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Homeownership Rate Declines to 15-Year Low
Keywords:
The home ownership rate for the U.S. in March 2012, is 65.4%, the same rate as in 1997 before the housing bubble, according to the U.S. Census Bureau. The irony of this is that the housing bubble was inflated by politicians in Congress and mortgage lenders and purchasers of mortgage securities. Fannie Mae and Countryside worked together ostensibly to promote home ownership while pursuing profits. In the case of politicians they pursued goals of raising employment and growth without understanding the risks of artificially inflating home ownership, and without consideration for incomes of subprime borrowers. A less benign view of the interests and goals of politicians comes from reflections on the impact of political lobbying by Fannie Mae and other housing lenders in the U.S. Congress. The consequences in terms of foreclosures have been devastating for minorities as well as other middle class homeowners. It has also damaged the U.S. banking system, credit growth in the economy and prospects for recovery, which will take years to correct. The federal government is also saddled with large losses at Fannie Mae because of its quasi government agency role. That role led to inflation of the bubble. Most of the consequences will be borne by middle and lower income households in the U.S. The pass-through effects in a global economy affect Europe, and emerging market countries.
2008 subprime mortgage securities financial crisis
08/05/2007
Financial crisis from the widespread distribution of securities created from pools of subprime mortgages in the portfolios of finacil institutions around the globe. How credit rating agencies helped create the crisis by giving A ratings to these securities which were then widely distributed as credit worthy.
Grouped Articles
BusinessWeek 04/01/2010
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Recipes for Ruin, in the Gulf or on Wall Street
New York Times 06/11/2010
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
New York Times 02/05/2013
S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation
Wall Street Journal 02/04/2015
Wall Street Journal 02/27/2008
Actions to shore up confidence in financial markets in the 2007 subprime mortgage crisis
09/12/2009
Efforts to limit the damage from the mortgage crisis especialy to the healthier financial institutions and to overall financial markets. Actions taken within the market by financial institutions themselves to shore up confidence or to make good investments.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
Bonds backed by Mortgages Regain Allure
New York Times 02/18/2012
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03/19/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Bank of America mortgage unit
01/05/2009
The effort to cleanup 1.3 million delinquent loans, a large part of which came with the acquisition of Countrywide Financial in 2008. Countrywide led by Mozilo is said to be one of the largest firms behind the mortgage mess.
Grouped Articles
BofA's Blunder: $40 Billion-Plus
Wall Street Journal 06/29/2012
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Finally, Borrowers Score Points
New York Times 06/11/2010
Court Weighs Penalty in Bank of America 'Hustle' Case
Wall Street Journal 12/06/2013
Angelo Mozilo of Countrywide Settles Fraud Case for $67.5 Million
New York Times 10/15/2010
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Edward DeMarco, head of the U.S. Federal Housing Finance Agency and underwater mortgage borrowers in the U.S.
08/31/2011
The Federal Housing Finance Agency was formed in 2008 by merging two existing regulatory agencies and given additional powers. Later that year Fannie and Freddie were taken over by the U.S. government. FHFA acts as the independent regulatory agency for Fannie Mae and Freddie Mac. FHFA's head, Edward DeMarco, sees his mandate as protecting the taxpayer from losses and this leads to reluctance to support steps to help underwater mortgage borrrowers with reduction in payments. Sheila Bair, former head of the FDIC, says she understands its not the FHA's mandate to provide fiscal stimulus, and the Obama administration has been all over the place in its policies for troubled homeowners. The result of the muddled policies of the federal government and agencies is the lack of help for troubled homeowners, and larger headwinds to Fed policies to give the U.S. economy momentum.
Grouped Articles
Big Job: Agency Oversees Half of Nation's Mortgages
Wall Street Journal 05/02/2013
Fannie, Freddie: Can't Live With 'Em, Can't Live Without 'Em
Wall Street Journal 05/04/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Federal Housing Administration in the Black for First Time Since 2011
Wall Street Journal 11/18/2014
An Accidental Housing Chief Embraces the Power of 'No'
Wall Street Journal 08/31/2011
Big Banks Face Suits on Mortgage Bond Losses
Wall Street Journal 09/03/2011
FDIC investigation of Washington Mutual (WaMu)
01/05/2009
A lawsuit is filed by the FDIC against 2 WaMu executives and their wives for their role in the mortgage crisis.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
J.P. Morgan Reaches $4.5 Billion Settlement With Investors
Wall Street Journal 11/17/2013
New York Times 04/01/2009
FDIC Sues WaMu Executives, and Wives
Wall Street Journal 03/18/2011
New York Times 08/22/2011
Fannie and Freddie don’t deserve blame for bubble - The Washington Post
Washington Post 01/28/2012
Large U.S. Banks and the Federal Housing Finance agency 2011 lawsuit over mortgage losses
09/01/2011
Legal action against large financial institutions over mortgage losses.
Grouped Articles
Big Banks Face Suits on Mortgage Bond Losses
Wall Street Journal 09/03/2011
U.S. Said to Be Ready to Sue Banks Over Mortgages
New York Times 09/01/2011
Wall Street Journal 09/07/2011
California Pulls Out of Foreclosure Talks
Wall Street Journal 09/30/2011
U.S., Banks Agree on Foreclosure Pact
Wall Street Journal 02/09/2012
Settlement Lifts Hopes For Housing Recovery
Wall Street Journal 02/10/2012
National Credit Union Administration in the U.S. is suing J.P. Morgan Chase and Royal Bank of Scotland (RBS) for mortgage losses
01/20/2009
The National Credit Union Administration (NCUA) suffered losses on $50 billion of morgage bonds after the failure of four large credit unions. The NCUA is suing banks for the losses suffered because of misleading information.
