Sep 14th 2011 4:45PM
The Obama administration on Wednesday unveiled a new TV advertisement for its anti-foreclosure programs. The spot shows stone-faced homeowners immobilized by trouble with their mortgage payments. A woman stands motionless on her lawn, morning newspaper in hand as the sprinklers spray her bathrobe. A man stares blankly... Continue Reading »
Nov 9th 2010 9:00AM
Last year was difficult for Adline Peck and her husband. Peck, who lives in Inkster, Mich. was battling medical issues, and her husband had been laid off from work. Though they struggled to make their monthly mortgage payments, they continued to try their best, even if it meant sending in payments a week or two late.... Continue Reading »
May 19th 2010 11:00AM
It used to be that when people got into more financial trouble than they could manage on their own, they would declare personal bankruptcy. Then, in 2005, U.S. bankruptcy laws became more stringent: The amount of home equity that was protected from creditors was subject to tougher rules and, along with additional costs,... Continue Reading »
May 18th 2010 11:00AM
This is a story about what I call America One versus America Two. In America One, only a very small fraction of the millions facing the prospect of losing their homes to foreclosure are actually helped by the Obama administration's mortgage modification programs. While in America Two, a fat-cat politician (well, OK, so... Continue Reading »
Dec 18th 2009 1:00PM
With real estate prices plummeting across the country, one might expect some relief from the high cost of housing. But if you wince when you write your rent or mortgage check, you're in good company. A new report from the Center for Housing Policy finds that some 37 million American families now spend more than 30... Continue Reading »
