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Mortgages

Bank Doesn't Need Proof it Owns Your Mortgage to Foreclose in Colorado

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.
1 October 2011 - 1:00pm
The Denver Post

More Americans Overspent on Housing

Data from the Census shows that 36.7% of U.S. households pay more than 30% of their pretax income on housing, an increase of 1.5 million since 2007.
3 October 2010 - 5:00am
The Wall St. Journal

Underwater Homeowners Taking New Gambles on Real Estate

The Wall St. Journal reports that some homeowners are selling their underwater homes at a loss and turning right around and investing in new homes with lower mortgage rates and getting more house in the process.
28 July 2010 - 11:00am
The Wall St. Journal

Las Vegas Residents Want Out

A recent survey from UNLV suggests that 40% of the residents of the Las Vegas metropolitan area would prefer to leave the state.
1 April 2010 - 5:00am
Las Vegas Sun

Bailing Out the Mortgage Market

The housing market -- and especially the exurban housing market -- played a major role in bringing about the current economic recession, according to this piece from Christopher Leinberger. He says sprawl is unlikely to regain its lost value.
28 January 2010 - 7:00am
The New Republic

High Foreclosure Rates Could Lead to More Defaults in Las Vegas

Willingness to default on home loans has been found to increase in ZIP codes with high foreclosure rates, leaving foreclosure-heavy Las Vegas in danger.
8 August 2009 - 1:00pm
The Las Vegas Sun
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Incentives for Energy Efficiency Expanding

The Department of Housing and Urban Development and the Federal Housing Administration are looking to increase energy efficiency incentives for homeowners, including opportunities for larger home loans.
28 July 2009 - 9:00am
Los Angeles Times

Obama's $75 Billion Plan to Save America's Homes

President Barack Obama has announced a $75 billion plan to help counteract home foreclosures -- a move that aims to allow more than 9 million Americans to refinance their troubled mortgages.
18 February 2009 - 1:00pm
The New York Times
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Banks Exacerbating Foreclosure Crisis

Banks and financial institutions are making the foreclosure crisis worse, as lobbying efforts seek to block bankruptcy courts from gaining more power to reduce debt, according to this article from Der Spiegel.
17 February 2009 - 11:00am
Der Spiegel

Mexico Fighting Police Corruption Through Homeownership

Officials in Mexico are looking to crack down on rampant police corruption with an unlikely carrot: mortgages.
7 October 2008 - 8:00am
Associated Press
Lance Freeman

Some Lessons from the Credit Crisis

Tue, 09/23/2008 - 17:24

The on-going foreclosure and subsequent credit crisis should offer important lessons for housing policy and public policy more broadly. Chief among these lessons might be the falsity of the notion that government regulation is always bad. But some conservative commentators cling to the dogma that government intervention is the root of all evil. An explanation being offered by some is that government intervention in the form of Community Reinvestment Act encouraged irresponsible lending and led to the subsequent housing bust.

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Bush Signs Housing Bill

President George W. Bush signed into law a package of housing legislation intended to ease the burden on thousands of borrowers who face losing their homes. The legislation will also bail out major mortgage financiers Fannie Mae and Freddie Mac.
30 July 2008 - 9:00am
The New York Times
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