Mortgage Crisis

March 7, 2016, 11am PST
There have been a number of federal and state programs to address the housing and foreclosure crisis. While these programs have helped a lot of people and continue to do so, many people that are qualified still have trouble completing these programs.
DSNews
July 30, 2015, 5am PDT
It's been a while since 2008, and a new crop of homeowners is colonizing the far-flung exurbs. Mostly foreclosed and even abandoned last time around, the exurbs are still a risky buy.
Bloomberg Business
July 6, 2015, 1pm PDT
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.
The Detroit News
April 21, 2015, 8am PDT
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.
Rooflines
September 18, 2014, 10am PDT
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.
The Washington Post
October 2, 2012, 7am PDT
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.
Huffington Post
August 21, 2012, 5am PDT
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.
The New York Times
February 7, 2012, 9am PST
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.
PBS NewsHour
December 19, 2011, 7am PST
60 Minutes reports on Cleveland, Ohio's growing problem of abandoned homes, where 1/5th of all houses are now vacant.
CBS News
November 18, 2011, 12am PST
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.
The Wall St. Journal
September 30, 2011, 1pm PDT
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.
Citi
March 15, 2011, 10am PDT
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.
Urban Land
October 19, 2010, 11am PDT
Christopher Leinberger argues that regardless of current coping strategies, the mortgage crisis is permanently reshaping cities and their edges.
The New Republic
June 23, 2010, 6am PDT
Mortgage debt is crippling the housing market all over the country, and the homeowners who've taken on more debt than they can afford. Now, real estate interests and banking interests are battling over legislation intended to ease the pain.
The New York Times
May 8, 2010, 7am PDT
Edward L. Glaeser says that the government policy of encouraging homeownership through tax breaks subsidizes Americans to buy bigger homes which waste energy.
The Boston Globe
Feature
January 11, 2010, 8am PST
The editors' choice of the most significant stories in the realm of urban planning, design and development of the "aughts" (2000-2009). The decade began with one crash and ended with another, but in between we've learned a lot about making cities.
Nate Berg
October 1, 2009, 2pm PDT
The Federal Reserve announced that 32% of loan applications were denied last year, and applications on the whole were down by a third from 2007.
Builder Magazine
September 23, 2009, 9am PDT
Homeowners threatened with foreclosure are increasingly finding that a simple legal tactic is stalling the process.
Huffington Post
August 14, 2009, 5am PDT
The Congressional Oversight Committee tasked with looking into the economic crisis says in a new report that there is a continuing risk of banks holding onto troubled assets, including real estate. Minnesota Public Radio talks to noted experts.
Minnesota Public Radio
August 4, 2009, 2pm PDT
James Surowiecki dispels the myth that banks are better off renegotiating mortgage then foreclosing.
The New Yorker