If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
A wrap-up of stories and posts you might have missed or overlooked -- the ones below the fold: There's been more than the usual static from the Federal Reserve Banks this month.
A wrap-up of stories and posts you might have missed or overlooked -- the ones below the fold.
When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.
Last week I had the privilege of witnessing generosity on a scale that truly astounded me.
The rest of the country is inching forward on tangible progress, but Edward DeMarco could do more than anyone. The need is as urgent now as it ever was.
The eviction was so shocking that Lennon-Griffin's 72-year-old neighbor ran out of her own home in her pajamas shouting, "This is not America when we are removing people from their homes!" until she was arrested along with six others.
According to the U.S. Treasury Department, California has been one of the hardest hit among state foreclosure rates. That standing made the state elig...
In a pilot program, Bank of America will rent homes back to the homeowners who defaulted on their mortgage.
Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.
The crisis faced by Latino homeowners involves more than housing. With the majority of their wealth tied to their homes, foreclosed Latinos lose the equity needed for their future.
While there is a pressing need for such an organization, there is also one problem. They haven't done anything. Not only have they not done anything, they also have no dedicated website, address, or telephone number.
It's important to note that financial problems and stress are the underlying reasons behind many divorces -- and foreclosures can create both. In fact, money-related issues are the number one reason for divorce.
Of the 2.3 million children who have lost their homes to foreclosure, one out of every 10 have been negatively affected.
While people have fancy conversations about vacant homes, foreclosures and mortgage processing, stop picturing the homes that are vacant and start imagining the community institutions that have been foreclosed on.
In the popular imagination, the American foreclosure crisis is a morality play in which comeuppance has landed on greedy people who had it coming. Homeowners gorged on the wealth they took out of their properties like fat people at a Vegas buffet, using exotic mortgages to fill living rooms with home theaters and garages with new cars. This view is hard to square with the facts, and now a new study offers a powerful argument that scarce incomes and rising costs for middle class life played a decisive role in putting homeowners in deep financial trouble.
If Carnival were a person, there would be a word to describe its behavior: bratty. You know, the way none of us would want to see our kids act.
