Conflicted Out - Fannie and Freddie Should Serve Just One Master
Why are Fannie Mae and Freddie Mac, both government-sponsored and backed by taxpayer dollars, still publicly traded?
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HuffPost's QuickRead
The Housing Market's Double Bubble: The Big One Still Has Yet To Pop
In every modern recession, the fall in housing prices follows the economy slowing down. What we have yet to see is the falling economy's effect on housing prices.
Upside Down! Before You Walk Away Know Your Mortgage Options
I know if I was in this situation I would want to know all the facts before walking away and living in coulda, shoulda, woulda land.
Serious Straw Bale Homes...No, Seriously.
Think of it: a beautiful home with no mortgage that's environmentally-responsible with almost no heating and cooling costs due to fantastic insulation.
Imminent Death of Down Payment Assistance for Minorities
It is bad enough that homeownership rates for blacks and Latinos are close the 30 percentage points below that of whites, but the housing crisis affecting cities is threatening the vitality of neighborhoods.
Subprime Mortgage and Student Loan Parallels
Unlike a house, you can't sell your education to try to pay down your debt.
Inside Ed McMahon's Money Mess
"Being Ed McMahon was an expensive proposition." A lot of cash "went to tips," noted Fisher, who recalled walking through hotels with McMahon as he would hand out money to anyone who helped him.
Mortgage Crisis Suicide? Wife and Mother on Verge of Losing Home Kills Herself
Police in Taunton, Mass., report today that Carlene Balderrama, 53 shot herself to death Tuesday afternoon -- 90 minutes before her foreclosed home was scheduled to be sold at auction.
My Lesson Learned: Simple Tips To Prevent You from Losing Your Shirt
Most sub-prime borrowers know the risk they are taking, but isn't the American dream about home ownership? Credit is the too-easy cure for the sub-prime borrower's eroded self-esteem.
Deregulation and the Financial Crisis
The current crisis is the predictable (and predicted) result of a massive U.S. housing bubble, which itself can be traced in part to global economic imbalances that could have been prevented.
Obama Rejected Illinois Rent Control Ban
Anyone who follows Obama's record in the State Senate understands his background -- where his vote against a rent control ban in Illinois was just one example.
Sucking Up to the Bankers: A Bipartisan Lovefest
Both of our leading presidential candidates are scrambling to enlist the "expertise" of the very folks who advocated the financial industry deregulations at the heart of this meltdown.
1-888-995-Hope: Hope For Housing Markets?
Locking people who are struggling into rates now -- ahead of massive downward rate pressures -- may not be the gift of century.
Do Big Homes Mean Bigger Happiness?
The funny thing is, while homes get bigger, and this McMansion trend swallows up neighborhoods and landmarks, families are actually getting smaller.
This Crisis Has Many Faces
As foreclosures have mounted and bank lending has become extremely scarce, consumers have begun pulling in their horns, bringing the U.S. economy to the brink of recession.
The Global Impact of the Subprime Crisis
Is it now true that the only way the US can maintain its standard of living is by exporting bogus wars and bad debt to foreign countries?
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$1 Detroit House Sells After 19 Days
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They paid too much.
And the brokers and agents went nuts trying to split the $.06 commission.
actually the buyer negotiated a $.03 commission after realizing how desperate the broker and the agent were to make a sale. So you can imagine how nuts the two really went trying to split a penny.
Take a look at Google maps of Detroit you see lots and lots of lots where the houses have been demolished. Perhaps enviros should be buying them demolishing them and let nature reclaim the land-indeed it would be after humans are gone just like that TV show on cable.
Urban prarie is NOT the natural state of things for Michigan. Now if they were to reforest, then maybe... but it'd be a big maybe.
Michigan is in Depression. Has been for over a year.
My heart goes out to the people who lost their home. To watch a house be destroyed like that when the bank could have PAID them to stay and protect it is just heart rending. As a former home-owner (I was fortunate to be able to sell, and did not lose it), I know how much work and care goes into owning a home. You fall in love with it. To see a home go this way unnecessarily --it just defies logic.
Jon Stewart is right. It's ridiculously difficult to satirize the Bush Administration.
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