User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Jul 23 2014 12:23 IST RSS 2.0
 
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Not exactly 'Golden Girls,' but seniors use home-share agencies to find roommates, save money 23.7.2014 Star Tribune: Business
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Seniors use roommate-finding agencies to cut costs 23.7.2014 AP Top News
NEW YORK (AP) -- It's not exactly "The Golden Girls," but for Marcia Rosenfeld, it'll do....
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Lee Schafer: High rents reflect shift in living patterns 23.7.2014 Star Tribune: Business
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Daily Digest: Runner recounts close encounter with lightning strike, plus 9 more stories 16.7.2014 Headlines: All Headlines
Your daily resource for late-breaking news, upcoming events, the Denver weather forecast, Denver traffic information, and the stories that will be talked about today, Wednesday, July 16, 2014.
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Citigroup Settlement Offers Former Homeowners 'Cold Comfort' 15.7.2014 NPR News
The Justice Department's settlement with Citigroup offers $2.5 billion for "consumer relief." Critics say it will do nothing for those hurt most by the foreclosure crisis: people who lost their homes.
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Citigroup Agrees To Pay $7B To Resolve Mortgage Investigation 14.7.2014 NPR News
The deal frees Citi from potential liability for collateralized debt obligations as well as mortgage-backed securities issued, structured or underwritten by the company between 2003 and 2008.
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Good news, bad news in foreclosure activity 27.6.2014 Chicago Tribune: Real Estate
In the For Crying Out Loud Department, we have yet another reason the housing market is straining to reach normalcy: there aren't enough ...
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Lew announces expanded housing support 27.6.2014 Salt Lake Tribune
Washington • The Obama administration is extending for another year a program aimed at helping people struggling to avoid foreclosure on their homes, Treasury Secretary Jacob Lew said Thursday. He said the administration is also expanding an effort to increase access to affordable rental housing. In addition, it is launching an effort to revive the portion of the mortgage market backed by private industry. “Families and neighborhoods across the country continue to recover from the financial cris...
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Treasury Secretary Lew announces expanded efforts to assist struggling homeowners and renters 27.6.2014 Star Tribune: Politics
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L.A. City Council to vote on bolstering foreclosure registry 26.6.2014 LA Times: Business
A measure to strengthen Los Angeles' foreclosure registry took a key step forward Wednesday when it won the blessing of two City Council committees.
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How a Private Equity Firm's Home Management Led to a Child's Death 24.6.2014 Mother Jones
This story first appeared on the TomDispatch website. Security is a slippery idea these days—especially when it comes to homes and neighborhoods. Perhaps the most controversial development in America's housing "recovery" is the role played by large private equity firms. In recent years, they have bought up more than 200,000 mostly foreclosed houses nationwide and turned them into rental empires. In the finance and real estate worlds, this development has won praise for helping to raise home values and creating a new financial product known as a "rental-backed security." Many economists and housing advocates, however, have blasted this new model as a way for Wall Street to capitalize on an economic crisis by essentially pushing families out of their homes, then turning around and renting those houses back to them. Caught in the crosshairs are tens of thousands of families now living in these private equity-owned homes. For them, it's not a question of economic debate, but of daily safety and stability. ...
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Veteran of Iraq, Afghanistan finds a mission at home 22.6.2014 LA Times: Opinion
You know how it can be with e-mail. You waste so much time getting rid of the junk, you can miss the good stuff.
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Minneapolis, St. Paul, Brooklyn Park rehab, rebuild more than 1,000 homes 16.6.2014 Star Tribune: Latest
$70 million was spent to refresh neighborhoods.
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Home, Food Or Health Care: A Choice Many Renters Can't Afford 16.6.2014 NPR: All Things Considered
As of 2012, rentals made up 35 percent of American households. Their numbers are growing, but the demand isn't easing rental rates. Many renters now pay more than 50 percent of their income on rent.
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Post-foreclosure evictions haunt some renters 15.6.2014 Chicago Tribune: Popular
Sealing of cases, stipulated by law, not consistent, leading to blemishes on credit records The housing crisis caused thousands of renters to worry about their living arrangements as their apartment buildings went into foreclosure. But another worry may be their credit ...
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Foreclosure-Sale Rules Shut Out Some Willing Buyers: The Foreclosed-Upon 14.6.2014 Wall St. Journal: Policy
Rules designed to discourage borrowers from intentionally defaulting on their mortgage in the hope of buying it back at a lower price—and leaving Fannie, Freddie, investors and banks with losses—also pinch struggling homeowners.
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Apartment building foreclosures plunge in Chicago 13.6.2014 Chicago Tribune: Business
But tenant advocates worry about future in still hard-hit communities Foreclosure cases were filed against almost 2,800 Chicago apartment buildings with 7,700 units last year, the smallest number since the housing crisis began and a sign of the residential market's ...
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Merger plans for St. Paul nonprofits Community NHS and Greater Frogtown CDC 10.6.2014 MinnPost
Two St. Paul nonprofits — Community Neighborhood Housing Services (Community NHS) and Greater Frogtown Community Development Corp. (GFCDC) — will merge this fall and operate under a new name, NeighborWorks Home Partners. Community NHS works on on foreclosure prevention, home improvement loans and new-homeowner education. Greater Frogtown CDC addresses housing problems and has brought $50 million in investment in home improvement loans and grants, single-family housing development, affordable rental housing and multi-family housing to the area since 1995. Both groups will maintain their office locations and staff. Announcing the change, organizers said the merger will strengthen the organizations and increase services for residents of the Frogtown area of St. Paul and the metro area. Ramsey County Commissioner Janice Rettman gave her imprimatur to the merger: “Greater Frogtown CDC’s success is the collective commitment that Frogtown residents are the key decision makers. The dedicated staff carries the ...
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Blighted homes linger in L.A., frustrating neighbors 10.6.2014 LA Times: Business
Jim and Lynda Horan had no idea whom to call when the people who had moved into the foreclosed home next door started trashing the ...
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Homelessness declines as new thinking fuels 'giant untold success' 28.5.2014 MinnPost
A radical change in how states address homelessness has fueled a 17 percent decline in homelessness since 2005 – a trend that has withstood financial panic, a foreclosure crisis, and the Great Recession. The new data come from the  National Alliance to End Homelessness , which sees the recent success as the "giant untold story of the homelessness world," according to Stephen Berg, vice president of policy and programs. The shift comes as the prevailing wisdom that homeless individuals need to get a handle on other social problems in their lives before they can receive housing gives way to new thinking. In recent years, many states have started to flip that idea and have adopted what’s known as a “housing first” approach. “Instead of trying to fix all the problems that homeless people have while they are homeless, [housing first] gets them into housing right away, then they end up taking care of a lot of other problems from a stable home,” Mr. Berg says. It points to an openness to new ways to address ...
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