The Illinois Constitution is designed to protect itself from amendments with grassroots origins. The authors of the 1970 constitution and the voters who ratified it made a clear statement: Constitutional amendments offered to voters should, with one narrow exception, come from elected lawmakers, not ordinary citizens.
At the conference Lew cast some bread upon the water -- announcing an extension of HAMP and related programs through 2016 -- and these crumbs were eagerly consumed by so-called housing advocates
Recent research about student loans and mortgages raises the question of whether having too much debt can make you sick. Survey results are particularly troubling because they suggest that it is the debt itself -- not the burden of repayment.
Homes in Illinois were foreclosed on at double the national rate in June, a study from RealtyTrac found. The country's foreclosures were down in June ...
Growing up, everyone tells you how to play by the rules. But if you're like me, no one tells you how to break the rules successfully. The world had always been black and white, and now there was this huge gray area I needed to learn how to maneuver.
The story of a private equity firm, a missing pool fence, and the death of a two-year-old child raises troubling questions about how, as a nation, we define security in housing and why, in the midst of what's regularly termed a "recovery," many neighborhoods may actually be growing increasingly vulnerable.
From the Bronx to Buffalo, cities and towns in New York have been plagued by what are commonly called zombie properties. These are homes that residents abandon -- often after they have received a foreclosure notice -- which then languish, uncared-for, until the foreclosure process is complete.
Even if a bank had never officially employed Geithner, his attitudes and concerns clearly reflect those of the financial industry. This comes through in matters big and small.
Statutory language may be narrowly interpreted by courts. Federal legislation may preempt state legislation. The "third wave" of mortgage modification litigation will likely continue for some time with lenders frequently prevailing.
The housing finance system -- as well as other national housing policies -- needs to serve a country where local home prices in some markets are 10 times as high as in others, and where local and state laws affect how much new construction is allowed, how long foreclosures take, and more.
Instead of expanding homeownership opportunities, the Johnson-Crapo proposal tells working and middle-class families that homeownership will be reserved for the fortunate few. That is simply wrong, and we can do better.
So, what does a family do when their lender denies a loan modification and instead insists on foreclosure? File bankruptcy. What happens a few months later when the lender has court permission to reschedule the foreclosure sale? The homeowner files bankruptcy again.
The Coronel family is part of a growing national movement to challenge Wall Street and the financial industry, whose predatory practices resulted in millions of Americans losing their homes and millions more still "underwater" with homes worth less than their mortgages.
I've bought a great many foreclosure properties over the years and can tell you that you can end up pulling your hair out if you're not prepared for the hurdles the lender places in your path to a closing.
Trulia's Housing Barometer shows that 4 of the 5 key housing indicators improved over the past year: prices, the delinquency+foreclosure rate, non-dis...
As consumers continue to suffer, you and your bank continue to profit: Chase earned $21.3 billion in 2013, and you, Mr. Dimon, earned $20 million in the same period.