Right to Rent: A Reminder of a Simple Fix to Alleviate the Foreclosure Crisis

By: Tuesday June 28, 2011 10:15 am

Dean Baker again writes about his right to rent proposal, which is very worthwhile, so I feel I should just update every few months and point to it. The overwhelming majority of mortgages that have been issued since the financial meltdown in September of 2008 have been bought by Fannie Mae and Freddie Mac or [...]

Merkley: “Real Concerns” About AG Settlement, Wants Warren at CFPB ASAP

By: Thursday May 12, 2011 1:22 pm

About a year ago, I appeared at Netroots Nation with Sen. Jeff Merkley (D-OR), the Huffington Post’s Ryan Grim and Professor Elizabeth Warren on a panel called “The Forgotten Foreclosure Crisis.” Speaking with Merkley today, I remarked that we could hold the same panel again this year, without changing a word of it, and not [...]

Senate Judiciary Hearing Pushes Mandatory Mediation as Solution to Foreclosure Crisis

By: Tuesday February 1, 2011 9:18 am

The Senate Judiciary Committee just wrapped up a hearing on HAMP, the foreclosure crisis and bankruptcy courts, presided over by subcommittee chair Sheldon Whitehouse. Only three other members of the Judiciary Committee managed to attend this hearing. Al Franken and Richard Blumenthal were there the whole time, and Republican ranking member Chuck Grassley poked his [...]

TARP Funds for Legal Services for Foreclosure Victims Blocked By Treasury

By: Thursday December 9, 2010 12:30 pm

This searing photo essay show in stark relief the landscape of the foreclosure crisis, in this case in Florida. By now we all know the details. Foreclosures are continuing at a reord pace, three years after the beginning of the recession. This massive turnover of property has turned entire neighborhoods into ghost towns and continued [...]

CBO Estimates Treasury Will Spend Just $12 Billion on HAMP, Under 1/4 of Promised Funding

By: Tuesday November 30, 2010 5:30 am

CBO released their fourth statutory report on TARP, and the headline that will come out of it will surely be their estimate that the program will cost the government $25 billion dollars. I’ve been over and over why this is an almost meaningless figure, so I won’t rehash it here. But I will say that [...]

HUD, DoJ Offer Weak-Sauce Legal Access for Foreclosure Victims

By: Friday November 19, 2010 12:49 pm

I’ve been writing about how foreclosure mediation and funding for legal services are two small-bore areas that can make a difference for homeowners facing the threat of foreclosure. Studies have shown that foreclosure mediation has been successful in many instances in keeping people in their homes. They haven’t been panaceas, but they have had an [...]

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