Posts Tagged ‘richmond’

Our Housing Market’s Recovery is Eminent… Get It?

Written on 10 Jan, 2014 at 11:43

Despite some very nasty threats of retaliation from Wall Street and Washington, something like two dozen new cities are now reportedly joining the efforts to potentially head off home foreclosures by using eminent domain to seize mortgages and write them... (Continue reading)

Tagged with: #eminentdomain #housingrecovery American Civil Liberties Union American Securitization Forum ASF ASF Executive Director Tom Deutsch bank of america California Cornell law professor Robert Hockett Department of Housing and Urban Development diana olick discussing the use of eminent domain economic recovery economy eminent domain Federal Housing Finance Agency foreclosure crisis foreclosures HAMP hockett's municipal plan Housing Crisis and Policy Solutions housing hype housing market recivery housing market recovery impac mortgage Jeb Hensarling jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing mortgage servicers municipal plan NACA prevent foreclosure richmond richmond california Richmondâ€™s Mayor Gayle McLaughlin Robert Hockett Securities Industry and Financial Markets Association seize mortgage seize mortgages and write them down for homeowners SIFMA trial modifications

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

Written on 5 Dec, 2013 at 8:59

This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be "human". ... (Continue reading)

Tagged with: Afghanistan bank accounting rules bank of america bankruptcy bond market Center for Responsible Lending citibank consumer spending deficit spending eminent domain extend and pretend FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure and race foreclosure crisis General Motors get out of debt greece economy Gulf of Mexico HAMP housing market housing prices Indymac bank japan economy jpmorgan chase loan modifications mandelman mandelman matters martin andelman medicare mortgage refinancing NACA national debt obama administration richmond social security spain economy stimulus sub-prime borrowers sub-prime loans TARP Treasury Secretary Tim Geithner triple A U.S. Census Department wall street bankers wells fargo bank

Carpe Domum! Foreclosures destroy Richmond, California.

Written on 30 Sep, 2013 at 1:26

Dear Richmond... You're being outright threatened by literally ALL THE MONEY IN THE WORLD, and I don't think there's any question that they will, if nothing else, attempt to force you to drop the whole thing by tying you up... (Continue reading)

Tagged with: foreclosure crisis foreclosures foreclosures in richmond ca HAMP loan modifications Making Home Affordable Plan mortgage crisis Mortgage Resolution Partners mortgage servicers NACA principal reduction richmond trial modifications U.S. District Court Judge Breyer

Interest Rates Play Havoc with Banks, Bonds and Borrowers

Written on 1 Aug, 2013 at 8:50

Long-term interest rates rising means different things to different people, but none of it's good. Higher long-term rates makes it much more expensive for state and local governments to borrow money, and you can probably guess how that would... (Continue reading)

Tagged with: Ability to Repay and Qualified Mortgage Rule Bill Fleckenstein bond bubble California CFPB new rules diana olick economic recovery economy eminent domain Fannie Mae Federal Reserve Chairman Ben Bernanke FHAâ€™s increasing costs foreclosure crisis foreclosures Frank and broan Freddie Mac Gayle McLaughlin HAMP interest rates rising King World News loan modification loan modifications LPS Mortgage Monitor report Making Home Affordable Plan mandelman mandelman matters martin andelman Mish Shedlock mortgage bankers association mortgage crisis mortgage delinquencies spike mortgage refinancing mortgage servicers NACA National Real Estate Post president obama president obama to address climate change in second term recession richmond TARP trial modifications yield on 10-year Treasuries