Grouped Articles
Regulatory Headaches Worsen for J.P. Morgan
Wall Street Journal 08/19/2013
J.P. Morgan Reaches $4.5 Billion Settlement With Investors
Wall Street Journal 11/17/2013
Legal Costs Set to Put RBS in the Red
Wall Street Journal 01/28/2014
Wall Street Journal 01/28/2014
Feds Sue Bankers Over Fall in Bonds
Wall Street Journal 06/21/2011
British Regulator Takes Partial Blame for R.B.S. Failure
New York Times 12/13/2011
Problems with mortgage servicing that hurt investors as well as borrowers.
12/18/2010
The role of mortgage servicers that deepens the mortgage housing crisis in the USA.
Grouped Articles
Mortgage-Servicing Methods, Exposed in a Court Case
New York Times 12/18/2010
Banks Offer Own Mortgage-Servicing Plan
Wall Street Journal 03/29/2011
Conflicts Seen in Mortgage Reviews
Wall Street Journal 07/18/2011
New York Times 08/22/2011
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Goldman Sachs, Paulson, and the S.E.C. suit in the Abacus case.
05/04/2009
Paulson had Goldman Sachs structure as ecurity out of handpicked bad apples in the mortgage securities market, Goldman then sells these securities to institutional investors without disclosing what Paulson had done and without disclosing that Paulson had bet heavily against them.
Grouped Articles
BusinessWeek 04/01/2010
New York Times 04/17/2010
Abacus Deal: As Bad as They Come
Wall Street Journal 04/20/2010
Wall Street Journal 04/20/2010
Economist 04/29/2010
SEC Tries to Rebuild Its Reputation
Wall Street Journal 09/12/2013
New mortgage servicing standards in the U.S.- 2011-2012
03/29/2011
Grouped Articles
Banks Offer Own Mortgage-Servicing Plan
Wall Street Journal 03/29/2011
FDIC Proposes Rule to Tie Banks to Mortgage Risk
New York Times 03/30/2011
Conflicts Seen in Mortgage Reviews
Wall Street Journal 07/18/2011
New York Times 08/22/2011
Settlement Lifts Hopes For Housing Recovery
Wall Street Journal 02/10/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
FDIC and new rules for executive pay, mortgage risk, revamping of failed banks in the U.S.
01/15/2010
Grouped Articles
Banks Are Pressed to Expand 'Living Wills'
Wall Street Journal 04/15/2013
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
S.E.C. Proposes Greater Disclosure on Pay for CEO's
New York Times 09/18/2013
A Better Way to Compare C.E.O. Pay
New York Times 09/21/2013
FDIC Set to Weigh Pay Revamp, Liquidation Authority
Wall Street Journal 01/13/2011
U.S. Seeks to Defer Portion of Bonuses
Wall Street Journal 02/05/2011
Spain and default on residential mortgages
02/25/2010
The housing market and banks in Spain, and the extensive system of mortgage modification in place to mitigate housing losses.
Grouped Articles
The Pain in Spain Falls Mainly on the Cajas
BusinessWeek 02/25/2010
Spain's Banks Boost Books by Refinancing Loans to Homeowners
Wall Street Journal 11/07/2013
Leading the Charge Against Spainâs Mortgage Crisis
New York Times 12/20/2013
Spain Still Suffering Fallout From Housing Bust
Wall Street Journal 05/28/2014
Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers
Wall Street Journal 04/14/2015
Wall Street Journal 12/17/2010
Senior citizens and the effects of mortage overselling on their lives.
02/20/2009
The effects on minorities of mortgage reverse redlining has drawn attention, but the effects on seniors living on social security trapped in mortgages they cannot afford has not received as much attention.
Grouped Articles
Newly Poor Swell Lines at Food Banks Nationwide
New York Times 02/20/2009
Elderly Emerge as a New Class of Workers -- and the Jobless
Wall Street Journal 02/23/2009
Older Borrowers, Out in the Cold
Wall Street Journal 04/14/2009
Consumers Need a Credit Watchdog
BusinessWeek 07/15/2009
Martin Luther King Jr. Would Want a Revolution, Not a Memorial
New York Times 08/25/2011
Carolyn Hax: What happens when parents go broke during their golden years - The Washington Post
Washington Post 11/18/2011
The U.S. federal mortgage loan modification program in 2010.
06/12/2009
The dim prospects for mortgage loan modification programs of the Obama administration. Two out of three loan modifications under the federal Home Affordable Modification Program (HAMP) program expected to fail, and the failure under HAMP to move quickly by dealing directly with homeowners.
Grouped Articles
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
New York Times 08/21/2010
Obama Successes Outweighed by Job Losses
New York Times 10/26/2010
State Attorneys General Take Helm in Mortgage Mess
New York Times 10/29/2010
The shifting nature of the mortgage crisis as prime borrowers are affected.
