User: demo Topic: Housing
Category: Foreclosure Impacts on Renters
Last updated: Dec 03 2016 03:47 IST RSS 2.0
 
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Trump voter lost her home to bank formerly run by new Treasury secretary 2.12.2016 Minnesota Public Radio: Business
Teena Colebrook had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington, D.C. And she knew Trump's pick for Treasury, Steven Mnuchin, all too well.
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Trump voter lost her home to new Treasury secretary 2.12.2016 Minnesota Public Radio: Law & Justice
Teena Colebrook had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington, D.C. And she knew Trump's pick for Treasury, Steven Mnuchin, all too well.
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Trump voter lost her home to new Treasury secretary 2.12.2016 Seattle Times: Top stories

WASHINGTON (AP) — When Donald Trump named his Treasury secretary, Teena Colebrook felt her heart sink. She had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington, D.C. And she knew Trump’s pick for Treasury_Steven Mnuchin_all too well. OneWest, a bank formerly owned by a […]
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Trump voter lost her home to new Treasury secretary 2.12.2016 AP Business
WASHINGTON (AP) -- When Donald Trump named his Treasury secretary, Teena Colebrook felt her heart sink....
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Steve Mnuchin: Evictor, Forecloser, and Our New Treasury Secretary 30.11.2016 American Prospect
AP Photo/Carolyn Kaster Steven Mnuchin, national finance chairman of President-elect Donald Trump's campaign, arrives at Trump Tower, Monday, November 21, 2016 in New York, to meet with President-elect Donald Trump.  Throughout his presidential campaign, Donald Trump criticized Wall Street bankers for their excessive political influence and attacked hedge-fund managers for getting away with “murder” under the current tax code. “The hedge-fund guys didn’t build this country,” Trump said on Face the Nation. “These are guys that shift paper around and they get lucky.” Now, however, Trump has tapped Steve Mnuchin, a 53-year-old Wall Street hedge-fund and banking mogul—and, since May, his campaign-finance chair—to be the nation’s secretary of the Treasury. Trump’s earlier rhetoric aside, it’s actually a good match. Both Trump and Mnuchin earned their first fortunes the old fashion way: They inherited them. Trump took over his father Fred’s real-estate empire and expanded it through questionable business ...
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Group aims to preserve affordable housing on gentrifying Northwest Side 12.11.2016 Chicago Tribune: Business
Four years ago, Gabriela Perez was a tenant living in a four-flat in foreclosure, worried her family would be tossed out on the street. Today, Perez and her children remain in the same — but now remodeled — two-bedroom apartment because a local community group, a mission-based developer and a ...
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Can New CEO Tim Sloan Fix Scandal-Plagued Wells Fargo’s Corporate Culture? 28.10.2016 American Prospect
AP Photo/Richard Drew Wells Fargo Senior Executive Vice President and Chief Financial Officer Timothy J. Sloan is interviewed on the floor of the New York Stock Exchange, Wednesday, November 13, 2013.  Scandal-plagued Wells Fargo’s recent selection of long-time bank insider Tim Sloan to replace John Stumpf as its CEO has done little to mollify critics, given Sloan’s central management role during more than a decade of consumer and community complaints. Sloan has largely escaped scrutiny during the thumping Wells Fargo has taken from Congress, the media, and bank reform activists for boosting its own stock price by secretly creating more than two million unauthorized checking and credit-card accounts. As lawmakers and state and federal regulators line up to investigate the bank following Stumpf’s resignation, Sloan now replaces him on the hot seat. Sloan’s role as a member of the bank’s inner circle at a time when Wells Fargo stood accused of reckless and discriminatory practices is sure to interest ...
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Trump Mega-Donor Geoff Palmer is Also LA’s Most Controversial Developer 19.9.2016 American Prospect
Los Angeles real estate developer Geoff Palmer has emerged as one of Donald Trump’s biggest sugar daddies. Well known in Los Angeles for his ostentatious luxury apartment complexes, as well as his opposition to affordable housing, Palmer contributed $2 million in June to the pro-Trump super PAC, Rebuilding America Now. Palmer and Trump have much in common. Both grew up in wealthy families. Trump’s father, Fred Trump, was a big-time developer of middle-class apartment complexes in New York. Palmer’s dad, Daniel Saxon Palmer , was a prominent Los Angeles architect who designed modernist tract homes for the region’s booming postwar suburbs. Both sons have family secrets that shaped their careers and their identities. The elder Trump was once arrested at a Ku Klux Klan rally in 1927. (He and Donald were later charged by the federal government for violating anti-discrimination laws for banning black tenants in his apartments). The elder Palmer was born Dan Weissinger in Hungary in 1920, but gave himself as ...
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Hot Property: Extended prime time 27.8.2016 LA Times: Commentary
Late August is typically not the best time of year to list your home. People wanting to get their kids settled in schools already have made their housing selections, realty agents traditionally head to the Riviera (or at least we like to imagine that's where they vacation) and sales slow. The hot...
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At Cal State, student homelessness has been hidden until now 26.8.2016 LA Times: Commentary

