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Foreclosures

The Takeaway

A Possible Moratorium on Foreclosures

Wednesday, October 13, 2010

At least 40 states' attorneys general across the country will launch an investigation into the mortgage servicing industry today, which will possibly result in a push for a national moratorium on foreclosures. If they do, it comes as a response to recent announcements by several major banks, who admitted submitting fraudulent or erroneous documents in their foreclosure programs as they worked through massive amounts of foreclosure paperwork.

 

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WNYC News

More City Students Affected by Foreclosures

Monday, October 04, 2010

The number of public school students affected by foreclosure is growing, according to a study by New York University's Furman Center for Real Estate and Public Policy. More than 18,500 students were affected in the 2006-2007 school year -- a 59 percent increase from three years earlier.

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The Brian Lehrer Show

Foreclosures, by the Numbers

Thursday, September 30, 2010

Rick Sharga, senior vice president at RealtyTrac, a housing data provider, looks at their new report on first half 2010 foreclosures.

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WNYC News

New Program Aimed at Deterring Real Estate Speculators

Friday, September 24, 2010

A new citywide program is enlisting pro bono architects and engineers to survey dilapidated buildings in foreclosure. The idea is to paint a more realistic picture of what the properties are actually worth.

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The Brian Lehrer Show

Foreclosures and Poverty on the Rise

Friday, September 17, 2010

Gretchen Morgenson, business writer for the New York Times, discusses the recent report that last month was the biggest month for foreclosures ever. And David Jones of the Community Service Society looks at yesterday's Census numbers showing poverty on the rise in the U.S., and how his organization is combating poverty here in New York.

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WNYC News

Foreclosures Rise In July But Down from Last Year

Thursday, August 12, 2010

The number of homeowners receiving a notice of foreclosure increased nearly 4 percent from June to July according to the online foreclosure tracking company RealtyTrac. One in every 397 U.S. housing units received a foreclosure filing last month. “Filings” covers default notices, home auctions and bank repossessions.

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The Takeaway

Government's Role in Country's Ever-Collapsing Housing Market

Tuesday, July 20, 2010

The number of foreclosures on houses in the United States is growing at a rapid rate. The signs of a broken housing market have permeated nearly the entire country. With the federal government now in control of mortgage finance giants Fannie Mae and Freddie Mac, is it fair to blame the feds for the crisis?

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The Takeaway

Seeing the Signs of a Wrecked Housing Market

Friday, July 16, 2010

The statistics are staggering. Nearly 528,000 homes were taken over by lenders in the first half of this year and the country is on track to see the repossession of one million homes by the end of 2010. By comparison, in years past, lenders have historically taken over approximately 100,000 homes every year.  

Grosse Pointe, Michigan resident, David Fleig sees signs of the damaged housing market everyday in his neighborhood. Fleig says, "The 'For Sale' signs are like weeds." He and his neighbors joke that all houses are "50 percent off."

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WQXR News

2010: Record Number of Foreclosed Homes

Thursday, April 15, 2010

New data out today shows that a record number of U.S. homes were lost to foreclosure in the first three months of this year. The Associated Press reports that's a sign banks are starting to get through the backlog of troubled home loans faster.

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The Takeaway

Choosing Foreclosure as Home Values Dip

Monday, February 08, 2010

As home values fall, more and more homeowners are walking away from their mortgage payments and foreclosing on their properties. And some say this is the right decision.

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The Takeaway

Federal Housing Administration Struggles as Defaults Rise

Wednesday, February 03, 2010

The Federal Housing Administration used to be a little-known government agency before the housing meltdown. But when Fannie Mae and Freddie Mac collapsed, the FHA started backing more and more loans to homeowners. Now, a growing number of borrowers are defaulting on loans backed by the FHA — and some are wondering if the FHA itself might soon need a bailout.

We find out how the agency is trying to weather the storm created by increased lending. We also get a first-hand look at how the housing crisis is affecting Cleveland, Ohio.

 

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The Takeaway

First Take: Foreclosures, Gays in the Military, Super Bowl Food

Tuesday, February 02, 2010

UPDATED: 7:55 PM

Alex Goldmark here watching over the night shift.

A few things have changed since Anna's last post. We've been reading between the lines of some interesting comments about Don't Ask Don't Tell today. General Gates told a Congressional hearing: “If legislation is passed repealing the law, we feel strongly we will need time for implementation of that change.” Well, what changes exactly? How does officially recognizing that someone is gay change the way you treat them or the institutions of the military? And what are the potential ripple effects of altering the way gays are treated in the military that might go beyond life in uniform?

On a side note, we're having a fierce debate here on how much humor is appropriate, if any, for this topic. One producer has concientiously objected to pulling and editing some movie clips that others here think might lighten the tone and mood of the interview tomorrow. Tune in to see who gets their way.

We're also going to hear from the Boy Scouts. They are turning 100 years old this year, and in honor of that milestone they are making a special effort to reach out to hispanic youths.

Our deficit explanations (referenced below) that Anna was hunting down before might have to wait until Thursday. So goes live radio.

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