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Home Prices Fall As Housing Market Shows Signs Of Trouble

Posted 05.25.2011 | Business

WASHINGTON (AP, BY ALAN ZIBEL) -- Home prices are weakening around the country, even in metro areas that were showing strength earlier in the year. T...

Refinancing Surges Even As Foreclosure Crisis Mounts

Bloomberg | Jody Shenn | Posted 05.25.2011 | Business

A rush by U.S. homeowners to refinance at near record-low interest rates marks a rare bright spot for the mortgage industry, under attack for choking ...

Home Sales Up In September, But More Troubles Ahead

AP | ALAN ZIBEL and JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Sales of previously occupied homes rose last month after the worst summer for the housing market in more than a decade. And fears o...

Ben Bernanke: Regulators Looking Into Foreclosure Mess

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclos...

Foreclosures: Why The New York Times Is Wrong

Peter G. Miller | Posted 05.25.2011 | Media
Peter G. Miller

The latest stumble in the foreclosure mess -- and probably not the last -- has been the revelation that huge numbers of sworn affidavits have been i...

Obama Hires a Hustler

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

The more one learns about the political roots of our economic meltdown, the more the Democratic Party stands revealed as an equal partner with the Republicans at the center of corruption.

Weekly Audit: Foreclosuregate Hits Home

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

Weekly Audit: Foreclosuregate Hits Homeby Lindsay Beyerstein, Media Consortium blogger Earlier this month, Bank of America (BOA), the country's larges...

Mortgage Damage Spreads: Big Bank Stocks Hit Again As Modern Finance Collides With The Legal System

Wall Street Journal | Posted 05.25.2011 | Business

The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptiv...

Friday Talking Points [143] -- Don't Ask, Don't Tell, Don't Appeal?

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

[OK, that was rather a fun title to write, but I have to at least begin with a warning that, while today's column is almost completely Obama-centric i...

Invasion of the Robot Home Snatchers

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The disastrous disarray in the housing industry is a direct result of decisions taken during the deregulation frenzy of the Clinton presidency when the securitization of mortgage was removed from any regulatory supervision.

GMAC Mortgage To Review Foreclosure Documents Nationwide

AP | ALEX VEIGA and ALAN ZIBEL | Posted 05.25.2011 | Business

LOS ANGELES — Two big mortgage lenders are reviewing foreclosures as public officials heighten pressure on the industry over allegations that th...

The Real Foreclosure Crisis: Who Owns the Mortgages?

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

For all the headlines given to foreclosure affidavits and robo-signing virtually no one has mentioned the real point, the idea that the affidavits themselves may not prove loan ownership regardless of how they were signed.

Hey Michelle, Read My Book

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

Until progressives break with Obama's rosy perceptions, they will have nothing to offer as a retort to the tea-party faux populists who are effectively monopolizing the legitimate rage over the bailouts.

The Big Guy's on Our Side

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

Paul Volcker, President Obama's former Federal Reserve chair who heads his Economic Recovery Advisory Board, recently nailed it in a series of blistering remarks on the sorry state of our economy.

Laid-Off Lawyer Finds New Purpose In Pro Bono Foreclosure Work

Huffington Post | Sara Yin | Posted 05.25.2011 | Impact

At 55, Cheryl Jacobs works 70 hours a week -- and bills next to none. A lawyer of 25 years, Jacobs was retrenched from her job as a mass tort lawye...

The World Watches America's Disappointment With President Obama in Disbelief

Georges Ugeux | Posted 05.25.2011 | Politics
Georges Ugeux

While traveling in Europe, India and China in mid-August, I met political, business and media leaders as well as friends and family. Together we refle...

William Alden

Foreclosure Repossessions Hit Record High in August | William Alden | Posted 05.25.2011 | Business

August saw more Americans lose their homes to foreclosure than any other month on record, RealtyTrac reported today. Banks repossessed a total of 9...

William Alden

Home Prices Could Drop For The Next Three Years | William Alden | Posted 05.25.2011 | Business

Thinking about buying a home? You might want to proceed cautiously. The housing market may continue to decline, potentially for at least three more ye...

It's the Mortgages, Stupid

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

Economically, there is precious little else to talk about, for if the housing market is not restored, we are in for one long, dreary period of economic stagnation at best, or a severe downturn and a society in dangerous turmoil.

White House to Deploy Broader Mortgage Aid

Wall Street Journal | NICK TIMIRAOS | Posted 05.25.2011 | Business

The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners who owe more than their homes a...

Obama Mortgage Modification Plan -- 100 Times Better Than Bush

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

Just about every posting regarding the Obama mortgage modification program says it's a dud. Those on the left say not enough has been done, those on t...

Wheat Ridge Woman's House Sold Without Notice, Told To Keep Making House Payments

KDVR | Julie Hayden | Posted 05.25.2011 | Denver

WHEAT RIDGE, Colo. - It's a program designed by the Obama Administration to help people in these tough economic times keep their homes, but a Wheat Ri...

Mortgage Closing Costs In Illinois Jumped 40% Last Year

Posted 05.25.2011 | Chicago

With real estate prices as low as they've been in years, those people and families that can afford it might be looking to capitalize on the market and...

Tweeting American

Bruce Kluger | Posted 05.25.2011 | Politics
Bruce Kluger

A mentor once told me that the best way to determine if something is well written -- be it a book or movie or even an essay--is if it can be summed ...

'Vultures' Save Troubled Homeowners

Wall Street Journal | Posted 05.25.2011 | Business

Anna and Charlie Reynolds of St. George, Utah, were worried about losing their home to foreclosure last year. Then they got a lucky break--from an unl...