My fellow Americans: I deliver this address at a time of great distress in our nation. Never before have we faced challenges of such severity as we d...
I put this issue to my podcast buddies on The Ohio Revolt, and I was surprised by the conversation. For me, it may be an irreversible, inevitable decline. To them, it was an issue of better leadership and better long-term planning.
I worked for 30 years as a cardiologist in Richmond, and I have always seen the city's problems through the health lens. What can a focus on health teach us about Richmond's foreclosure crisis? What is the impact on the health of families and neighborhoods?
While no one can predict with certainty what the housing market holds in store for 2014, a constant in real estate is always that local markets vary widely in their performance.
Everyone talks about resolutions this time of year. Making changes, setting goals, remembering dreams we once had, and wanting to live better. But the only thing I see happening with resolutions is "adding" to the already secret mess that is my life.
You can hardly turn on the television or open a newspaper without hearing about the nation's impressive, much celebrated housing recovery. Home prices are rising! The crisis is over! Yet beneath the fanfare, a whole new get-rich-quick scheme is brewing.
Jesse James DeConto is a journalist, musician and author of the spiritual memoir This Littler Light: Some Thoughts on NOT Changing the World. He is re...
Some in the media are crying out as if the big bankers were being persecuted within an inch of their lives. As much as they complain, not a single banker has gone to jail as a result of the mortgage debacle. But I did.
When foreclosure actions due to predatory lending are fought from a Civil Rights perspective, the rights and interests of the homeowner who was wronged becomes the focus. It's about fairness and an even playing field. That's all anyone ever wanted.
The upcoming JPMorgan Chase settlement is expected to be the largest corporate settlement in Justice Department history. Unless the Justice Department prevents it, JPMorgan could heap billions of dollars right back onto the shoulders of taxpayers.
For many Americans, home purchases that seemed like a wise investment at the time have turned into financial disasters. Many are wondering what to do next with a mortgage that is too high, homes that won't sell for enough to pay for the mortgage, or homes which are simply unlikely to sell at all.
Bank of America specialized in making mortgages with terms that the loan officers and executives like Mairone knew the borrowers could not possibly service. Fraud was the business model. Foreclosure was the expected result.
Formerly known as a Chevron company town, Richmond is home to one of the largest oil refineries in the Bay Area. But Mayor Gayle McLaughlin, who identifies with the Green Party, has been in office since 2010 and is already giving big banks and oil companies all they can handle in the way of opposition.
More than one million homeowners nationwide have already benefited from MHA, but hundreds of thousands of additional families are still eligible for assistance.
Social scientists now grapple with documenting the effects of the crisis on children facing housing instability. Some effects of the crisis are relatively easy to identify: foreclosures often force residential and school moves, displacing children from established community and peer networks.
Detroit's financial woes have placed the issue of bankruptcy in the national spotlight. Yet, for many Americans, who are still struggling to get back on their feet amid high unemployment and expensive medical bills, bankruptcy is all too familiar.