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Mortgage

I'm Not A Polyanna: The Economy Is Going To 'Rebound'

Stephen Rose | Posted 05.25.2011 | Books
Stephen Rose

If history is any guide, we should expect a rebound and it is incumbent on those arguing otherwise to prove what's different now.

Mortgage Modification Program: 12 Million Households 'At-Risk'

Reuters | Rolfe Winkler | Posted 05.25.2011 | Business

Friday's announcement that the administration is overhauling its mortgage modification program to encourage principal forgiveness shows they understan...

Bank Of America To Start Reducing Principal On 'Underwater' Mortgages

AP | IEVA M. AUGSTUMS | Posted 05.25.2011 | Business

CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank,...

Why Fannie Mae, Freddie Mac Continue To Cost US Taxpayers Billions

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Business

Of all the companies bailed out by the federal government, mortgage finance giants Fannie Mae and Freddie Mac are shaping up as the deepest money pits...

Compare Senate, House Financial Reform Bills: CFPA, Fed, Derivatives Differences

AP | The Associated Press | Posted 05.25.2011 | Politics

A comparison of the Senate and House financial regulation bills: ____...

Astoria Characters: The Self-Made CEO

Nancy Ruhling | Posted 05.25.2011 | New York
Nancy Ruhling

It came about, when Edith O'Donnell was in her late 40s, that she found herself without a husband and without a job. And with two daughters to put through college.

What Happened To The White Picket Fence?

Michael Ford | Posted 05.25.2011 | Home
Michael Ford

In the American Consumer Republic, the Xavier University for Politics and the American Dream's first national survey of the Dream found that the alleg...

Transactions: May 17, 2010

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Europe without Greece is like Main Street without Wall Street. Difficult to fathom, even if Goldman, Sachs & Co. has been naughty. For now, Greece can...

'Strategic Defaults' Give Homeowners A Way Out, Even If They Can Afford Payments

Los Angeles Times | Alana Semuels | Posted 05.25.2011 | Business

Time was when Americans would do almost anything to hang on to their homes. But that commitment appears to be fraying as more people fall behind on th...

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...

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...

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.