10/25/2009
In October 2009, Elizabeth Warren of the governments bailout watchdog group, points out that the governments mortgage policy is no longer working, as a different group of borrowers are in trouble These are borrowers who are not subprime borrowers and are not getting any help.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Obama Promises Butchers No New Financial Regulations
Unknown 10/25/2009
U.S. Will Push Mortgage Firms to Reduce More Loan Payments
New York Times 11/29/2009
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
A delicate balancing act for the Federal Reserve to withdraw support that puts a dark cloud over the economy..
10/01/2009
Incrementally withdrawing support where and when possible will be a tough act for the Fed, after the Fed has committed $1 trillion so far as support to debt securtization markets that breathe life into the USA economy. Shiller says these markets are dead, we are stuck, and no one knows what will happen if they are hobbled for corporate real estate, mortgages, auto loans.
Grouped Articles
Wall Street Journal 08/01/2013
Fed Must Consider the World and All U.S. Employment
Wall Street Journal 04/09/2015
How the Fed Can Avoid the Next Bubble
Wall Street Journal 10/06/2009
Paralysis in the Debt Markets Is Deepening the Credit Drought
New York Times 10/07/2009
New Order: No Money, No Problem
Wall Street Journal 10/07/2009
Fed Frets About Commercial Real Estate
Wall Street Journal 10/07/2009
Attorneys General Coakley, Cordray, Madigan, and legal action against large U.S. financial institutions.
01/20/2010
Lawsuits by states against U.S. banks on behalf of homeowners with mortgages and others who suffered losses.
Grouped Articles
Vote Ushers In New Era in Oversight of Lending Practices
New York Times 07/16/2013
J.P. Morgan Reaches $4.5 Billion Settlement With Investors
Wall Street Journal 11/17/2013
Ohio Attorney General Takes Strong Stand on Crisis
New York Times 10/11/2010
State Attorneys General Take Helm in Mortgage Mess
New York Times 10/29/2010
How the Banks Put the Economy Underwater
New York Times 10/30/2010
Bank Challenger Picked to Run Consumer Agency
Wall Street Journal 07/18/2011
The $26 billion U.S. mortgage settlement of Feb. 2012 between state attorneys general and the banks
02/09/2012
An estimated $17 billion of this would go to homeowners. Experts say this is good for the banks by reducing legal uncertainty and for attorneys general of states, but it is likely to do too little to significantly change the difficult situation in the housing market. This is because there is an estimated total of $700 billion in negative equity that 11 million homeowners under water have in the housing market, according to Capital Economics in London cited by Morgan Gretchenson in the New York Times, Feb. 12, 2012. The 17 billion is about 2.4% of this total.
Grouped Articles
J.P. Morgan Reaches $4.5 Billion Settlement With Investors
Wall Street Journal 11/17/2013
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
Settlement Lifts Hopes For Housing Recovery
Wall Street Journal 02/10/2012
Q&A: What Homeowners Need to Know on the Deal
Wall Street Journal 02/10/2012
Wall Street Journal 02/09/2012
Banks Still Looking for Closure
Wall Street Journal 02/10/2012
Takeover of Fannie and Freddie by the government
09/08/2008
The weeks before the takeover and the work of Secretary Paulson and Ben Bernanke.
Grouped Articles
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/2013
White House Rejects Fannie-Freddie Recapitalization Plans
Wall Street Journal 11/23/2013
Plan for Mortgage Giants Takes Shape
Wall Street Journal 03/12/2014
Putting the Hit on Fannie, Freddie
Wall Street Journal 03/12/2014
Senators Draft Housing Finance Overhaul
New York Times 03/11/2014
Few Stand to Gain on This Bailout, and Many Lose
New York Times 09/08/2008
Treasury Secretary Paulson and the U.S. Economy
01/28/2008
What Secretary Rubin did in the Clinton Administration during the Mexican economic crisis and the other Asian economic Secretary Paulson is now doing at home as the US faces its own economic risks.
Grouped Articles
Paulson’s Deal-Making Revives Treasury’s Relevance
New York Times 01/28/2008
Treasury’s Got Bill Gross on Speed Dial
New York Times 06/21/2009
HBO’s ‘Too Big to Fail’ and the politics of portrayal - The Washington Post
Washington Post 05/24/2011
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party
Wall Street Journal 01/02/2009
Obama and McCain, Presidential candidates 2008, and their ties to Fannie Mae and Freddie Mac.
07/23/2008
The important role Fannie and Freddie lobbyists play in the campaigns of Obama and McCain at the highest level would make one rethink of them as agents of change very seriously. Both are promoting their own careers but in this they were promoting their own careers at the risk of the national interest as without the hard and timely work in 3 to 4 weeks of Secretary Paulson, Ben Bernanke and others, the collapse of Fannie and Freddie would have endangered the American and one could also say the world economy.
Grouped Articles
How John McCain Turned His Clichés Into Meaning
New York Times 12/18/2013
Wall Street Journal 07/23/2008
For ’08 Rivals, a Skein of Ties to Loan Giants
New York Times 09/10/2008
Cost of Fannie And Freddie Keeps Rising
New York Times 06/19/2010
Wall Street Journal 11/16/2010
Wall Street Journal 07/12/2011
After the first 100 days of the Obama administration, needed is an action plan for bank rescue.
03/11/2009
Leonhardt, Raghuram Rajan, the Economist and others offer their ideas on the bank rescue action plan. The first 100 days of the Obama adminsitration leave the difficult issues of bank rescue, and the related problem of foreclosures in housing unresolved. A new action plan is needed, and the government appears only to be recycling new versions of the Paulson plan.
