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.
Monday, October 04, 2010
By Beth Fertig
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.
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.
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.
Thursday, August 12, 2010
By Charlie Herman : Business and Economics Editor
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.
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?
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."
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.
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.
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.