In an effort to stabilize neighborhoods and reduce the glut of foreclosures in the marketplace, Fannie Mae is beginning to sell foreclosed properties in bulk to investors to test the market for rental homes, write Alan Zibel and Nick Timiraos.
Feb 28, 2012 The Wall Street Journal - Developments Blog
Peter Coy and Prashant Gopal report on recent developments in the housing market that may signal a solution to the four-year-old crisis.
Feb 9, 2012 Bloomberg/Business Week
Real estate speculators are being fined big bucks in Cleveland for letting properties sit vacant, but the jury's still out on whether this is the key to stabilizing neighborhoods.
Jan 22, 2012 Shelterforce
Foreclosures continue to decimate communities around the nation, with black neighborhoods being the hardest hit. However, it is investors, not homeowners, who account for the adverse impact on the nation's black communities, write John Gilderbloom and Gregory Squires. Exclusive
Jan 9, 2012 By
An innovative tenants-rights organization in Boston combines community activism and financial backing to force banks to sell foreclosed homes back to the previous owners.
Jan 8, 2012 Shelterforce
Apartment rents rise as housing sales remain rocky, foreclosure rates increase, and mortgage requirements increase.
Jan 6, 2012 Crains New York Business
Starting in 2002, the Colorado legislature began to make it easier to foreclose on properties in Colorado. Original loan documents are no longer required to prove the bank actually owns the property.
Oct 1, 2011 The Denver Post
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
With a high rate of foreclosure, Cleveland instituted a land bank to rein in rampant vacancies. After two years, the program has made some headway.
Aug 30, 2011 NPR
As the Federal Housing Administration looks for new ways of dealing with the nation's foreclosed homes, more voices are calling for those homes to be repurposed as rentals.
Aug 11, 2011 Marketplace