User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Aug 17 2014 10:22 IST RSS 2.0
 
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How the recession changed the landscape for office, retail and industrial 17.8.2014 Twincities.com: Business

Talk of the most recent recession and recovery has centered largely on residential real estate. The recovery has been fitful at best, both broadly and within the housing market.

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Disabled veteran evicted from West Seattle home again 16.8.2014 Seattle Times: Local
The Associated Press
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Housing foreclosures still profitable for investors 15.8.2014 Seattle Times: Business & Technology
While still smaller when compared to the heyday of the mortgage-backed securities market before the financial crisis, demand is expected to grow as institutional investors search for yield and analysts estimate that there are still billions worth of delinquent mortgages in the U.S.
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Disabled veteran evicted from Seattle home 15.8.2014 AP Washington
SEATTLE (AP) -- The King County sheriff's office says deputies have evicted a disabled Vietnam War veteran from a West Seattle home he lost in foreclosure....
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Apartment repossession law has offered no bite 14.8.2014 Chicago Tribune: Nation
Almost 11 months after an ordinance took effect to protect tenants in foreclosed, repossessed rental buildings within Chicago, no enforcement tickets have been issued or fines assessed against building ...
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These 7 Charts Show Why the Rent Is Too Damn High 7.8.2014 Mother Jones
More Americans than ever before are unable to afford rent. Here's a look at why the rent is too damn high and what can be done about it. Part of the problem has to do with simple supply and demand. Millions of Americans lost their homes during the foreclosure crisis, and many of those folks flooded into the rental market. In 2004, 31 percent of US households were renters, according to HUD. Today that number is 35 percent. "With more people trying to get into same number of units you get an incredible pressure on prices," says Shaun Donavan, the former secretary of housing and urban development for the Obama administration. It's not just working-class folks who have been pushed into the rental market. More middle-class Americans are renting too. Alongside the foreclosure crisis, the financial collapse and ensuing recession jacked up unemployment and squeezed incomes . Check out how rental costs compare to renter incomes over the past quarter century: Republicans, in an effort to shore up what they say is ...
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West Side neighbors rally behind woman, 85, being evicted 3.8.2014 Chicago Tribune: Nation
For almost half a century, Alice Polk has lived in the tidy two-story house on Chicago's West Side. Longtime residents call her a neighborhood staple, a woman who raised her family here and always looked out for the community's ...
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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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