Coping with the Foreclosure Crisis
Author | : United States. Congress. Senate |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : Foreclosure |
ISBN | : |
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Author | : United States. Congress. Senate |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : Foreclosure |
ISBN | : |
Author | : United States. Congressional Oversight Panel |
Publisher | : |
Total Pages | : 92 |
Release | : 2009 |
Genre | : Foreclosure |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2009* |
Genre | : |
ISBN | : |
Author | : United States. Congress. Senate |
Publisher | : |
Total Pages | : 84 |
Release | : 2009 |
Genre | : Foreclosure |
ISBN | : |
Author | : United States. Congressional Oversight Panel |
Publisher | : |
Total Pages | : 84 |
Release | : 2009 |
Genre | : Electronic books |
ISBN | : |
Author | : Judith L. Fox |
Publisher | : |
Total Pages | : 38 |
Release | : 2015 |
Genre | : |
ISBN | : |
The foreclosure crisis which began in 2008 is old news; or is it? A lot of attention has been paid to the plight of homeowners struggling to save their homes from foreclosure. Legislative and regulatory changes have made it easier for homeowners to navigate the loss mitigation process. A significant number of people, however, did not try to save their homes. In fact, some actively tried unsuccessfully to give the homes back to their lender. These abandoned homes and abandoned foreclosures have become zombie mortgages. This is the legacy of this crisis.The existence of these homes is well documented and this paper does not seek to prove the problem. Instead, it analyzes some solutions. How can homeowners re-gain control of these homes in order to solve the urban plight problem the foreclosure crisis left in its wake? Current law does not anticipate a bank not seeking foreclosure. Should it? Courts are just beginning to grapple with the situation. No consistent patterns have emerged to deal with the issues. The mortgage industry has argued throughout this crisis that delays in judicial foreclosure are one of the causes of this phenomena. The data has failed to support this hypothesis. On the contrary, this paper argues that the industry used every legal maneuver possible to exacerbate the problem. Lenders have been allowed to enjoy the benefits of the mortgage, while avoiding the burdens. Changes in policy and perception are needed if we are ever to move pass the crisis.
Author | : Christopher E. Herbert |
Publisher | : DIANE Publishing |
Total Pages | : 83 |
Release | : 2010-06 |
Genre | : Law |
ISBN | : 1437929273 |
Analyzes data and trends in the residential housing market and reviews the academic lit. and industry press on the root causes of the current foreclosure crisis (FC). Provides a review of policy responses and recommended actions to mitigate the FC and help prevent similar crises from occurring in the future. Contents: (1) Trends in Delinquencies and Foreclosures: Regional Trends in Foreclosures; (2) Lit. Review: General Lit. on Causes of Foreclosures and Delinquencies; Lit. Assessing Causes of the Current FC; Factors Enabling Expanded Risky Lending; (3) Policy Responses to the FC: Efforts To Address Rising Foreclosures; Efforts To Reduce the Risk of High Rates of Mortgage Foreclosures in the Future; Mortgage Market Reform. Illus.
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 27 |
Release | : 2010 |
Genre | : Foreclosure |
ISBN | : 1437941966 |
This publication highlights MORE-sponsored projects designed to communicate best practices and information about innovative programs to improve conditions in neighborhoods affected by high rates of foreclosure. It also reviews initiatives undertaken by the various Reserve Banks and the Board of Governors to respond to the foreclosure crisis.
Author | : Adam Michaelson |
Publisher | : Penguin |
Total Pages | : 372 |
Release | : 2009-01-06 |
Genre | : Business & Economics |
ISBN | : 1440661936 |
Now in paperback-an inside look at Countrywide Home Loans and the mortgage crisis, from a former mortgage lender executive. In July 2004, Adam Michaelson attended a high-level meeting at Countrywide Financial headquarters about a new loan product that would allow borrowers to pay less than their minimum monthly payment. The "finance jocks" believed that the booming housing market would only get bigger, supporting homeowners in a cycle of borrowing against their houses and refinancing later. They were wrong. And when the bottom dropped out, Countrywide suffered the consequences-as did millions of Americans. With an insider's knowledge and thorough reporting on the impact on American families and the ripple effects on the economy, Michaelson examines the marketing of a mirage and the bad business decisions that destroyed a company, confronts the ethical questions that have arisen in the wake of the foreclosure crisis, and offers creative proposals to prevent such a meltdown from ever happening again.
Author | : Richard J. Durbin |
Publisher | : DIANE Publishing |
Total Pages | : 242 |
Release | : 2009-05 |
Genre | : Law |
ISBN | : 1437912559 |
Witnesses: Thomas Bennett, Bankruptcy Judge, U.S. Bankruptcy Court for the N. Dist. of AL; Jacqueline Cox, Bankruptcy Judge, U.S. Bankruptcy Court for the N. Dist. of IL; Joseph Mason, Drexel Univ.; Nettie McGee, Chicago, IL; Mark Scarberry, Pepperdine School of Law, and Amer. Bankruptcy Inst.; Henry Sommer, Nat. Assoc. of Consumer Bankruptcy Attorneys; Mark Zandi, Moody¿s. Submissions for the Record: Amer. Bankers Assoc.; Financial Serv. Roundtable; Thomas Bennett, Bankruptcy Judge; Erwin Chemerinsky, Duke Univ.; Consumer, and civil rights advocate; Consumer Fed. of Amer.; Consumer Mortgage Coalition; Jacqueline Cox, Bankruptcy Judge; Leadership Conf. on Civil Rights. Illus.