Underwater Homeowners Will Work for Less Pay People who are underwater on their home mortgages probably will accept “significantly” lower wages than other homeowners, according …
Tenants Feel Pinch of Rising Rents Record-low mortgage rates mean that homeowners have a smaller financial burden for their residences than at any time since …
Angelo Mozilo, Former Countrywide CEO, Claims He Doesn’t Know What ‘Verified Income’ Is Another day, another corporate titan suffering from devastating amnesia. This time, the …
How Bad Is Our Debt Problem, Anyway? And Will a Deal Fix It? by Theodoric Meyer ProPublica President Obama will meet with congressional leaders today …
Number of homeless Iraq, Afghan vets doubles The number of Iraq and Afghanistan veterans who are homeless or at risk of losing a roof over …
The Farce Is Complete: In The Case Of Countrywide, Congress Finds Itself Innocent Of Being “Friends Of Angelo” Just when you thought the seemingly endless …
“We are the government (too),” said county Clerk- Recorder Lee Lundrigan. “If the purpose of making a document public may be criminal, we communicate that …
Painting by Anthony Freda: www.AnthonyFreda.com. “Abuses Of Power Always – Always – Expand Beyond Their Original Application” Constitutional lawyer Glenn Greenwald writes: Documents just obtained …
‘Shadow’ Overhyped as Housing Threat It’s been a hard year to be a housing bear. U.S. housing markets finally came alive in 2012, with home …
Secretary Geithner Sends Debt Limit Letter to Congress Today, Secretary Geithner sent the following letter to Congress regarding the debt limit. *** December 26, …
CRA and the Housing Bubble: Did the Community Reinvestment Act Lead to Risky Lending? There’s an interesting new paper out on the role of the …
Undocumented Debtors The recent recession has increased anti-immigrant sentiment and has inspired increasingly harsh measures directed at illegal immigrants, who are accused of taking jobs …
Tax the Rich: An animated fairy tale Tax the rich: An animated fairy tale, is narrated by Ed Asner, with animation by Mike Konopacki. Written …
“As it is, all of my possessions still fit in the back of my truck,” she says. “I can pack it in a couple hours, …
Administration Planning to Use Fannie and Freddie to Provide More Stealth Stimulus The Obama Administration is planning to launch yet another mortgage refi program, this …
UBS Libor Manipulation Deserves the Death Penalty There is no point in mincing words: UBS AG (UBSN), the Swiss global bank, has been disgracing the …
