Trump’s Treasury Pick Excelled at Kicking Elderly People Out of Their Homes

By Paul Kiel and Jesse Eisinger / ProPublica Jan 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 )

The Continuing Depopulation of Detroit

By Laura Gottesdiener, TomDispatch Apr 20, 2015 The city that was the arsenal of the 20th century may also provide the blueprint for a more precarious era: 100,000 of its residents are on what many call an eviction “conveyor belt.” Dig deeper ( 13 Min. Read )

Feds Replace Flawed Foreclosure Review With Vague Settlement

By Paul Kiel, ProPublica Jan 10, 2013 The Independent Foreclosure Review was supposed to be a full and fair investigation of the big banks' foreclosure abuses. But Monday morning, the very regulators who launched the program 18 months ago announced that it had all been a massive mistake and shut it down. Dig deeper ( 4 Min. Read )

Housing Market Still Headed in the Wrong Direction

Staff / Truthdig Mar 30, 2011 Saying the word recovery over and over won't change the fact that the U.S. housing market is continuing its nose dive. David Blitzer of S&P tells the BBC, "Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future." Dig deeper ( 1 Min. Read )

Half of Californians Can’t Afford Their Homes

By Joanna Lin, California Watch Dec 17, 2010 More than half of the state's homeowners with a mortgage -- 514 percent -- spend more than 30 percent of their monthly income on housing costs, according to 2005-2009 estimates from the US Census Bureau's American Community Survey (more). Dig deeper ( 1 Min. Read )

Bank of America Ends Foreclosure Ban

Staff / Truthdig Oct 19, 2010 Bank of America said Monday it will resume foreclosures in 23 states. The country's largest bank stopped processing foreclosures nationwide while it investigated a mess of paperwork that cast doubt on the validity of home seizures. A self-imposed ban remains in 27 states. Dig deeper ( 1 Min. Read )

Halt! Who Forecloses There?

Staff / Truthdig Oct 8, 2010 Arriving a little late to the party, Bank of America has announced it is halting home foreclosure sales in all 50 states as it proceeds with a widening investigation of flaws in the process. Dig deeper ( 1 Min. Read )

Housing Sales

Mike Luckovich / Truthdig Aug 25, 2010 Dig deeper

Israel’s ‘Wanton Destruction’

Staff / Truthdig Mar 6, 2009 Human rights investigators are adding yet another alleged war crime to existing accusations of Israel's war-time exuberance, as Amnesty International officials believe Israel's military forces engaged in "wanton destruction" of civilian homes during the bloody assault on Gaza. Dig deeper ( 1 Min. Read )

New Orleans Homes to Be Demolished

Staff / Truthdig Dec 13, 2007 The U.S. Department of Housing and Urban Development plans to demolish thousands of public housing units in New Orleans this weekend, despite an urgent need for affordable homes in the city. This video explains why, and what you can do about it. Dig deeper ( 1 Min. Read )

Home Prices Plummet

Staff / Truthdig Aug 29, 2007 If you're caught up financially in the housing bubble (who isn't these days?), you might want to skip this item. Home prices have fallen by 3.2 percent -- the sharpest drop in 20 years, while the median price for homes has gone down for the 12th consecutive month -- another record. That's not good news for a market eager to return to the good ol' days of easy loans and overpriced homes. Dig deeper ( 1 Min. Read )