Grouped Articles
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
This Is Not a Test. This Is Not a Test.
New York Times 03/11/2009
Economists Seek Breakup of Big Banks
Wall Street Journal 04/21/2009
Big Regional Banks Report Losses Tied to Bad Loans
Wall Street Journal 04/22/2009
Long Odds? Three Scenarios for the Economy's Path
Wall Street Journal 04/23/2009
Rep. Frank Slows Market Regulation Bill
Wall Street Journal 04/23/2009
Faces in the US housing and foreclosure crisis- 2010-2012
01/12/2009
Foreclosures have affected the lives of people in all segments of US society.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
Faces of the Home-Foreclosure Crisis
Wall Street Journal 12/29/2010
Failure to stem foreclosures under the Obama administration continues inaction under Bush administration.
08/24/2007
The failure of the Obama administration to break the cycle of foreclosures begetting falling house prices begetting more foreclosures, further weakening the banks and the economy, with strong action. It continues the missteps of the Bush period and may undo much of the good work in other areas such as stimulus, restructuring the auto industry and new priorities. Inaction here is coupled with inaction in relation to insolvent banks and is likely to prove costly.
Grouped Articles
New York Times 07/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
Foreclosures and unemployment in the U.S.
05/04/2009
The Obama administration foreclosure relief programs were designed for subprime lending situations and not for the high unemployment. As a result few unemployed homeowners have benefitted.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
Foreclosures shift to upper tiers of the housing market in 2009
01/15/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Foreclosures Grow in Housing Market's Top Tiers
Wall Street Journal 10/13/2009
U.S. Will Push Mortgage Firms to Reduce More Loan Payments
New York Times 11/29/2009
Program to Modify Loans Loses Steam
Wall Street Journal 08/21/2010
Wealth gap widens between whites, minorities, report says - The Washington Post
Washington Post 07/26/2011
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Homeowners facing foreclosure and lack of any meaningful help.
09/29/2008
Lack of any meaningful help to homeowners facing foreclosure upto the Lehman Fannie crisis, and the failure to provide any significant help to homeowners in the $700 billion Sept 2008 bailout plan targeted mostly at freeing up the credit markets.
Grouped Articles
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 10/02/2008
Rescue Includes Steps to Help Borrowers Keep Homes
Wall Street Journal 09/29/2008
Card Firms' Loss Tally: Billions of Dollars in Fees
Wall Street Journal 05/22/2009
Consumers Need a Credit Watchdog
BusinessWeek 07/15/2009
Krugman on the Obama Administration, banks, settlements and the U.S. foreclosure crisis in 2011
01/02/2009
Failure of the Obama administration to reduce foreclosures and help homeowners. A worsening foreclosure situation leads to a continuing decline in housing prices and hampers an economic recovery in the U.S. This is something Martin Feldstein grasped very early during the 2008 financial crisis and made proposals for helping homeowners under water.
Grouped Articles
Washington Post 09/06/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
Negative Equity in homes as a huge drag on the economy.
01/24/2010
2.4 million foreclosures estimated for 2009 by Moody's Economy.com on top of 2 millon in 2008.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Underwater, but Will They Leave the Pool?
New York Times 01/24/2010
Anger Over Foreclosures Exposes Political Divisions
New York Times 10/11/2010
Wall Street Journal 10/26/2010
Pine Tree Legal Assistance, and Nicolle Bradbury of Denmark, Maine, challenge a GMAC foreclosure, which sets off legal challenges across the USA.
01/05/2009
Attorney Generals of many states across the US initiate challenges to foreclosures, after the successful challenge in the Maine case.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Out of Maine, a National Foreclosure Freeze
New York Times 10/14/2010
Banks Ignored Signs of Trouble in Foreclosures
New York Times 10/13/2010
Florida Foreclosure Lawyers Are Scrutinized Over Procedures
New York Times 10/15/2010
New York Times 10/14/2010
State foreclosure mediation programs in the U.S. for mortgage workouts in 2010-2011
06/16/2010
Loan modification is being achieved in states that mandate foreclosure mediation with a 3rd party mediator. States doing this successfully include New York and Connecticut. Spain has mitigated the impact of its housing crisis through extensive system of mortgage workouts that are benefiting both the banks, the homeowners, and the economy. In the US the banking industry has failed to take the lead in this area and the US government has failed to take effective action. Roubini predicts large housing losses in the US in 2011.
Grouped Articles
Spain's Banks Boost Books by Refinancing Loans to Homeowners
Wall Street Journal 11/07/2013
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
States Try to Force Mortgage Workouts
Wall Street Journal 12/31/2010
Only 1 in 4 Got Mortgage Relief
Wall Street Journal 02/28/2011
Mortgage Modification Overhaul Sought by State Attorneys General
New York Times 03/04/2011
Attorneys General May Be Rushing Proposal for Loan Servicers
New York Times 03/12/2011
The Federal Reserve and policies favoring banks over homeowners in U.S. foreclosures
04/01/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 04/01/2009
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
The homeowner lending boom pushed by unscruplous elements turns out to be a scourge for minorities.
