housing crisis
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The Continuing Depopulation of Detroit

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.”

California Trial Places Mortgage Blame on Bankers

Sep 8, 2014
In an "unprecedented" trial that challenges the Obama administration's official position on who was responsible for the 2008 financial meltdown, a Sacramento jury in late August thwarted a federal prosecutor's effort to charge borrowers with mortgage fraud after the defense successfully argued that executives who signed off on the loans didn't care whether answers given on mortgage applications were accurate.

Big Banks Hit With Monster $250 Billion Lawsuit in Housing Crisis

Jul 17, 2014
In June, investors led by the world’s largest asset manager and the world’s largest bond-fund manager sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for the equivalent of 1 million homeowners with $250,000 in damages suing at one time.