Mortgage Crisis

Over one half of Detroit's foreclosed homes are blighted or abandoned. Buyers who purchased the homes for as little as $1 have little incentive to keep them in good shape—or pay taxes.
7 hours ago   The Detroit News
A company owned by Berkshire Hathaway has been been indulging in some of the same tactics that led to the larger housing crisis about ten years ago.
Apr 21, 2015   Rooflines
A new visualization tool by the Urban Institute provides a vivid portrait of an unfortunate truth: the foreclosure crisis and other effects of the Great Recession real estate market were worse for minority groups.
Sep 18, 2014   The Washington Post
Some cities are fighting back against the mortgage crisis, using eminent domain to seize and write down troubled mortgages, keeping homeowners in their homes and keeping local economies afloat, writes Peter S. Goodman.
Oct 2, 2012   Huffington Post
President Obama can rightfully claim that many of the initiatives his administration pushed through in his first years in office helped reverse the acute economic slide he inherited. His efforts to cleanup the housing crash were far less successful.
Aug 21, 2012   The New York Times
President Obama's multi-billion dollar proposal to help homeowners involves providing them refinanced, government-backed loans. The plan is not without its doubters, however.
Feb 7, 2012   PBS NewsHour
60 Minutes reports on Cleveland, Ohio's growing problem of abandoned homes, where 1/5th of all houses are now vacant.
Dec 19, 2011   CBS News
After languishing on the market for years and steadily getting price-chopped, mansions and estates are hitting the auction block. Candace Jackson explains this has always been a last-resort move, and an unusual one for the wealthy.
Nov 18, 2011   The Wall St. Journal
Multinational financial services company Citigroup was bailed out by federal stimulus funds after taking large losses on bad mortgages. Today, Citi Foundation is helping fund projects in 10 metro areas to increase stability and prevent foreclosures.
Sep 30, 2011   Citi
Three economists with an understanding of the industry say that construction has finally hit bottom across the board (retail, housing, office) and is poised to come back with double-digit growth in 2011.
Mar 15, 2011   Urban Land
Christopher Leinberger argues that regardless of current coping strategies, the mortgage crisis is permanently reshaping cities and their edges.
Oct 19, 2010   The New Republic