Foreclosure Filings Up 81% In 2008
WASHINGTON — More than 2.3 million American homeowners faced foreclosure proceedings last year, an 81 percent increase from 2007, with the worst...
Foreclosures
Make Sure that Our Country Does Not Become Detroit
Jim Wallis | Posted 02.07.2009 | Business
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My brother is the COO for the largest non-profit service provider in the city. His family's home is now worth less than their mortgage -- an experience now common to many Detroit area homeowners.
Hispanics Face Wave Of Foreclosures
Wall Street Journal | Susan Schmidt and Maurice Tamman | Posted 02.05.2009 | Business
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When the national housing market began unraveling, so did the fortunes of many of the new homeowners. National foreclosure statistics don't break out ...
Housing Industry Looks To Help Homeowners Facing Foreclosure
Chicago Tribune | Mary Ellen Podmolik | | Posted 01.26.2009 | Business
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The goal of the housing industry is to help more homeowners before, or right after, they become delinquent on their payments, and organizations are st...
Chicago 'Vital Signs' Report Tells Where Life Support is Needed
Esther J. Cepeda | Posted 01.17.2009 | Chicago
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Like a strong, steady heartbeat, the Chicago Community Trust quietly tapped out the city's economic pulse Monday in the form of its very first monthly "Vital Signs" report.
Tenants Receive Overdue Foreclosure Love
Mark Winston Griffith | Posted 01.15.2009 | Business
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Tenants who live in homes facing foreclosure are among the most invisible victims of the foreclosure crisis.
Why Home Values May Take Decades To Recover
USA Today | Dennis Cauchon | Posted 01.12.2009 | Business
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Rick Wallick moved into a new, three-bedroom $200,000 home in Maricopa, Ariz., in October 2005. Today, the home is worth $80,000. The disabled softwa...
The Best of 2008: Going after the Predatory Lenders
Mark Winston Griffith | Posted 01.12.2009 | Business
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The Drum Major Institute for Public Policy yesterday released its 2008 Year In Review. report It includes some of the best urban policies of the year...
Durbin, Madigan Push For Federal Foreclosure Aid
Daily Herald | Joseph Ryan | Posted 01.05.2009 | Chicago
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U.S. Sen. Dick Durbin, the second-highest ranking Senate Democrat, is pushing for the federal government to share losses on mortgage defaults to prod ...
Record 1 In 10 Homeowners In Serious Mortgage Trouble
AP | ALAN ZIBEL | Posted 01.05.2009 | Business
WASHINGTON — A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at t...
Foreclosures Create Opportunity For Squatters
Chicago Public Radio | Chip Mitchell | Posted 01.04.2009 | Chicago
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Sometimes one person's misfortune can become another's opportunity. That's what's happened in a foreclosed building in Chicago. The owner abandoned th...
New Mortgage Crisis Looms, Number Of Defaults Expected To Double
AP | MATT APUZZO | Posted 12.29.2008 | Business
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WASHINGTON — Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic ...
Mounting A Surge in the War Against Foreclosure Predators
Mark Winston Griffith | Posted 12.25.2008 | Business
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Sheila Bair,
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While there is room for improvement among nonprofits doing foreclosure prevention, this observation made by the Times is like blaming the troops in Iraq for not policing enough territory.
Foreclosure Moratorium: Its time has come?
Mark Winston Griffith | Posted 12.22.2008 | Business
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This entry is cross-posted on the DMI blog There used to be time when the idea of a national moratorium on foreclosures was largely seen as an imprac...
Durbin And Dart Decry Foreclosure 'Chaos'
NBC 5 | Posted 12.20.2008 | Chicago
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Will help for homeowners facing foreclosure come too late? That is the fear of lawmakers meeting on Wednesday on Capitol Hill. Sen. Dick Durbin says ...
FDIC, Treasury Clash On Anti-Foreclosure Plan
Reuters | Karey Wutkowski and Patrick Rucker | Posted 12.15.2008 | Business
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A top U.S. banking regulator unveiled a plan on Friday to prevent about 1.5 million foreclosures, breaking ranks with the Bush administration by deman...
Hank to Homeowners: Drop Dead!
Rep. Jane Harman | Posted 12.15.2008 | Business
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Addressing homeowner woes is apparently too complicated, so Hank Paulson wants to move on to massive infusions for big banks and help for student loans and consumer credit. This strategy is mystifying.
"Is Kashkari A Chump?" (VIDEO)
CNBC, AP | Posted 12.15.2008 | Business
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Assistant Secretary of Treasury Neel Kashkari, the man in charge of the bailout, went to Washington, DC, today to testify in Congress. They didn't exa...
FDIC Says Its New Plan Could Save 1.5M Homes
AP | ALAN ZIBEL | Posted 12.15.2008 | Business
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WASHINGTON — Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 bi...
Illinois Foreclosures Soar
AP | Posted 12.14.2008 | Chicago
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The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday ...
Foreclosure Rates Up 25 Percent From A Year Ago
AP | ADRIAN SAINZ | Posted 12.14.2008 | Business
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Foreclosures,
Mortgages,
Mortgage Relief,
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MIAMI — The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data rele...
Citigroup To Slow Foreclosures In Hopes To Stem Losses
AP | SARA LEPRO | Posted 12.12.2008 | Business
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Citigroup,
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NEW YORK — Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers...
Obama's First Crisis: The Economic Free Fall
Danny Schechter | Posted 12.11.2008 | Business
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Foreclosures,
Economic Crisis. Plunder,
Debt,
The Reckoning,
Activism,
Economy,
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Neither political party's convention or platform took much note of our imploding financial system until it could no longer be ignored.
Governor Wants Home Foreclosure Moratorium
Associated Press | Posted 11.30.2008 | Chicago
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Foreclosures,
Foreclosure Crisis,
Blagojevich Foreclosure,
Rod Blagojevich,
Illinois Foreclosures,
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Chicago News
Gov. Rod Blagojevich wants state lawmakers to do something to help prevent home foreclosures. Blagojevich says he's pushing for a new law that would ...
The Suffering of Wall Street Wives
Jon Wiener | Posted 11.25.2008 | Home
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Offthebus,
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"Wall Street wives are finding that they must defer dreams and fancy things," the L.A. Times reported in a page one story on Saturday. One wife, wh...
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AP | ALAN ZIBEL | Posted 02.15.2009 | Business