The housing market may be recovering, but the country is still suffering.
Americans lost $192.6 billion in wealth, or an average of $1,700 per household, last year due to foreclosures, according to a report released Thursday by the Alliance for a Just Society, a coalition of progressive grassroots organizations across the country. The report also
...The mortgage market is almost entirely backed by the government after the housing crisis led to the takeover of the two mortgage giants Fannie Mae and Freddie Mac in an attempt to stabilize the housing market. Meanwhile,
...On Tuesday, with some fanfare, the Bipartisan Policy Center in Washington
...9:33 p.m. | Updated
Under pressure from Wall Street lobbyists, federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market.
The changes to the rule, which will be announced on Thursday, could effectively
...A federal judge Tuesday formally stopped the foreclosure auction of an Aurora woman's house, leaving unanswered whether he can determine whether a part of Colorado's foreclosure laws is unconstitutional.While U.S....
Freddie Mac recently announced it is making its new Streamlined Modification program immediately available to all eligible borrowers nationwide in order to expedite financial relief for potentially thousands of distressed families. Freddie Mac’s Streamlined Modification program had originally been scheduled to start on July 1, 2013.
The recent
...The Southeast Portland bakeshop will open a second location across the Willamette this summer and add 20 to the three dozen it already employs.
Restaurants like Pacific Pie are the big drivers in one of the state's fastest-growing sector -- leisure and hospitality,
...Oregon homeowners who are behind on their mortgage, but who could afford their monthly payments if made current, have one last chance to apply for a federally funded program to help them avoid foreclosure.
Loan Preservation Assistance program
For: Oregon homeowners behind on their mortgage, but who can afford monthly payments
What: Pays up to
STEVENSVILLE – Her first husband died in Vietnam and her second husband died of injuries stemming from the same war. Now, Helga Cook is losing her home.
Over the past four years, the 74-year-old German immigrant has been engaged in the same back-and-forth battle that caused millions of Americans to lose their homes and sent the nation’s economy i
...This announcement and the increasing number of those like it represent what's very likely the front end of a massive unloading of home loans from big banks like Bank of America, Chase, and Wells Fargo to a new wave of non-bank investment firms focused on servicing "distressed" accounts.
By Erik Kancler of Bend, Oregon.Erik works in government and
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...There may be no government action more universally reviled in the U.S. than bank bailouts. Republicans and Democrats, financial industry lobbyists and watchdogs, Wall Street executives and President Barack Obama say taxpayers should never again rescue a failing bank.
To make sure a future crisis won’t force governments to intervene, international r
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Published: Thursday, May 9, 2013, 12:01 a.m.
Updated 2