Racing from her last class of the day at Cal State Long Beach, Shellv Candler had about an hour to get to Wilmington. Her mother was trying to save her a bed at the Doors of Hope Women’s Shelter, but curfew was 6:45 sharp. 

The college student’s commute by bus and train was stressful. But she and...

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Lawsuit claims loan-service companies overcharged Latino families 24.8.2016 SFGate: Business & Technology
In a suit filed in federal court in San Francisco, the Justice Department alleged that The Home Loan Auditors, Century Law Center, SOE Assistance Center, their owners and a law firm lured customers, many of whom had limited English skills, with false promises that audits of their existing loans would result in lower interest rates, loan extensions or reductions in the amounts they owed. In 2009 and 2010, the companies marketed their services with Spanish-language radio ads, a twice-a-week radio show, mailers and sales pitches, urging Latinos to join the hundreds of others who had reduced their debts, and showing pictures of supposedly satisfied clients, the suit said. Instructed by the company to stop making mortgage payments while awaiting modifications, both men saw their properties go into foreclosure, and each wound up losing his rental property, the suit said. “Hispanic families struggling to stay in their homes do not need empty promises that make their housing and financial situations worse,” ...
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Getting a new mortgage after a foreclosure 21.8.2016 LA Times: Commentary
Dear Liz: Is it true that we can't refinance our home until seven years after a foreclosure? We lost a rental property six years ago. Our credit scores now are in the 740 range, and we are anxious to take advantage of lower rates since our mortgage rate is 5.75%. Other than the foreclosure, our...
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5 tips to bounce back after a foreclosure or short sale 11.8.2016 Seattle Times: Top stories

Philip and Denise Powell lost their home in 2011 after Philip’s hours as a pastor were cut in half and Denise was sidelined by a surgery. But they were determined to become homeowners again, so they rolled up their sleeves and got to work. The Highland, California, couple got financial counseling. They took control of […]
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5 tips to bounce back after a foreclosure or short sale 11.8.2016 AP Business
Philip and Denise Powell lost their home in 2011 after Philip's hours as a pastor were cut in half and Denise was sidelined by a surgery. But they were determined to become homeowners again, so they rolled up their sleeves and got to work....
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As US housing recovers, low incomes keep Detroit far behind 7.8.2016 AP Business
DETROIT (AP) -- Ann and Oscar Mack had fallen behind on property taxes and knew they faced foreclosure on their home of 20 years. But they didn't know their house on Maiden Street, in a blighted east side Detroit neighborhood, was already listed for auction....
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As US housing recovers, low incomes keep Detroit far behind 7.8.2016 Seattle Times: Top stories

DETROIT (AP) — Ann and Oscar Mack had fallen behind on property taxes and knew they faced foreclosure on their home of 20 years. But they didn’t know their house on Maiden Street, in a blighted east side Detroit neighborhood, was already listed for auction. No one “let us know we were about to lose […]
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Foreclosures continue to haunt displaced homeowners in metro Denver 13.7.2016 Denver Post: Business
Metro Denver residents who lost their homes in foreclosure during the Great Recession must endure yet another indignity all these years later: watching on the sidelines as the properties they once owned skyrocket in value at some of the highest rates in the country.
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Exceptions to rule: Big cities where homes remain affordable 12.7.2016 Seattle Times: Top stories

ST. LOUIS (AP) — Until recently, Christina Brouk was living with her parents. Now, still in her early 20s, she’s living the American dream of home ownership — the same dream that’s grown elusive for many young adults since the housing bubble peaked 10 years ago. Homes in many areas of the United States have […]
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Housing bubble or not? Signs here not clear — yet 9.7.2016 Seattle Times: Business & Technology

The rapidly climbing price of Seattle homes could be the symptom of a real-estate bubble, or proof of its strong economy. The arguments, pro and con.
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Did conspiracy group help fugitives escape? 7.7.2016 CNN: Top Stories
John and Julieanne Dimitrion scammed good people out of their homes, the FBI says, and then they disappeared.
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