10/11/2007
HUD Sec. Shaun Donovan calls the subprime lending a scourge for minorities, as foreclosures are hitting the minority neighborhoods the hardest. It may even widen the disparity in incomes between minorities and whites as the middle class black homeowners in places like New York State are losing ground.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
What would MLK say to President Obama? - The Washington Post
Washington Post 08/28/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
New York Times 05/19/2014
The views and wisdom of Peter Bernstein.
03/30/2008
Peter Bernstein who turned 90, has watched financial markets from the fifties as they recovered from the war and depression. He sees little reassurance from looking at the past and thinking that "the seas will be flat again." He thinks its vital that President Obama tackle the household sector and mortgages first, with forceful action to stop foreclosures by government intervention and compulsory mortgage modification.
Grouped Articles
When the Long View Isn’t So Scenic
New York Times 03/30/2008
One Guy Who Has Seen It All Doesn't Like What He Sees Now
Wall Street Journal 04/26/2008
Put Away the Wish List, and Help Households Bounce Back
New York Times 11/09/2008
How a Modern Depression Might Look -- If the U.S. Gets There
Wall Street Journal 03/30/2009
Peter L. Bernstein, Explainer of Risks of Stocks, Dies at 90
New York Times 06/08/2009
A Year After a Cataclysm, Little Change on Wall St.
New York Times 09/12/2009
U.S. unemployment and foreclosures- 2011-2012
05/04/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
Wealth gap in the U.S. between whites and minorities- devastating impact of the recession of 2008
01/05/2009
Hispanics and blacks counted housing equity as a much bigger part of their assets than whites. The recession and financial crisis of 2008 wiped out fully two thirds of the median net worth of Hispanic families and one half for Black families, with both groups having close to $6000 in total median net worth in 2010, according to data from Pew surveys.The recession has proved to be severe in its impact on minorities, and the election of a black president has done little to improve things- especially considering the dismal record of the Obama administration in helping prevent foreclosures.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Obama, Empathy and the Midterms
New York Times 09/25/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
Geithner Book Reveals Consensus, Not VIsion, During Financial Crisis
New York Times 05/21/2014
A new U.S. housing foreclosure crisis looming for 2010-2011.
10/01/2009
By conservative estimates according to NYT, 2.4 million homes will be lost to foreclosure in 2010. The faulty documentation poses a serious problem for banks, as they may be forced to buyback the mortgage securities sold improperly.
Grouped Articles
Wall Street Journal 12/31/2013
Wall Street Journal 10/16/2010
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Economist 10/01/2009
Economist 10/01/2009
U.S. Mortgage Delinquencies Reach a Record High
New York Times 11/20/2009
Bank of America mortgage settlements
01/05/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Finally, Borrowers Score Points
New York Times 06/11/2010
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
Bank of America to Pay $17 Billion in Justice Department Settlement
Wall Street Journal 08/21/2014
Countrywide, its founder Angelo Mozilo, and Bank of America
01/05/2009
Countrywide is now a unit of Bank of America. Countrywide became known for questionable practices in the mortgage lending business. Countrywide turns out to be a failed and dangerous acquisition for Bank of America.
Grouped Articles
BofA's Blunder: $40 Billion-Plus
Wall Street Journal 06/29/2012
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Court Weighs Penalty in Bank of America 'Hustle' Case
Wall Street Journal 12/06/2013
Angelo Mozilo of Countrywide Settles Fraud Case for $67.5 Million
New York Times 10/15/2010
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill
Wall Street Journal 07/29/2014
Fannie and Freddie in 2010-2011
06/19/2010
The growing US governmet liability for Fannie and Freddie -companies that fueled the housing bubble with their implicit governmet guarantees to investors in housing mortgages. The cost of rescue has reached $146 billion and according to the Congressional Budget Office could have eventual cost of $389 billion.
Grouped Articles
Fannie Mae and Freddie Mac: Unfinished business
Economist 07/24/2010
Cost of Fannie And Freddie Keeps Rising
New York Times 06/19/2010
Fannie, Freddie Elicit Grim Forecast
Wall Street Journal 10/22/2010
What Fannie and Freddie Might Cost the Taxpayers
New York Times 10/21/2010
Wall Street Journal 10/26/2010
New York Times 10/31/2010
Federal Reserve's $800 billion rescue for mortgage and consumer debt securities markets in October 2008.
11/25/2008
October 2008 was the month when consumer debt securites market collapsed, with dire consequences for GM and other businesses. The Fed stepped in with $200 billion of money for investors to buy these securities and also set up its own effort to buy $600 billion of mortgage securities from Fannie and Freddie.
Grouped Articles
Putting the Hit on Fannie, Freddie
Wall Street Journal 03/12/2014
Senators Draft Housing Finance Overhaul
New York Times 03/11/2014
New Facility Targets Consumer Lending
Wall Street Journal 11/25/2008
Fed Aid Sets Off a Rush to Refinance
Wall Street Journal 11/26/2008
Fear Recedes in the Debt Markets
Wall Street Journal 11/26/2008
U.S. Consumer Loan Aid Will Trickle Only So Far
New York Times 11/27/2008
Martin Feldstein and the mortgage crisis 2009-2010.
09/12/2007
See the solutions suggested by Feldstein to the crisis in a series of articles.
