According to CNBC.com, former Federal Reserve Chairman Alan Greenspan said the US is “nowhere near the bottom” of the housing slump and is “right on the brink” of a recession.
These remarks greatly contrast what Mr. Greenspan said, in [...]
The New York State Commission of Investigations reported that the state’s mortgage borrowers need more regulatory protection from predatory lenders, according to CNNMoney.com. Predatory mortgage brokers were able to take advantage of loopholes [...]
President Bush finally signed into law this morning the housing relief bill that seemed, until two weeks ago, as if it wouldn’t get signed (see the President’s comments from last week), after months of effort by its co-authors, Senators [...]
Below is an article from HousingWire.com, written back in December, 2006. The article clearly states that “billions of dollars” will be lost and that the then looming foreclosure crisis will be “one of the worst foreclosure [...]
Whether people agree or disagree with the Housing Bill that was passed by the House on Wednesday, and is expected to be passed by the Senate next week, every homeowner, including homeowners barely affected by the foreclosure crisis and/or potential [...]
In 2007, mortgage brokers and loan officers received huge payouts by lenders like Countrywide, Bear Stearns and IndyMac to put unsuspecting borrowers into expensive loans (supbrime, ALT-A., etc.), according to the Department of Housing and Urban [...]
The Southern California housing market has been crushed over the last seven months, as foreclosure rates continue to soar and home prices further depreciate.
The City of San Diego, in an effort to curb the foreclosure problem, has filed a lawsuit [...]
Last week, at a Houston fundraiser for Republican congressional candidate Pete Olson, President Bush asked for the TV cameras in the room to be shut off. Unaware that iPhones exist, and that someone could be recording him with such a device, [...]
Yesterday, the White House renewed its threat to veto the housing bill that will be voted on tomorrow by the House if it contained a $4 billion block grant program for states to buy foreclosed homes (in order to get foreclosed homes off the [...]
CNN and the AP reported today that foreclosures in the state of California rose in the second quater to the “highest level in at least 20 years.”
DataQuick Information Systems also says in its report Tuesday that the number of default [...]