Milwaukee Anyone running out of things to worry about? How about housing finance? Maybe we could party like it was 2007 again and watch it all come crashing down again? For example, The Wall Street Journal, noted that housing “cash-outs” hit the highest level since the 2007 housing meltdown in the 3rd quarter of 20018, …
Tag: Foreclosure
Some Good News for Low-Income Families Hoping for Homes in Cincy & Detroit
New Orleans For lower income and working families in these days of escalating rents and no money flowing in the credit deserts, the old saying that if it “weren’t for bad news, there wouldn’t be any news at all” feels too much like an everyday story. In Detroit and Cincinnati recently, there was some good …
Wells Fargo Caught Again in Predatory Lending Scheme
Little Rock We need to get rid of the three strikes program for people and institute it for banks, whose criminal conduct continues to rage unabated. Wells Fargo, the West Coast based banking center, is a serial abuser of mortgage borrowers using predatory practices. Cook County, home of Chicago, and 5 million good people, has …
Another Deal Coming for the Bankers, Unlikely to Benefit Consumers
Dauphine Island New reports have finally trickled out on a “last and final” deal between government regulators and the nation’s big banks over their irresponsible, immoral fleecing of consumers around home mortgages leaving millions as foreclosure victims. Nothing about this settlement sounds really good for consumers particularly. The whole thing smacks of end of the …
FACE to Face is Reducing Foreclosures in Hawaii
New Orleans Given how little of any significance has been done on any governmental or financial level to stem the tide of foreclosures in the USA, I read with interest a blurb in an on-line Shelterforce alert about progress in Hawaii. It seems the Gameliel affiliate, FACE (Faith Action for Community Equity), directed by our …