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Distressed Assets

Distressed Homeowners Need Lots of Help

Joel Sucher | Posted 08.06.2014 | Money
Joel Sucher

Statistics don't reveal the faces behind the numbers. While trillions were lost in housing values the human cost, measured in lost dreams, dislocation, divorce, depression, suicide, addiction, is incalculable.

Behind Every 'Distressed Asset' Is a Distressed Human Being

Joel Sucher | Posted 05.30.2012 | Politics
Joel Sucher

Shaun Donovan, with his engineering of the robo-signing settlement, has done his best to emulate former President George W. Bush's "mission accomplished" moment, trying to spin the deal as some sort of resolution.

Banks Are Reluctant To Recognize Their Bad Deals

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Once again, lenders are making believe that defaulted-loan problems will go away if they wait long enough. Industry jokesters call it "extend-and-pretend."