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Mortgage

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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...

Newt Gingrich's Fight for the Luxury Industry Is Laughable

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Should we really believe that 20 million people purchasing luxury goods such as jewels, fashion, yachts, private planes and lavish international travel will be a major boost to the U.S. economy! Come, on.

Boulder's PACE Brought to a Halt

Anne Butterfield | Posted 05.25.2011 | Denver
Anne Butterfield

Along comes a federal housing agency to give our economy a little butt-kick into the abyss by thwarting an attractive funding mechanism for home energy retrofits and the jobs that come with them.

1 MILLION Americans Expected To Lose Homes In 2010

AP | ALEX VEIGA | Posted 05.25.2011 | Business

LOS ANGELES — Rosalyn Dalebout rents out space in her home to three tenants, has cut off her phone service and canceled her earthquake and life ...

Most Mortgage Defaults Come From Rich And Wealthy With Million Dollar Loans

The New York Times | Posted 05.25.2011 | Business

More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Time...

American Dream Interrupted: A Family's Journey

Huffington Post | Damiano Beltrami | Posted 05.25.2011 | New York

Helen K. Meshin, who emigrated from Russia to New York in the mid-1990s, never envisioned being a stay-at-home mother, taking care of three children. ...

Protesters Heat To San Francisco To Target Wells Fargo's Lending Policies

Huff Post Citizen Reporting | Heidi Pickman | Posted 05.25.2011 | Business

"Hey, hey, ho, ho - corporate greed has got to go" "We Want Justice, We Want Justice" "Wells Fargo, you can't hide, we can see your gree...

Product Warranty Proposal for the Ratings Agencies

Kim Davis | Posted 05.25.2011 | Business
Kim Davis

An enduring mystery of the debate about regulatory reform is the extent to which the ratings agencies are a second order issue of concern.

'God, What a Piece of Crap'

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs' reputation. Only in this case, it involved a grizzled former prosecutor, Sen. Carl Levin, rather than a genial defense attorney.

"A Man for All Seasons"

Jerry Zezima | Posted 05.25.2011 | Comedy
Jerry Zezima

Now I am in the middle of raking leaves that fell last fall, which is called fall because you will fall into the leaves that fell in the fall and will not feel fine after you have fallen.