Grouped Articles
Wall Street Journal 09/12/2007
How to Stop the Mortgage Crisis
Wall Street Journal 03/07/2008
Wall Street Journal 02/20/2008
Enough With the Interest Rate Cuts
Wall Street Journal 04/15/2008
The Problem Is Still Falling House Prices
Wall Street Journal 10/04/2008
Martin Feldstein - The Stimulus Plan We Need Now
Washington Post 10/30/2008
Obama's plan for a new consumer protection agency with needed powers.
07/15/2009
One of the lessons of the global economic crisis is the need to protect consumerts to protect the economy as a whole. A system of lobbying and campaign contributions by the banking industry to members of Congress kills action in the public's interest. A dysfunctional system of consumer protection with powers and responsibilities spread over many federal agencies and no accountability, tends to put banking interests first, leading to the problems in the current crisis with subprime mortgages.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
New York Times 07/20/2009
Health-Care Firms Have Supported Lawmakers Debating Reform
Washington Post 07/21/2009
Dana Milbank - Washington Sketch: GOP's Steele Couldn't Have Said It Better Himself
Washington Post 07/21/2009
Consumers Need a Credit Watchdog
BusinessWeek 07/15/2009
That Promised Financial Reform
New York Times 10/14/2009
Martin Feldstein and other experts renew their call to stem the decline in house prices with a new policy for homeowners under water - 2010-2012
01/05/2009
The cost would be an estimated $350 billion to cancel some of the mortgage debt of homeowners. Feldstein says this is a necessary step to revive the U.S economy. Letting the forest fire of foreclosures burn itself out would damage the U.S. economy further. Feldstein says this is not an option.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
How to Stop the Drop in Home Values
New York Times 10/12/2011
New York Attorney General Schneiderman and mortgage securities settlements
08/21/2011
Pressure brought on Schneiderman by the Obama administration for mortgage securities settlements that would limit future investigation.
Grouped Articles
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
Schneiderman Is Said to Face Pressure to Back Bank Deal
New York Times 08/21/2011
New York Times 08/22/2011
Bank of America Settlement Faces Growing Challenges
New York Times 08/31/2011
Nevada Accuses Bank of America of Breaching Mortgage Accord
New York Times 08/30/2011
Wall Street Journal 09/01/2011
S.E.C. and fraud settlement with U.S. banks for toxic mortgage debt
04/24/2010
Grouped Articles
SEC's Top Cop Oversaw Deutsche CDOs
Wall Street Journal 04/24/2010
Inside the End of the U.S. Bid to Punish Lehmann Executives
New York Times 09/08/2013
S.E.C. Tension As It Examined Mortgage Cases
New York Times 12/19/2013
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
An Unfinished Chapter at Countrywide
New York Times 08/23/2014
Wall Street Journal 04/14/2011
Globalization aspect of 2007 subprime mortgage crisis
07/04/2009
German, Japanese or Chinese banks may have a large number of subprime mortgage securities in their portfolio. How the particular bacground of each country or bank has helpedd disperse the USA mortgage crisis around the globe.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Asian Officials Push Back Against Savings Glut Theory
Wall Street Journal 07/04/2009
Wall Street Journal 11/07/2011
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Fed chief Bernanke urges better financial regulation to prevent crises
Washington Post 01/04/2010
The Federal Reserve and the government's involvement in the mortgage markets.
09/15/2009
Grouped Articles
Fed Likely to Keep Buying Mortgage Instruments
Wall Street Journal 09/15/2009
How the Fed Can Avoid the Next Bubble
Wall Street Journal 10/06/2009
U.S. Will Push Mortgage Firms to Reduce More Loan Payments
New York Times 11/29/2009
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
U.S. Banks handling of foreclosures and mortgage securities.
10/16/2010
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
For foreclosure processors hired by mortgage lenders, speed equaled money
Washington Post 10/16/2010
Wall Street Journal 10/16/2010
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
The state attorneys general in the U.S. and the subprime lending and foreclosure crises and mortgage settlements.
12/08/2009
Federal regulators and the Bush and Obama administrations failed miserably to help homeowners achieve loan modifications. This with the false belief that putting homeowners out of their homes would actually speed up a recovery, considering the huge scale of foreclosures in the USA , the high unemployment and other problems hitting the economy. Feldstein's consistent arguments for homeowner relief throughout 2008 and 2009- considering the large number of homeowners under water- as the mortgage crisis unfolded, were ignored by the Bush and Obama administrations. See the comparisons to Japan's lost decade, as the lack of recovery in housing adds to problems with job losses. The lawsuits, legal action and mortgage settlements facing banks as they make their way through the mortgage mess.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
BP’s Cuts May Wound Portfolio Recovery
Wall Street Journal 02/04/2015
Bloomberg Business Week's Peter Coy calls for debt forgiveness- creditor haircuts for sovereign debt in Europe, and bank writedowns of debt in the U.S. housing market
08/10/2011
Peter Coy of Bloomberg Business Week calls for debt forgiveness in the August 2011 issue of Business Week. Stretching out the debt issues without writedowns says Coy, only leads to austerity programs, stagnant growth and drags the issues out over many years. Better solutions can be found by starting anew with writedowns now and arrangements to make this possible, and returning to growth sooner. What about moral hazard? There is moral hazard in letting the banks bear no cost for reckless lending decisions, they are as likely to repeat this behaviour says Coy, as Greece or the underwater mortgage borrower in the U.S., if they did not have to bear the consequences of their decisions.
