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Mortgage

Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 05.25.2011 | Business

Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center...

Lawsuit Reveals The Problems Inside Wall Street's Mortgage Machine

nytimes.com | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

DURING the lending mania, as Wall Street's mortgage machinery hummed and the money poured in, millions of loans were bought and sold, zipping across t...

Housing Market Buoyed By $300 BILLION In Government Aid: CBO

Posted 05.25.2011 | Business

A new report from the Congressional Budget Office attempts to put a number on the amount of money the government has poured into the housing market. C...

Just Say "No" to Adult Children Wanting Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

You are not doing your children any favors by not allowing them to grow up. I'm OK with parents helping children through college (in four years, not forty), but after that they are on their own.

It's a Wonderful Life and Sub-Prime 2007

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

You don't have to be an expert at analyzing films or the economy to figure out that the holiday season favorite, It's a Wonderful Life, has never been so right on.

Survey Shows Rise In First-Time Homebuyers

AP | ALEX VEIGA | Posted 05.25.2011 | Business

SAN DIEGO — The housing market welcomed a bigger share of first-time buyers and single women this past year, while a majority of sellers resorte...

Robert Shiller: Address Income Gap, Tie It To Tax Rate (Video)

The Huffington Post | Posted 05.25.2011 | Business

The US might be in the midst of a second housing and financial bubble, according to economist and Yale Professor Robert Shiller. Shiller and Financial...

Foreclosures Growing In Housing Market's Top Tiers

Wall Street Journal | NICK TIMIRAOS | Posted 05.25.2011 | Business

About 30% of foreclosures in June involved homes in the top third of local housing values, up from 16% when the foreclosure crisis began three years a...

New American Dream: Default, Then Rent

Wall Street Journal | Posted 05.25.2011 | Business

People's increasing willingness to abandon their own piece of America illustrates a paradoxical change wrought by the housing bust: Even as it tarnish...

Economic Crisis Compels Economists To Reach For New Paradigm

Wall Street Journal | MARK WHITEHOUSE | Posted 05.25.2011 | Business

The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...

Bankrupt Retirees: Older Americans Are Most Likely To Declare Bankruptcy

Newsweek | Linda Stern | Posted 05.25.2011 | Business

Older Americans are heading into and through retirement with a boatload of debt. They're carrying everything from mortgages and home-equity loans to b...

Should We All Stop Paying Our Mortgages?

Rohit Chopra | Posted 05.25.2011 | Business
Rohit Chopra

Tens of thousands of American families may remember Christmas of 2009 as the last time they'll spend a holiday in a home they own. Yet 2010 might not look much prettier.

The Dilemma's Innovator

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Instead of perpetuating the federal government's over-subsidization of homeowners and under-subsidization of renters, Congress should work to develop a housing policy that helps, not hurts, low-income households.

Five Ways President Obama Changed My Life - An Inspirational Video

Baratunde Thurston | Posted 05.25.2011 | Politics
Baratunde Thurston

I asked Robin, a college classmate of mine, if I could video tape her story, and she proceeded to rattle off five tangible ways her life has been improved by the efforts of our president.

Murder by Mortgage

Sherman Yellen | Posted 11.17.2011 | Healthy Living
Sherman Yellen

Molly was a victim of blind trust that others would take care of her. She believed a man would be there to help her get through it all. Men helped her to get through it all -- that is, all her money.

So-Called 'Conservatives' Should Find Something Else to Bellyache About

Christopher Ingram | Posted 05.25.2011 | Politics
Christopher Ingram

Getting all worked up over Obama's school house speech is a distraction and a diversion from the real problems facing our country.

Weekly Audit: EFCA, Tax Cheats and the Racial Wealth Gap

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

The U.S. economy may finally be bottoming out. But while conditions may improve in a dry, statistical sense, the foundation for a productive economy has been decimated over the past three decades.

Investors Buy Property Tax Liens - And Charge High Interest Rates

nytimes.com | JACK HEALY | Posted 05.25.2011 | Business

Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local gove...

Mortgage Deliquency Rate Hits All-Time High In 2Q

AP | EILEEN AJ CONNELLY | Posted 05.25.2011 | Business

NEW YORK — The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a...

'Right To Rent' - Borrowers Should Be Allowed To Rent Their Own Homes: Dean Baker

Los Angeles Times | Jon Healey | Posted 05.25.2011 | Business

Less than 10% of homeowners facing foreclosure have benefited from the Obama administration's mortgage modification program, according to a Treasury D...

In This Crisis, Government Spending Isn't Likely to Do Us in -- But Private Savings Might.

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

In a crisis, the ratio of public debt to GDP must rise.

A Church In Need

Keith Leon and Maura Leon | Posted 11.17.2011 | Healthy Living
Keith Leon and Maura Leon

Our large economic challenges have impacted the religious community in distressing ways.

The Good, the Bad, the Ugly: Financial Sector Regulation

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

There's no question that Wall Street is going to mobilize -- is already mobilized -- to defeat the administration's positive proposals.

Have the Last Laugh as You're Kicked to the Curb, America

Mike Sheehan | Posted 05.25.2011 | Comedy
Mike Sheehan

7. "In the spirit of Huffington Post's trendsetting something-for-nothing business plan, I'm willing to live in the house... for free!"

Budget Cuts Trim Mortgage Complaint Resources

ProPublica | Posted 05.25.2011 | Business
ProPublica

In Georgia, most of the state workers handling mortgage-related complaints have been laid off. Now, just one staffer -- working "more than full time" -- handles all of the complaints.