Mortgage Crisis

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
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.
Oct 1, 2009   Builder Magazine
Homeowners threatened with foreclosure are increasingly finding that a simple legal tactic is stalling the process.
Sep 23, 2009   Huffington Post
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.
Aug 14, 2009   Minnesota Public Radio
James Surowiecki dispels the myth that banks are better off renegotiating mortgage then foreclosing.
Aug 4, 2009   The New Yorker
Schadenfreude is a German concept that means "taking pleasure in the suffering of others." Columnist Meghan Daum is experiencing 'debtenfreude'; the pleasure in watching house flippers and McMansion builders fall to the economic downturn.
Jun 8, 2009   Los Angeles Times
New census data released Weds. shows that fewer Americans moved this year than in any year since they started keeping track back in 1947.
Apr 23, 2009   The New York Times
General Growth Properties, the 2nd largest mall operator in the nation, declared bankruptcy this morning. The company was felled by mounting debt from short-term mortgages it used to expand its holdings.
Apr 16, 2009   The New York Times
Its political and financial leaders have long insisted that Canada was insulated from an American-style subprime mortgage crisis. However, a Globe & Mail study reveals that western Canada is facing an "alarming" rate of foreclosures.
Mar 17, 2009   The Globe and Mail
The revitalization of downtown Los Angeles took another hit this week, as real estate firm Meruleo Maddox Properties Inc., the largest private landowner in the area, revealed that it may have to file for bankruptcy protection.
Mar 16, 2009   The Wall St. Journal
In a recent feature in Time Magazine called 'Ten Ideas Changing the World Right Now,' no. 2 on the list is 'Recycling the Suburbs.'
Mar 15, 2009   Time