Up next in the housing crisis: Strategic default
The next big issue is "strategic default" -- homeowners who can afford their payments but walk away from mortgages and accept foreclosure because they're facing financial stress.
The next big issue is "strategic default" -- homeowners who can afford their payments but walk away from mortgages and accept foreclosure because they're facing financial stress.
AP | ALAN ZIBEL | Posted 06.14.2009 | Politics
With less than 24 hours on the clock, Rose Inman's foreclosure was postponed Thursday for 60 days. But after spending hundreds of dollars she couldn't...
Adam Lioz | Posted 04.07.2009 | Politics
One every 13 seconds. That's how many families are losing their homes to foreclosure. More than 8 million families are at risk. And, this is no...
New York Times | JOHN D. GEANAKOPLOS and SUSAN P. KONIAK | Posted 04.05.2009 | Business
TO stanch the hemorrhage of foreclosures, we don't need another bailout. What we need is a fix -- and the wisdom to see what is in our own self-intere...
New York Times | EDMUND L. ANDREWS | Posted 04.05.2009 | Business
WASHINGTON -- The Obama administration on Wednesday began the most ambitious effort since the 1930s to help troubled homeowners, offering lenders and ...
Joe Peyronnin | Posted 03.24.2009 | Home
These are not ordinary times, so extraordinary steps must be taken. While differences of opinion should be heard, at the end of the day actions must be taken now.
The Huffington Post | Rachel Weiner | Posted 03.21.2009 | Politics
Barack Obama announced his plan to reduce foreclosures at Dobson High School in Mesa, Arizona Wednesday. The $75 billion plan could prevent up to 9 mi...
nytimes.com | EDMUND L. ANDREWS | Posted 03.20.2009 | Business
WASHINGTON -- President Obama's plan to reduce the flood of home foreclosures will include a mix of government inducements and new pressure on lenders...
Mark Miller | Posted 01.04.2010 | Business