Toronto After years of big banks essentially flipping off their customers and borrowers fighting foreclosures in no small measure because banks were more than willing to take the money and run on the government’s bailout, but were heedless of the damage they were doing to their borrowers’ lives and communities, Gretchen Morgenston in the New York [...]
New Orleans The new Consumer Financial Protection Bureau (CFPB) released its outline of new mortgage lending rules that will take effect in 2014. The new rules are interesting, though in some ways not reassuring.
After years of arguing with big banks and subprime houses that “affordability” had to be the key test regardless of all of [...]
housing in Quito Norte
Quito Housing was on my mind.
I spent hours yesterday in a pickup riding the steep roads and byways of Quito Norte with our team and local barrio leaders in the area, four up front and three in the back. We traveled more than a dozen kilometers up, down and around the mountain [...]
New Orleans It is hard to miss the markers of the precipitous slide of US citizen wealth flowing from the Great Recession. New figures from the Census Bureau indicate another dive for the 4th straight year (obviously starting in 2007 in the Bush era). We now stand a hair above $50,000 in median household [...]
New Orleans Treme is not the only Louisiana based hit on HBO. The bigger attraction set in Shreveport and neighboring communities is True Blood of course. I would have thought that ACORN was a natural for Treme, but the more I watch it, the more I realize this is a soundtrack [...]
New Orleans I read all of these stories about cheap, modular construction in various designs from assorted materials. I find them fascinating and quaint. Mainly, I read them to give me ideas for how to rebuild our fishing camp across Lake Pontchartrain or to plant in the mountains or woods as a retreat somewhere. [...]