Sam Pizzigati / Inequality.orgJan 8, 2024
How America’s wealthiest are systematically locking modest-income families out of the housing market. Dig deeper ( 5 Min. Read )
Juan Cole / Informed CommentJul 3, 2019
Things are getting noticeably harder and hotter due to climate change, and the worst part is, we are doing this to ourselves. Dig deeper ( 2 Min. Read )
By Paul Kiel and Jesse Eisinger / ProPublicaJan 17, 2017
When Steven Mnuchin ran OneWest, the bank aggressively and, in some cases, wrongly foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures. Dig deeper ( 5 Min. Read )
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By Barbara Garson, TomDispatchFeb 6, 2014
In the cases of healthcare and underwater mortgages, the administration shied away from direct government aid. Instead, it subsidized private companies to serve the people. To get your government-subsidized mortgage modification, you applied at your bank; to get your government-mandated health coverage, you buy private insurance. Dig deeper ( 10 Min. Read )
BLANKSep 12, 2013
Richmond plans to use eminent domain powers to seize bad mortgages and resell them at property value to new mortgage holders, helping its residents get out from under massive debt. Whether it will work is a big question mark. Dig deeper ( 3 Min. Read )
BLANKSep 8, 2013
Low-income D.C. residents -- many of them retirees -- have been losing their homes under a program in which tax rights are sold to private investors who add mind-boggling fees and then foreclose when they aren't paid. And it's all legal. Dig deeper ( 2 Min. Read )
BLANKAug 21, 2013
Some $100 million in federal money aimed at keeping Michigan families in their homes will now be used to tear down emptied buildings. Dig deeper ( 2 Min. Read )
By Paul Kiel, ProPublicaJun 18, 2013
Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees. Dig deeper ( 4 Min. Read )
Alexander Reed Kelly / TruthdigApr 30, 2013
This month we learned that regulators will not reveal any shenanigans discovered by the highly paid "independent" consultants big banks hired under orders from the government to review potential wrongdoing on their part in the foreclosure/robo-signing scandal. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 31, 2012
A joint investigation by NPR and ProPublica has rustled up some disquieting trading practices on the part of Freddie Mac that suggest the taxpayer-run mortgage company hasn't exactly done its darndest to help struggling Americans hold on to their homes -- in fact, the opposite may be more the case. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 15, 2012
A sunken housing market has turned foreclosure auctions into feeding grounds for the vultures of American capitalism. Low prices mean plenty of available buildings to be bought, fixed up and sold at a profit. Meanwhile, suffering evictees are nowhere to be seen, except for the rare occasions when they show up to protest or bid on the homes themselves. Dig deeper ( 2 Min. Read )
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Economic Justice
