Markets

The Newest Attempt To Help Struggling Homeowners Is Already Failing

[credit provider=”AP”] Banking regulators this week launched the government’s latest attempt to help troubled homeowners — the Independent Foreclosure Review — heralding it as a thorough and fair way to compensate homeowners victimized by big banks.But early indications are that this program, like earlier efforts, has fundamental flaws.
The Newest Attempt To Help Struggling Homeowners Is Already Failing
News

The White House Admits It Has No Clue If Its New Housing Plan Will Work

[credit provider=”AP Photo/Susan Walsh”] President Barack Obama will trumpet the new mortgage refinance rules announced today by the Federal Housing Finance Agency — but his administration admits it has no idea how many people they will help.The new rules eliminate the loan-to-value ceiling under the Home Affordable Refinance Program allowing more underwater […]
The White House Admits It Has No Clue If Its New Housing Plan Will Work
Markets

12 Depressing Facts About The Massive Housing Slump That Just Won’t End

[credit provider=”Håkan Dahlström” url=”http://www.flickr.com/photos/dahlstroms/4083220012/”] The data on the 2010 housing market is in, and it doesn’t look good.High unemployment, record bankruptcies and dropping prices are just a few of the issues nagging home sales. Thus 2011 might not be the year the recovery finally comes.
12 Depressing Facts About The Massive Housing Slump That Just Won’t End
Markets

Watchdog Says Mortgage Modification Program Failed

Neil Barofsky, who was appointed special inspector general for bank bailouts, recently spoke before Congress and did not mince words when addressing the Home Affordable Modification Program’s lack of success, according to a report from USA Today. He called it a “failure” with a record for helping consumers that “has […]
Watchdog Says Mortgage Modification Program Failed
News

GONZALO LIRA: The Coming Middle-Class Anarchy

True story: A retired couple I know, Brian and Ilsa, own a home in the Southwest. It’s a pretty house, right on the manicured golf course of their gated community (they’re crazy about golf).
GONZALO LIRA: The Coming Middle-Class Anarchy