Cautious Moves on Foreclosures Haunting Obama
Cautious Moves on Foreclosures Haunting Obama
By Binyamin Appelbaum, The New York Times, August 19, 2012
WASHINGTON — After inheriting the worst economic downturn since the Great Depression, President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry and revive the economy.
The Unsettled Foreclosure Settlement
By Joel Cone, Staff Writer, August 17, 2012
It’s been six months since the federal government and attorneys general from 49 states came to terms with the five largest lenders in the nation, settling on a $25 billion penalty for illegal foreclosure practices including the so-called “robo-signing” of foreclosure documentation starting back in 2008.
Foreclosures and the Presidential Race
By Octavio Nuiry, Staff Writer, August 15, 2012
With less than three months remaining until the presidential election, neither candidate has talked much about the troubled U.S. housing market, especially in foreclosure-riddled states like Arizona, California, Florida, Nevada and Michigan — all key swing states.