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Texas Lending Law Shielded Many Homeowners From Housing Bust

New York Times Original article ›

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Texas in the U.S. real estate mortgage and financial crisis of 2008-

04/04/2010

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.

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How Texas escaped the real estate crisis

Washington Post 04/04/2010

The Texas Unmiracle

New York Times 08/14/2011

Perry criticizes government while Texas job growth benefits from it - The Washington Post

Washington Post 08/21/2011

Messing With Texas

New York Times 08/21/2011

Texas Lending Law Shielded Many Homeowners From Housing Bust

New York Times 05/25/2012

Fed chairman Bernanke and New York Fed president Geithner ignore warnings in 2006 about the housing bubble

01/02/2009

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.

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Central Bankers Hone Tools to Pop Bubbles

Wall Street Journal 07/08/2013

The Fall of Summers

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

Geithner, Staying on Script

New York Times 05/17/2014

Home equity loans, negative equity of homeowners, and the housing crisis in the U.S.- 2011-2012

01/12/2009

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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

Second-Mortgage Misery

Wall Street Journal 06/07/2011

The Sickness Beneath the Slump - Economic View

New York Times 06/11/2011

Housing's Job Engine Falters

Wall Street Journal 10/05/2011

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

Bank Suits Pinch Investors

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

U.S. housing prices: 2010-2013

09/05/2010

Grouped Articles

Housing Market Accelerates

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

Growing Risks for the U.S. Economy in 2010-2012.

01/04/2010

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

Return of the Nervous Weekend

Wall Street Journal 05/22/2010

Real Disposable Income: Bad News for Democrats?

BusinessWeek 06/03/2010

Consumers Tighten Belts

Wall Street Journal 06/12/2010

One in seven households at risk of losing homes by November 2009.

07/26/2011

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

U.S. real estate market 2010-2013

03/13/2012

Grouped Articles

Housing Market Accelerates

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

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

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Mortgage Damage Spreads

Wall Street Journal 10/16/2010

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Economist.com

Economist 10/01/2009

Economist.com

Economist 10/01/2009

U.S. Mortgage Delinquencies Reach a Record High

New York Times 11/20/2009

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

Letting Bankers Walk

New York Times 07/17/2011

High Default Rate Seen for Modified Mortgages

Wall Street Journal 06/16/2010

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Bankrupt Housing Policy

New York Times 05/19/2014

Ford Bets on Fancy Pickups

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

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Bankrupt Housing Policy

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

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

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

Letting Bankers Walk

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

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

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

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Show Us the Hope

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

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

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

The Case Against the Bernanke-Obama Financial Rescue

New York Times 05/16/2014

Bankrupt Housing Policy

New York Times 05/19/2014

As Foreclosures Surge ...

New York Times 05/04/2009

How to Stop the Drop in Home Values

New York Times 10/12/2011

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

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

The Case Against the Bernanke-Obama Financial Rescue

New York Times 05/16/2014

Bankrupt Housing Policy

New York Times 05/19/2014

As Foreclosures Surge ...

New York Times 05/04/2009

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

U.S. Poverty Rate Stabilizes

Wall Street Journal 10/11/2013

Mortgage Program Pans Out

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

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

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Obama’s Ersatz Capitalism

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 faulty foreclosure paperwork crisis that is hitting U.S. banks.

10/14/2010

Grouped Articles

Fannie’s and Freddie’s 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

The Foreclosure Crises

New York Times 10/14/2010

The Mortgage Morass

New York Times 10/14/2010

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

Bankrupt Housing Policy

New York Times 05/19/2014


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