Thursday, October 23, 2014
Thursday, February 20, 2014
Also on Today's Show: Since the foreclosure crisis, a growing number of specialty firms known as servicers have emerged...Could student loan debt be having adverse affects on the housing market? Housing experts say that fewer young people are buying homes and even for those who are trying, they are having a hard time getting loans...The men's hockey semifinals begin this weekend in Sochi, and the United States will face off against Canada, Sweden and Finland. As the world’s greatest players take to the ice, what chance does the U.S. stand?
Wednesday, October 23, 2013
It's Housing and Urban Development Week on the Brian Lehrer Show's election series "30 issues in 30 Days." See the full 30 Issues schedule and archive here.
Charles Bagli, New York Times reporter and author of Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made, discusses how the next mayor would approach development and building infrastructure to account for more density.
Thursday, April 04, 2013
Charles Bagli, New York Times reporter and the author of Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made, explains the housing crisis through the prism of the Stuyvesant Town/Peter Cooper Village sale-gone-bad.
Monday, October 01, 2012
Nearly three years have passed since the foreclosure crisis hit rock bottom in New York City. But the Obama administration's program to help struggling homeowners has had mixed results in Southeast Queens.
Friday, February 10, 2012
On Thursday the government approved a $26 billion settlement for homeowners who’ve been foreclosed upon or are currently at risk. Approximately two million Americans will get a $1,800 settlement check, which is a lot of people but not a whole lot of money: the Joint Economic Committee of Congress found that the average foreclosure in 2008 cost $7,200. This money also won't cover losses accrued by local governments who lost tax revenue, or neighbors whose own property values fell.
Tuesday, December 27, 2011
Local governments across the country are only now starting to feel the worst effects of the now five-year-old housing crisis. As property assessments finally start to reflect falling home values, local tax revenues will take a hit. However, many experts agree that this is only the beginning for these burgeoning deficits, as home values will continue to decline into 2012 and 2013. Where local governments can make up this difference remains unclear.
Tuesday, December 20, 2011
A series of recent filings from the Securities and Exchange Commission bring new charges against executives at Fannie Mae and Freddie Mac. The SEC claims executives misled investors about Fannie and Freddie's exposure to subprime mortgages in the two years leading up to the housing market collapse. It is unusual to hear a defense of the mortgage giants — conventional wisdom holds that their risky loans were at the heart of the financial crisis from the beginning. But writing in his New York Times op-ed column, Joe Nocera argues that the SEC's latest complaint shows "how desperate the SEC has become to bring a crowd-pleasing case."
Friday, December 02, 2011
The American Southwest has seen their once thriving housing and construction industries decimated by the recession. Economists have suggested that the region may never fully rebound from the historic housing crisis it faced. Fronteras, a multimedia collaboration focusing on the Southwestern border between the United States and Mexico, led by KJZZ in Phoenix and KPBS in San Diego, has produced a week-long series that asks the question: How do we rebuild the Southwest?
Tuesday, October 25, 2011
The Obama administration announced Monday that it will try and expand HARP, the Home Affordable Refinance Program, to reach to at least one million more people. HARP was introduced in 2009 to help underwater borrowers refinance their mortgages. At the time the administration predicted HARP would help millions of homeowners. But after two and a half years, less than 900,000 homeowners have refinanced under HARP. New changes to HARP will make it possible for homeowners whose mortgages are severely underwater to participate.
Monday, October 24, 2011
By Charlie Herman : Business and Economics Editor
The NY Federal Reserve Bank played a key role in the 2008 bank bailout. Its chief says he understands why there is anger directed at the bailouts, but the country needs to focus on how to make the economy healthier going forward.