Foreclosure Crisis

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.

Cook County Eviction Court: 'Assembly Line Pathos'

The Atlantic | James Warren | Posted 07.05.2009 | Chicago


Amid the more academic debate over President Obama's Supreme Court nomination, there's a melancholy reality check, and street-level window onto harsh ...

Another Midnight Run: Foreclosure Crisis Hits Close to (my) Home

Esther J. Cepeda | Posted 07.02.2009 | Chicago


Esther J. Cepeda

This is what foreclosure feels like from the outside. All of a sudden, trusted neighbors whose children I was watching grow up are gone and all that's left is a littered, empty home.

Congresswoman Maxine Waters Gives President Obama An "A"

Kathleen Wells, J.D. | Posted 06.18.2009 | Politics


Kathleen Wells, J.D.

He inherited a horrible situation with this economic crisis, but he has not flinched. And his confidence inspires us and helps to generate confidence because we see him carrying on.

Bankrolled But Bankrupt: The Senate Fails Homeowners Again

Harry Moroz | Posted 06.01.2009 | Business


Harry Moroz

The Senate had an opportunity to address the foreclosure crisis yesterday by adopting the Helping Families Save Their Homes in Bankruptcy Amendment. They balked.

Reasons for Hope

Ben Hecht | Posted 05.15.2009 | Business


Ben Hecht

It is difficult to find a silver lining in the sub-prime crisis. However, this crisis has also reminded me of the sometimes hidden power of the American spirit.

The Evictor: This Sheriff Doesn't Ride A White Horse

Jerry Waxman | Posted 05.15.2009 | Politics


Jerry Waxman

In 2001, Lieutenant Corriveau's office handled less than 1,000 eviction orders, by 2008 that number had increased to 10,243.

Inside Cook County's 'Compassionate' Eviction Process

AP | DON BABWIN | Posted 05.02.2009 | Chicago


NILES, Ill. — On a quiet street lined with neat homes and trim lawns, squad cars pull up to a suburban Chicago house where the owners have falle...

Foreclosures Jump 30% In February

AP | ALAN ZIBEL | Posted 04.12.2009 | Business


WASHINGTON — Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 per...

ShoreBank Aims To Rescue Burdened Homeowners From Foreclosure

Medill Reports | Malia Spencer | Posted 04.06.2009 | Chicago


From her Bronzeville branch office on South King Drive, Michelle Collins strives to solve the community's foreclosure problem one loan at a time. Col...

SWAT Closes In On Foreclosed Home, Owner Shoots Self In Head

Dawn Teo | Posted 04.04.2009 | Business


Dawn Teo

PHOENIX--As reported by a local ABC affiliate earlier today, an embittered homeowner shot himself in the head Tuesday on the outskirts of town as SWAT...

Ellen Tauscher (D-BofA) Helps Bank Lobbyists Write Our Laws

Jane Hamsher | Posted 04.02.2009 | Politics


Jane Hamsher

How can Tauscher claim that there's anything "moderate" about working on behalf of the bankers who created this crisis?

Ryan Grim

Florida Judge Orders Lenders To Work With Homeowners; Bailed-Out Banks On Board

HuffingtonPost.com | Ryan Grim | Posted 03.29.2009 | Politics


A chief judge for the ninth circuit in Orange County, Florida -- an epicenter of the foreclosure crisis -- ruled Wednesday that mortgage providers mus...

The Importance of Focusing on Credit Card Debt

Sen. Robert Menendez | Posted 03.28.2009 | Business


Sen. Robert Menendez

The bottom line is that, more than ever, we cannot allow credit card companies to continue fleecing consumers, or making them feel like it's all one big guessing game.

Foreclosed Homeowners Protest Pending Evictions

Gabriel Beltrone & Matthew Palevsky | Posted 03.27.2009 | Politics


This piece on the foreclosure crisis was produced as part of HuffPost's citizen journalism initiative. Reporting by Lauren Cannon, Leia Ford, Richard ...

EyesandEars: Home Owner Protests Foreclosure in Houston, TX

Posted 03.26.2009 | Politics


This story was reported and written by Leia Ford. She is one of the HuffPost citizen journalists helping cover the on the ground effects of the forecl...