As bank-owned homes become a source of blight and crime, cities struggle to effectively hold banks accountable for their maintenance. Large banks tend to be the worst offenders, often failing to remove trash and weeds or paying fines.
Sep 10, 2011 Contra Costa Times
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
Banks in China have stopped accepting loan applications for property in the country's second- and third-tier cities in an effort to curb inflation.
Jul 26, 2011 China Daily
The city of Los Angeles is attempting to sue Deutsche Bank, the owner of thousands of foreclosed and blighted homes in the city. If it works, other cities could follow.
May 7, 2011 Marketplace
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.
Jun 23, 2010 The New York Times
A new rule proposed by federal regulators would allow bank investments made for neighborhood stabilization efforts and donations of foreclosed properties to be count towards compliance with the Community Reinvestment Act.
Jun 20, 2010 Reuters
Finding financing is one of the biggest challenges for transit-oriented development. How did Portland convince its lenders to get on board?
May 25, 2010 Streetsblog
The economic stimulus of China has focused billions of dollars on building skyscrapers. Some wonder whether a building bust may soon follow.
Mar 9, 2010 Business Week
Transit oriented development is having a hard time taking hold in Salt Lake City. Some say the parking preferences of lenders are to blame.
Oct 12, 2009 The Salt Lake Tribune
In cities across the country, banks are ditching out on foreclosed homes, giving more worries -- and bills -- to homeowners.
Apr 6, 2009 The New York Times