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Texas did not experience the jump in real estate prices of Florida and California, and other parts of the U.S. State laws written into the constitution of the state in 1845 have restrictions on loans taken out on the value of a home. Foreclosure rate in Texas was much lower than in other states.
Grouped Articles
How Texas escaped the real estate crisis
Washington Post 04/04/2010
New York Times 08/14/2011
Perry criticizes government while Texas job growth benefits from it - The Washington Post
Washington Post 08/21/2011
New York Times 08/21/2011
Texas Lending Law Shielded Many Homeowners From Housing Bust
New York Times 05/25/2012
Transcripts of the meetings of the Federal Open Market Committee of the Federal Reserve show new Fed chairman Bernanke and Head of the New York Fed discounted the growing risks in the U.S. housing markets in 2006. Fed governors Janet Yellen and Susan Bies raised the issue in meetings at the Fed. Transcripts show a sense of complacency had set in at the Fed with Bernanke confident about a soft landing for the housing market.
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
Wall Street Journal 09/15/2013
What's Needed in the Next Fed Chief
New York Times 09/15/2013
Book Review: 'Stress Test' by Timothy F. Geithner
Wall Street Journal 05/12/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/17/2014
Grouped Articles
Second-Lien Loans May Prompt New Losses for Banks
New York Times 07/16/2011
In struggling housing market, buyers and sellers are out of sync
Washington Post 09/05/2010
The New Rules of Borrowing for Homes, Autos and College
Wall Street Journal 09/13/2014
Wall Street Journal 06/07/2011
The Sickness Beneath the Slump - Economic View
New York Times 06/11/2011
Wall Street Journal 10/05/2011
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
Grouped Articles
Wall Street Journal 05/02/2013
Housing Rebound Grows as Prices Climb Sharply
Wall Street Journal 05/09/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
Home Prices Jump, but Headwinds Build
Wall Street Journal 07/31/2013
In struggling housing market, buyers and sellers are out of sync
Washington Post 09/05/2010
Risks of another hit from losses on home equity loans to bank balance sheets in latter part of 2010. The situation with local and state governments in the USA cutting back significantly. The situation in Europe and an overheating Chinese economy.
Grouped Articles
The Home-Equity Hurt Ahead for Banks
BusinessWeek 04/14/2010
Beware a Bernanke-Fueled Market Bubble
BusinessWeek 05/13/2010
Don't Rule Out a Double Dip Recession
Wall Street Journal 05/24/2010
Wall Street Journal 05/22/2010
Real Disposable Income: Bad News for Democrats?
BusinessWeek 06/03/2010
Wall Street Journal 06/12/2010
From one in ten to one in seven households at risk of losing homes. This translates into 7.5 million households that may risk losing homes Combine that with the the problems in the commercial real estate bad loans that will keep bank lending to businesses tight in 2010 and beyond, and the hope that declining unemployment would ease things may not be realized. Withdrawal of stimulus could make things worse.
Grouped Articles
Wealth gap widens between whites, minorities, report says - The Washington Post
Washington Post 07/26/2011
Texas Lending Law Shielded Many Homeowners From Housing Bust
New York Times 05/25/2012
Grouped Articles
Wall Street Journal 05/02/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Global property markets: Boom and gloom
Economist 05/27/2013
Rise in Phoenix Housing Shows Path for Other Cities
Wall Street Journal 03/13/2012
Economic Uplift May Be Drag on Housing
Wall Street Journal 03/22/2012
The 30-Minute Interview: David W. Levinson
New York Times 04/24/2012
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
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
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
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
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
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
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
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
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
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
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
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
This law was passed after an earlier housing bubble which hurt homeowners badly. The law says homeowners can take loans on only 80% of the value of the home, and it bans home equity loans. Similar laws protecting homeowners could have reduced the size and impact of the housing bubble in the U.S. The failure to protect homeowners and its serious consequences for the economy is one of the major lessons of the housing bubble. Without the proper laws in place many things can and do go wrong.
Grouped Articles
The economic performance of cities: Following the sun
Economist 05/16/2013
Perry criticizes government while Texas job growth benefits from it - The Washington Post
Washington Post 08/21/2011
Texas Lending Law Shielded Many Homeowners From Housing Bust
New York Times 05/25/2012
Grouped Articles
Wall Street Journal 05/02/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Outlook for Home Prices Grows Darker
Wall Street Journal 06/23/2010
Wall Street Journal 12/31/2013
Mortgage Troubles Near Prerecession Levels
Wall Street Journal 02/21/2014
Grouped Articles
In struggling housing market, buyers and sellers are out of sync
Washington Post 09/05/2010
Housing Supply Side Needs a Reality Test
Wall Street Journal 11/17/2008
Harsh Reality of House Glut Hitting Home
Wall Street Journal 11/19/2008
EconoChat: Tom Keene and Karl Case On Housing
BusinessWeek 05/27/2010
Housing: Stuck and Staying Stuck
Wall Street Journal 09/24/2010
Wall Street Journal 12/29/2010
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
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
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
Grouped Articles
Florida Basks in a Texas-Style Resurgence
Wall Street Journal 03/05/2016
Miami's Condo King Survives the Slump
BusinessWeek 12/02/2010
Affluent Buyers Reviving Market for Miami Homes
New York Times 07/26/2011
Texas Lending Law Shielded Many Homeowners From Housing Bust
New York Times 05/25/2012
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
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
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
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
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
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
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
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
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
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
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
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
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