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Mortgage

The F Word: Human Interest in Bank Practices

Laura Flanders | Posted 05.25.2011 | Business
Laura Flanders

Wells Fargo made a bundle selling risky, high-cost subprime loans to African Americans, including long-time African American homeowners.

Elkhart, Ind.: How One Town Relies On The Government's Enormous Support For The Housing Market

nytimes.com | DAVID STREITFELD | Posted 05.25.2011 | Business

More than one in 10 mortgage holders in Elkhart is seriously behind on payments. The median sales price has plunged to the level of a decade ago. Many...

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.

Judges Siding With Some Homeowners In Mortgage Court Fights

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

FOR decades, when troubled homeowners and banks battled over delinquent mortgages, it wasn't a contest. Homes went into foreclosure, and lenders took ...

Last Words From the Vanishing Middle Class

Francine Hardaway | Posted 05.25.2011 | Politics
Francine Hardaway

I personify the vanishing middle class. When I started my business in 1980, I had a pretty good life. Twenty-five years later, my standard of living has totally deteriorated.

Roger Lowenstein: The Case For Walking Away From Your Mortgage

New York Times Magazine | Roger Lowenstein | Posted 05.25.2011 | Business

John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal that homeowners who default on their mor...

Now Is Not the Time To Stop Using Your Credit

Jeanne Kelly | Posted 05.25.2011 | Business
Jeanne Kelly

Credit is sort of like a healthy body. You've got to use it to have it and you've got to use it well and on an on-going basis to have it be stellar.

Homeowners: "Hey Congress, Get Off Your A**"

Richard Zombeck | Posted 05.25.2011 | Business
Richard Zombeck

Our fearless leaders and elected officials don't really seem to have much to say when it comes to hundreds of foreclosures a week - and that's just in their own districts.

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...

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...