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Principal Reduction

Ben Hallman

'Historic' JPMorgan Settlement Won't Help Most Of The Neediest Cases

HuffingtonPost.com | Ben Hallman | Posted 11.20.2013 | Business

The biggest legal settlement in history between the United States government and a single entity will directly benefit, at best, a tiny fraction of th...

Ben Hallman

Mayor Takes Bold Stance Against Foreclosures

HuffingtonPost.com | Ben Hallman | Posted 08.16.2013 | Business

As the mayor of Richmond, Calif., Gayle McLaughlin believes it's within the city's rights to seize hundreds of home mortgages at risk of foreclosure a...

Hey Congress: No Vacation Until You Stand Up for Homeowners and Confirm Rep. Mel Watt

Tracy Van Slyke | Posted 09.29.2013 | Politics
Tracy Van Slyke

While Congress takes a vacation in August, tens of millions of homeowners will spend day and night worrying about how to keep their home, pay their mortgage and continue to struggle to make ends meet.

How Homeowners Made May a Month You Won't Forget

Tracy Van Slyke | Posted 07.21.2013 | Business
Tracy Van Slyke

It has been a full five years since banks crashed the economy and more than a year since President Obama announced a special task force to investigate big bank crimes. Ever since, homeowners and community members have been fighting for fair and deserved relief and justice.

Study: Foreclosure Crisis Cost The U.S. Billions In Lost Wealth Last Year

The Huffington Post | Jillian Berman | Posted 05.17.2013 | Business

The housing market may be recovering, but the country is still suffering. Americans lost $192.6 billion in wealth, or an average of $1,700 per hou...

How to Fix the Great Real Estate After-Bubble

Mary Manning Cleveland | Posted 06.25.2013 | Business
Mary Manning Cleveland

Now these big real estate companies think they're going to make megabucks scooping up and renting out tens of thousands of foreclosed houses. Ha!

Dancing Around the Housing Crisis: A Response to Secretary Shaun Donovan

Elizabeth Lynch | Posted 05.25.2013 | Business
Elizabeth Lynch

Donovan must continue to monitor the progress of the Settlement with its goal in mind: to save families' homes from unnecessary foreclosure. With so few first lien modifications reported by the banks, it is clear that goal is not being achieved.

'Dump DeMarco' Housing Protestors Interrupt (and Get Evicted From) House Hearing

Tracy Van Slyke | Posted 05.20.2013 | Politics
Tracy Van Slyke

Ed DeMarco's continued ideological opposition to principal reduction -- also known as resetting mortgages to fair market value -- has made him widely known one of the biggest obstacles to our country's economic progress.

'I Cannot Afford The Inflated Mortgage I've Been Forced Into'

Home Defenders League | Posted 03.12.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

Completed Chicago Area Foreclosure Skyrocket in 2012

Dory Rand | Posted 04.10.2013 | Chicago
Dory Rand

The vast majority of foreclosed properties that reach auction do not sell and therefore become lender-owned, or real estate owned (REO). REO properties cause several problems for the neighborhoods and cities in which they are located.

Eleazar David Melendez

Obama Urged To Replace DeMarco, Help Underwater Borrowers

HuffingtonPost.com | Eleazar David Melendez | Posted 02.07.2013 | Business

Members of the House of Representatives urged Obama Thursday to appoint a permanent leader of the Federal Housing Finance Agency (FHFA) who will suppo...

President Obama's Unfinished Business on Housing

George Goehl | Posted 03.29.2013 | Politics
George Goehl

From climate change to human rights, President Obama sketched out a progressive agenda, but he neglected a crucially important element: finally ending the foreclosure crisis which continues to uproot families and blight communities.

Ben Hallman

The 1 Thing Obama Must Fix To Secure His Economic Legacy

HuffingtonPost.com | Ben Hallman | Posted 11.09.2012 | Business

President Barack Obama secured reelection while managing to talk around one area of economic policy in which experts frequently charge him with failur...

President Obama: Your Second Term Is Your Second Chance to Get Housing Right

Tracy Van Slyke | Posted 01.07.2013 | Politics
Tracy Van Slyke

President Obama, take this second chance to get it right on housing and use your mandate to help the millions of underwater homeowners across this country.

The Real Debate Loser: The Voters

Tracy Van Slyke | Posted 12.04.2012 | Politics
Tracy Van Slyke

Wednesday's night debacle of a debate hurt on many levels, not just because of of the failures of moderator Jim Lehrer, but because of our presidential candidates. I don't care who the pundits say won the debate, because in the end, the sad fact is that the American people lost.

HuffPost Editors Talk Underwater Borrowers: 'This Is Still Your Fight' [VIDEO]

Posted 10.02.2012 | Business

The Huffington Post on Monday launched a new project to allow readers from around the country to tell stories about their neighborhoods. The new se...

Homeowners Tell Top White House Officials: Bold Solutions Now

Tracy Van Slyke | Posted 11.17.2012 | Politics
Tracy Van Slyke

We are looking to the candidates who wish to be our nation's next president to tell us, the American people, how they are going to fix the housing crisis and restore our economy. It's time they speak out.

Ben Hallman

San Bernardino Eminent Domain Fight Closely Watched By Other Struggling Communities

HuffingtonPost.com | Ben Hallman | Posted 09.25.2012 | Business

SAN BERNARDINO, Calif. -- This old railroad town in the heart of the Southern California foreclosure belt doesn't attract many visitors these days, es...

Ben Hallman

The Bank With The Largest Mortgage Relief Obligations Falls Short

HuffingtonPost.com | Ben Hallman | Posted 08.29.2012 | Business

The five major banks that signed a landmark national mortgage settlement in March have been slow to deliver $10 billion in promised debt relief, accor...

Underwater Voters Take Aim at Obama and Romney over Housing Crisis

Tracy Van Slyke | Posted 10.22.2012 | Politics
Tracy Van Slyke

Less than 80 days away from the 2012 presidential election, we face a unique moment in time. We have an opportunity to stand up for underwater homeowners across America -- and in so doing, fix the housing crisis and save the economy.

VIDEO: Underwater Voters Have Message for Obama

Van Jones | Posted 10.16.2012 | Politics
Van Jones

Housing and foreclosures have been largely absent from the political debate, but they're about to break through in a big way. Battleground states like Nevada, Florida, Ohio, Colorado, Wisconsin, and North Carolina have been among the hardest hit by the housing crisis.

Principal Reductions Can Save the Economy... By Saving Homes

Joe Sestak | Posted 10.16.2012 | Politics
Joe Sestak

The failure to prevent the millions of troubled mortgages from becoming delinquent and being foreclosed causes damage not only to individual borrowers who lose their homes, but also to their communities and to the economy as a whole.

Demote, Defang DeMarco

Leo W. Gerard | Posted 10.13.2012 | Business
Leo W. Gerard

This guy, Edward DeMarco, the acting head of the Federal Housing Finance Agency, is deliberately damaging America -- promoting foreclosures, high unemployment and excessive taxes. He has got to go.

Ben Hallman

DeMarco's Newest War

HuffingtonPost.com | Ben Hallman | Posted 08.09.2012 | Business

Edward DeMarco has opened up a new front on his war against principal reduction. On Thursday, the Federal Housing Finance Agency, which DeMarco ov...

Neil Barofsky Finds A New Reason To Call Tim Geithner A Jerk

The Huffington Post | Alexander Eichler | Posted 08.07.2012 | Business

It's starting to look like Neil Barofsky and Timothy Geithner are never going to get along. In a Monday column for Reuters, Barofsky, the former sp...