Foreclosure Crisis

Foreclosures: Prime Borrowers Are The Latest Victims

AP | ALAN ZIBEL | Posted 11.19.2009 | Business


WASHINGTON — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down hou...

24-Year-Old Given Months To Live Without Insurance

Huffington Post | Julian Hattem | Posted 11.06.2009 | Impact


As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Urangoo Baatarkhuyag, a ...

Federal Reserve Tours Foreclosed Homes: "Very Sobering"

The Huffington Post | Julian Hattem | Posted 11.02.2009 | Business


As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Representatives of the F...

Wall Street and Their Seductive Loan Promotions Tricked Many on Main Street

Rep. John Conyers | Posted 10.23.2009 | Politics


Rep. John Conyers

It is mind-boggling to believe that with such a vast operation, banking giants like JP Morgan Chase were not the least bit aware of the wrongful subprime lending practices being undertaken.

You Don't Buy Clothes When You Get Foreclosed

Lita Smith-Mines | Posted 10.22.2009 | Business


Lita Smith-Mines

My foray back into stores after a long, involuntary hiatus was disturbing. The parking spaces and aisles were vacant. I guess, when you lose your house to foreclosure, your closets go too.

Will Extreme Economic Inequality Lead to Terrorism? A Chilling Moment on NPR's OnPoint

Bruce Judson | Posted 10.21.2009 | Business


Bruce Judson

We are witnessing the unfolding of a chain of dangerous events associated with our collapsing middle class and increasingly two-tier economy.

Homeless Evicted From California Tent City

The Huffington Post | Julian Hattem | Posted 10.20.2009 | Business


As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. In Visalia, Calif., hundr...

Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners

Arianna Huffington | Posted 10.10.2009 | Business


Arianna Huffington

As bad as America's foreclosure crisis is -- and it's very bad, with over 300,000 homes receiving a foreclosure filing every month -- it's being made even more devastating by the lack of legal assistance available to beleaguered homeowners. READ MORE More HuffPost Game Changers: Politics and Style Announcing My First Pick for the HuffPost Book Club: In Praise of Slowness Attention Fellow Book Lovers: HuffPost's New Books Section Is Here WATCH: Arianna Discusses Race Relations, Letterman Scandal On Joy Behar Show

Government Pays Mortgage Servicers Billions, While Homeowners Suffer

McClatchy Newspapers | Chris Adams | Posted 10.04.2009 | Business


WASHINGTON -- The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of ...

Immigrant Family Fears Foreclosure Of American Dream

The Huffington Post | Julian Hattem | Posted 09.30.2009 | Business


As part of the Huffington Post's effort to bear witness to the effects of the current economic environment on ordinary Americans, we're rounding up so...

Mom Goes Blind So Her Daughters Can See (VIDEO)

HuffingtonPost | Julian Hattem | Posted 09.28.2009 | Business


As part of the Huffington Post's efforts to bear witness to the effects of the current economic environment on ordinary Americans, we're rounding up s...

Landlord Goes Back To Work To Let Unemployed Tenants Stay Rent-Free

The Huffington Post | Julian Hattem | Posted 11.24.2009 | Business


As the Huffington Post continues to bear witness to the effects of the current economic environment on ordinary Americans, we've found additional comp...

Even the Losers Get Lucky Sometimes

Lita Smith-Mines | Posted 11.16.2009 | Living


Lita Smith-Mines

A former client sadly related that her home is "worth less than $600,000 and we owe close to $800,000. I can't sleep. I can't eat. I can't believe what I've lost."

Cheronda Guyton: Wells Fargo Exec Fired For Using Reclaimed Malibu Home

AP | Posted 11.14.2009 | Business


UPDATED: Check out PHOTOS of the $12 million Malibu beach home that Cheronda Guyton partied in. MALIBU, Calif. — Wells Fargo & Co. has fired a...

Arthur Delaney

Making Home Affordable: 12 Percent Of Eligible Borrowers Helped So Far

HuffingtonPost.com | Arthur Delaney | Posted 11.09.2009 | Business


Twelve percent of distressed homeowners eligible for mortgage modifications under the Obama administration's signature effort to reduce foreclosures h...

Exposing the Myth of Irrational Exuberance

Roberto G. Quercia | Posted 11.08.2009 | Business


Roberto G. Quercia

Irrational exuberance? We think not. Market participants responding rationally to a range of short term economic incentives are the root causes of the crisis.

Stemming the Rising Tide of Foreclosures Plaguing the Middle-Class With a Guaranteed Mortgage Assistance Program (GMAP)

Michael Intriligator, Jud Ireland, and Kyle Martin | Posted 10.23.2009 | Business


Michael Intriligator, Jud Ireland, and Kyle Martin

As we see it, it is now time to adopt the GMAP initiative and other bottom-up economic solutions to address the recession so that we may avoid a Japanese-style "lost Decade."

Foreclosure Linked To High Rates Of Depression: Study

washingtonpost.com | Posted 09.25.2009 | Business


Researchers at the University of Pennsylvania School of Medicine questioned 250 homeowners going through foreclosure in Philadelphia and found that 47...

Investors Buy Property Tax Liens - And Charge High Interest Rates

nytimes.com | JACK HEALY | Posted 09.18.2009 | 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...

Take This Mortgage and Cram It

Jerry Chautin | Posted 09.11.2009 | Business


Jerry Chautin

At what point does heavy-handed government cross the line? Should homeowners suffer the consequences of their imprudent decisions to buy houses they could not afford?

Rising Unemployment Accelerates Foreclosure Crisis

AP | ALAN ZIBEL and TAMMY WEBBER | Posted 08.16.2009 | Business


WASHINGTON — Relentlessly rising unemployment is triggering more home foreclosures, threatening the Obama administration's efforts to end the ho...

Mortgage Modifications Still Uncommon Despite Huge Losses From Liquidation Sales

The Huffingtonpost | Matthew Palevsky | Posted 08.06.2009 | Business


Despite efforts by the Obama Administration to stave off foreclosures by providing incentives for banks to modify mortgages for distressed homeowners,...

Foreclosure Crisis Caused By Zero Money Down, Not Subprime Loans: Study

wsj.com | STAN LIEBOWITZ | Posted 08.03.2009 | Business


What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of indi...

Dispatches From The Displaced

Huffington Post | Posted 07.19.2009 | Eyes & Ears


Dispatches from the Displaced is a HuffPost Eyes&Ears series on the real-life effects of the housing crisis. We're collecting stories from HuffPost re...

Stopping the 13 Second Clock: ACORN and Leading Mayors Join Together in Fighting Foreclosures

Bertha Lewis | Posted 07.13.2009 | Politics


Bertha Lewis

With millions more foreclosures staring us in the face, we have to act now to create sensible local solutions that will improve our communities, safeguard families, stabilize tax bases, and revive the economy.