New Orleans One of the many unresolved issues from the Great Recession, still painfully winding down, is whether or not it is time to call the dream of home ownership for low-and-moderate income families a tragic mirage. Having wiped out a generation of increased ownership among African-Americans and Hispanic families, and lacking a concerted funding …
Tag: homeownership
Foreclosure Settlement Fund Diversions are a Scandal except in Ohio
New Orleans It is hard for me to believe that the Obama Administration will not finally address relief for the millions of homeowners facing foreclosure and are underwater across the country. The slightly improving market for housing should help trigger some change, though many banks will no doubt continue kicking and dragging. The relief …
The Mortgage Blame Game Still Leaves Homeowners without Help
New Orleans Now the Federal Housing Finance Agency has indicated that it will file suit against a gang of giant financial institutions for their sloppy work and lack of “due diligence” in assembling securitization pools of home mortgages. Their aim is to collect billions of dollars that were lost in this way by Fannie Mae …