Foreclosure Crisis

Home Ownership Hits Lowest Level Since 1965

NEW YORK (Source: CNNMoney By Les Christie) – As the foreclosure crisis continues to wreak havoc on the housing market, a source of national pride has taken a sour turn. Home ownership is on the decline and, according to a [...]


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Mortgage Industry ‘Didn’t Think Borrowers Were Worth Helping’

(Source: Pro Publica by Lois Beckett) – Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair’s revealing exit interview by the New York Times’ Joe Nocera has generated plenty of buzz. But while the interview provided a comprehensive look at [...]


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Bank of America Calls Attention to the Good Things it Does

(Source: North Jersey BY RICHARD NEWMAN) – Bank of America, which has been a lightning rod for criticism and lawsuits amid the nation’s worst-ever home foreclosure crisis, wants to call attention to itself — for a good reason. The country’s [...]


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After Ruling Halted N.J. Foreclosures, Experts Fear Deluge of Filings

(Source: By Sarah Portlock / The Star-Ledger) – In the past six months, an eerie feeling has settled in the offices of housing counselors and attorneys who confront the foreclosure crisis head-on and help distressed homeowners in New Jersey. The [...]


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Cummings Seeks Bank Subpoenas on Foreclosure Crisis

(Source: Baltimore Sun) – Baltimore Rep. Elijah E. Cummings on Wednesday requested that the House Oversight Committee issue subpoenas to six banks he said have refused to voluntarily provide documents detailing their role in the mortgage foreclosure meltdown.


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