Grouped Articles
How Righteousness Killed the World Economy
New York Times 10/12/2014
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
For Europe’s Sake, Keep Greece in the Eurozone
New York Times 07/06/2015
How to Undo the Damage in Greece
New York Times 07/06/2015
Personalities Clashing Over How to Handle New Greek Bailout
New York Times 07/23/2015
BusinessWeek 08/10/2011
"Extend and pretend" in the U.S. banking industry- 2010-2012
07/16/2011
The large losses that still remain to be taken by the banking industry as housing prices face further decline. This includes losses on the first mortgage and on second liens. Second liens refer to home equity lines of credit.
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
New York Times 08/22/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
To Fix the Housing Crisis, Read the Data
New York Times 11/04/2011
Wall Street Journal 11/30/2011
U.S., Banks Agree on Foreclosure Pact
Wall Street Journal 02/09/2012
Bank of America and the U.S. Bancorp mortgage lawsuit
08/30/2011
Legal action against Bank of America.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Bank of America to Pay $6.3 Billion To Settle Mortgage Securities Suit
New York Times 03/26/2014
BofA Faces Fresh Mortgage Suit
Wall Street Journal 08/31/2011
Bank of America Settlement Faces Growing Challenges
New York Times 08/31/2011
Nevada Accuses Bank of America of Breaching Mortgage Accord
New York Times 08/30/2011
U.S. Said to Be Ready to Sue Banks Over Mortgages
New York Times 09/01/2011
Mortgage bond prices 2010-2012
05/21/2011
The recovery in bonds backed by subprime loans and commercial real estate in 2010 and the setback in 2011. Bonds that gained in price to 59 cents to the dollar are now back to 40 cents to the dollar. A large degree of volatility and investment firms with a limited willingness to take risks.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 06/27/2011
Wall Street Journal 06/27/2011
Bonds backed by Mortgages Regain Allure
New York Times 02/18/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Own Government Bonds? Here's Why You Should Be Worried
Wall Street Journal 05/21/2011
Recapitalization of Banks in the U.K. and the U.S.
09/29/2008
With Gordon Brown's initiative in the UK and Secretary Paulson shifting TARP1 focus to injecting capital into struggling banks, the focus shifted to this in the last quarter of 2008.
Grouped Articles
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/2013
Barclays Plans to Issue New Shares
Wall Street Journal 07/29/2013
Barclays Emerges From the Doghouse
Wall Street Journal 07/29/2013
Barclays Aims to Fill Expensive Hole
Wall Street Journal 07/30/2013
Plan to Help Banks Clear Their Books Is Halted
New York Times 06/04/2009
European Regulators Move Swiftly to Rescue Two Lenders
New York Times 09/29/2008
U.S. Hedge Fund manager John Paulson
01/19/2009
Grouped Articles
Hedge Funders Are All a Little Nuts
Wall Street Journal 08/27/2013
Hedge Funds' Investing Prowess Doesn't Live Up to Billing
Wall Street Journal 05/27/2014
The Year the Hedge-Fund Model Stalled on Main Street
Wall Street Journal 12/31/2015
Trader Racks Up a Second Epic Gain
Wall Street Journal 01/28/2011
John A. Paulson Makes $5 Billion Betting on Gold
New York Times 01/28/2011
Paulson Funds Hit Hard by Recent Gold Selloff
Wall Street Journal 10/10/2011
Deutsche Bank and U.S. foreclosures
05/05/2011
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
German Financial Watchdog Bites Back
Wall Street Journal 03/28/2014
L.A. Blames Bank for Foreclosure Blight
Wall Street Journal 05/05/2011
States Negotiate $26 Billion Agreement for Homeowners
New York Times 02/08/2012
Deutsche Bank Announces Management Shakeup
New York Times 03/16/2012
Bank of America's alternative programs including rental for homes facing foreclosure
03/22/2012
Grouped Articles
Bank of America Tests Rental Program as Alternative to Foreclosure
New York Times 03/22/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Forgiveness of Debt Could Yield Savings
Wall Street Journal 07/30/2012
Failure of Obama's plan for helping homeowners facing foreclosure in 2009-2010
06/12/2009
Failure of the Making homes Affordable plan announced by the Obama administration in early 2009. Only 2000 of 500,000 loan modification applications in progress in October under this program have become permanent according to a Congressional oversight panel.
Grouped Articles
New York Times 07/17/2011
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 05/19/2014
Wall Street Journal 07/29/2015
Foreclosure halt by judges, attorneys general and sheriffs across the U.S.
10/19/2010
In the absence of proper documentation public officials are questioning the foreclosure processes as currently carried out.
Grouped Articles
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 05/19/2014
Foreclosure mess prompts growing number of public officials to slow down process
Washington Post 11/11/2010
States, mortgage lenders in talks over fund for borrowers in foreclosure mess
Washington Post 11/17/2010
Flawed Mortgage Papers May Pose Economic Risk, Panel Says
New York Times 11/20/2010
Only 1 in 4 Got Mortgage Relief
Wall Street Journal 02/28/2011
Foreclosures in the U.S., the homeless and poverty.
01/05/2009
About 10% nationwide and 15% in the midwest of people who are at homeless shelters are there because of foreclosures according to social service agencies.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 10/11/2013
Wall Street Journal 12/31/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
New Data Muddle Debate on Economic Mobility
Wall Street Journal 01/24/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Home Affordable Modification program (HAMP) of the Obama Administration
06/12/2009
The large failure of a program launched by the Obama administration to reduce home foreclosures in the U.S. Only $1 billion of the $75 billion estimated for the program when it was launched in 2009 has been spent. Only 680,000 of the 2.7 million homeowners seeking to participate received loan modifications with lower monthly payments.
