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A Toxic Subprime Mortgage Bond's Legacy Lives On
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WSJ reporters Corkery and Yoon give a remarkable account of the individual homeowners and investors inside one toxic subprime mortgage security from Countrywide Financial Corp. named CWABS- 2006-2007. There is Amanda Gavini of Fort Myers who continued making mortgage payments against the odds after a illness and death in the family. And a couple Donald Mudd- Patricia Starr who were approved by Countrywide for a $171,000 adjustable rate mortgage loan at 8% with a $10,000 down payment for a home in Port Charlotte, Florida. The approval came only 3 months after the couple emerged from personal bankruptcy in 2006, and by 2009 Mudd was missing payments. Other borrowers such as Mrs. Gavini in Florida took out two loans at 7% and 11% in 2006, have continued making payments and are still unable to refinance under the HAMP or HARP government programs. It is because of these homeowners who continue to make payments helping the security price recover, that one of PIMCO's funds which owns a stake in this security has made good returns. Hedge fund Marathon Asset has also made good returns on this security because of the U.S. government's Public Private Investment Program to help banks recover by providing government incentives for purchase of these securities from banks. This was a way to get banks holding these subprime securities to resume normal lending in financial markets.
The WSJ's inside look at one toxic subprime mortgage bond securities "CWABS- 2006-2007"- what happened to borrowers and investors by 2013
09/13/2013
Mortgage borrowers delinquent for 2 months on their payments have come down to 10% in 2013 compared to 2012 and about 50% at the height of the crisis in 2008-2009. This is the story of why the current recession in the U.S. is taking longer to heal than other recessions, leaving lasting damage in long term unemployed, and as it does calling for reflection, leaving important lessons that need to be learned.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
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.
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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
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
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
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.
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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 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.
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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
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
Countrywide seen as being at the core of the problems at Bank of America in 2011-2014
01/05/2009
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
BofA Deal With U.S. Is Hung Up Over Penalties Tied to Countrywide, Merrill
Wall Street Journal 07/29/2014
Judge Orders Bank of America to Pay $1.27 Billion in 'Hustle' Case
Wall Street Journal 07/30/2014
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
Bank of America's profitable mortgage business in 2013-14
02/03/2013
By doing mortgage lending to its own customers Bank of America is keeping tighter oversight over lending. Lending to the government's HARP program borrowers is more profitable, As a result Bank of America had over $1 billion in revenues from mortgage lending in the fourth quarter of 2012 with higher margins than JP Morgan Chase.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
J.P. Morgan, Housing Regulator Reach $4 Billion Deal
Wall Street Journal 10/20/2013
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
Wall Street Journal 04/25/2014
BofA Sprints Toward New Mortgage Hurdle
Wall Street Journal 02/03/2013
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.
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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
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New York Times 05/19/2014
New York Times 05/04/2009
Faces of the Home-Foreclosure Crisis
Wall Street Journal 12/29/2010
Foreclosures and the U.S. housing market in 2012-2013
01/20/2010
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
Deutsche Bank and U.S. foreclosures
05/05/2011
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Wall Street Journal 09/13/2013
Deutsche Bank Hit By Legal Costs
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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
New York Times 07/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
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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
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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.
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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
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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
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
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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
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
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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
Short sales helping the U.S. housing market recovery in 2012-2013 with fewer foreclosures
06/23/2010
A shift to short sales by banks and homeowners under water is helping the housing market and prices recover and reducing foreclosures. Banks and homeowners under water realize the cost of foreclosures to property prices can be avoided by short sales with much lower losses.
Grouped Articles
Home Prices Rise, Producing a Buying Mood
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Housing Recovery Increasingly Prices Out First-Time Buyers
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Economic Casualties: 'Missing Households'
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Home Prices Jump, but Headwinds Build
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A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Outlook for Home Prices Grows Darker
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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
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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
U.S. home foreclosures 2008-2009
01/15/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
Foreclosure Filings Up 81% in 2008
Wall Street Journal 01/15/2009
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
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
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
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
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
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
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High Default Rate Seen for Modified Mortgages
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Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05/01/2012
Wells Fargo and subprime cases
01/29/2009
An assessment of penalty by the Fed of $85 million for subprime violations.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
There’s Nothing Wrong With Being a Banker
New York Times 05/31/2014
Wells Fargo & Co. Is the Earth’s Most Valuable Bank
Wall Street Journal 07/22/2015
Wells Fargo to Pay $1.2 Billion in Mortgage Settlement
New York Times 02/03/2016
Wells Draws $85 Million Penalty in Subprime Case
Wall Street Journal 07/20/2011
Wall Street Journal 04/15/2012
Countrywide and Bank of America legal settlements
01/05/2009
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
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Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
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
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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
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
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 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
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
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
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
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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
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
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Wall Street Journal 12/31/2013
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New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
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New York Times 05/19/2014
New York Times 05/04/2009
U.S. Banks handling of foreclosures and mortgage securities.
10/16/2010
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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
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U.S. unemployment and foreclosures- 2011-2012
05/04/2009
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A Toxic Subprime Mortgage Bond's Legacy Lives On
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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
The Federal Reserve and policies favoring banks over homeowners in U.S. foreclosures
04/01/2009
Grouped Articles
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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
Questions of fairness- could the U.S. government have done more to help homeowners in foreclosure? (2)
09/13/2013
Linked Articles
Fannie, Freddie Payments Nearly Match Aid
Wall Street Journal 11/08/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
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