Some San Francisco companies donated thousands to oppose a tax hike on wealthy businesses to help fund affordable housing and mental health services.
One of the president’s closest friends, Southern California billionaire Thomas J. Barrack (pictured), bought up homes during the Great Recession, bumped up rents and allowed the properties to fall into disrepair.
There has been much talk about the maladies that afflict Baltimore. One of the most visible should also be one of the most straightforward to address: its enormous stock of derelict, abandoned housing.
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.”
Despite efforts to blame the housing crisis on lower-income buyers, the truth is that the rich had a greater impact on the economy by defaulting on significantly larger mortgages.
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.
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.
A story of a private equity firm, a missing pool fence, and the death of a two-year-old child raises troubling questions about how, as a nation, we define security in housing and why, in the midst of what’s regularly termed a “recovery,” many neighborhoods may actually be growing increasingly vulnerable.
Bank of America to pay $9.5 bn over mortgage bonds (via AFP) Bank of America will pay $9.5 billion to settle US charges that it sold bad...