Grouped Articles
New York Times 07/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
In the U.S. a new frugality takes hold.
01/06/2009
Consumer buying habits in 2009 as job losses and foreclosures take their toll, shifts to frugality and more use of debit cards.
Grouped Articles
Target Bets Credit Discount Will Lead to More Visits
Wall Street Journal 06/22/2010
Shoppers Still Stick To Payday Purchases
Wall Street Journal 08/30/2010
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
P&G Investors Need a Little Pampering
Wall Street Journal 04/30/2009
Debit-Card Use Overtakes Credit
Wall Street Journal 04/30/2009
Frugal Shoppers Drive Grocers Back to Basics
Wall Street Journal 06/24/2009
Negative equity and near zero down payments as the major causes of U.S. foreclosures and the housing crisis, more than subprime loans.
01/05/2009
Research showing that negative equity and zero down payments are the biggest cause for surge in U.S. foreclosures.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
New York Times 01/05/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
J.P. Morgan Loosens Terms for Jumbo Mortgages
Wall Street Journal 08/05/2015
New Evidence on the Foreclosure Crisis
Wall Street Journal 07/03/2009
One in Four Borrowers Is Under Water
Wall Street Journal 11/24/2009
Nouriel Roubini on large housing losses for the U.S. economy in 2011-2012
12/07/2010
Estimates of $1 trillion in housing losses spread over banks, Fannie and Freddie, as a new wave of foreclosures hits the U.S. economy.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Dr Doom Predicts Another $1 Trillion in Housing Losses in 2011
New York Times 12/07/2010
Wall Street Journal 12/29/2010
Housing Market Is Still Facing a Blizzard
Wall Street Journal 12/29/2010
Rise in Rates Is Headwind for Housing
Wall Street Journal 02/10/2011
Number of the Week: Government’s Overwhelming Role in Mortgages
Wall Street Journal 02/12/2011
Rising U.S. Foreclosures take on crisis proportions deepening the economic downturn.
08/24/2007
Foreclosures in 2008 hit 16% up from 6% in 2007, and in an accelerating trend if unemployment hits new highs.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
The faulty foreclosure paperwork crisis that is hitting U.S. banks.
10/14/2010
Grouped Articles
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Foreclosure Crisis Slams Into Banks
Wall Street Journal 10/15/2010
Out of Maine, a National Foreclosure Freeze
New York Times 10/14/2010
Florida Foreclosure Lawyers Are Scrutinized Over Procedures
New York Times 10/15/2010
New York Times 10/14/2010
New York Times 10/14/2010
The foreclosure case of Lilla Roberts of Queens, New York
01/21/2011
Grouped Articles
Bank of America Is Shamed Into Modifying a Mortgage
New York Times 01/21/2011
Only 1 in 4 Got Mortgage Relief
Wall Street Journal 02/28/2011
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
The real estate market in South Florida in 2009 and the change in 2011
07/26/2011
The slowdown in foreclosures as a result of mortgage paperwork issues facing banks has given the South Florida market a reprieve in 2011. With fewer foreclosed properties on the market and buyers from Brazil entering the market the South Florida real estate market is seeing a rebound from 2009.
Grouped Articles
Global property markets: Boom and gloom
Economist 05/27/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Affluent Buyers Reviving Market for Miami Homes
New York Times 07/26/2011
Brazil Market's Fall Outpaces Others
Wall Street Journal 08/09/2011
Rise in Phoenix Housing Shows Path for Other Cities
Wall Street Journal 03/13/2012
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
U.S. Banks and the Office of the Comptroller of the Currency
04/18/2011
The performance of the OCC in the period leading to the foreclosure crisis and the financial crisis of 2008, and its role today. The OCC as a case of regulatory capture, with U.S. banks as clients of the OCC.
Grouped Articles
The Power Behind the Throne at the Federal Reserve
New York Times 07/31/2013
Comptroller Rethinks Use of Bank Examiners
Wall Street Journal 02/10/2014
Letting the Banks Off the Hook
New York Times 04/18/2011
In Hunt for Securities Fraud a Timid S.E.C. Misses the Big Game
New York Times 12/15/2011
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Voices of caution about the economic recovery in the U.S. as underlying problems remain.
04/20/2008
Underlying problems in foreclosure rates, job losses, and toxic assets at banks remain unresolved, even as the stimulus spending plans and the Fed's putting money into the economy fast have helped restore some degree of confidence.
Grouped Articles
New York Times 10/10/2010
The Wage That Meant Middle Class
New York Times 04/20/2008
A Trap in Obama’s Spending Plan
New York Times 12/21/2008
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
New York Times 02/13/2009
New York Times 03/06/2009
Home ownership rates in the U.S., foreclosures and the mortgage crisis
01/05/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
U.S. Homeownership Rate Falls to Lowest Level Since Mid-1990s
Wall Street Journal 04/30/2014
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Texas Lending Law Shielded Many Homeowners From Housing Bust
New York Times 05/25/2012
Washington Post 07/09/2012
Wells Fargo, Justice Department settle discrimination case for $175 million - The Washington Post
Washington Post 07/13/2012
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