Articles about Foreclosure Crisis
The economy is said to be recovering from the foreclosure triggered crisis that led to the deepest recession. But the steps towards this progress are small and hesitant. The million dollar question haunting experts and policy leaders is what can be done so that it is not repeated? The best would be to admit there [...]
The Blacks in USA are divided. Many of them feel Obama has let them down during this time of crisis and they are suffering disproportionately from unemployment and loss of homes. Rev. Al Sharpton of National Black Action Network has opposed Television and radio celebrity Tavis Smiley who is sponsoring a symposium at Chicago State [...]
The foreclosure crisis has downed shutters on days of giving replacing it with an age of taking. In Tracy, California there was a news item that read “Tracy residents will now have to pay every time they call 911 for a medical emergency. But there are a couple of options. Residents can pay a $48 [...]
At the time of the housing zoom the older localities of cities across USA fell victims to predatory lending activities in mortgage matters. This was possible because of infinite capacity of Wall Street to pour in money for these nefarious home loans. The standards of the lenders were intentionally lowered and there was rampant corruption [...]
Many of the elderly are having to retire early and are becoming dependent entirely upon Social Security but this too is not without difficulties. The earlier the retirees start drawing on their Social Security the less will be the amount. The policy had been introduced as an incentive to the people to go on working [...]
While stepping into office on 19th January, Tuesday, Governor Christopher J. Christie said he would make the best of the “last, best hope” to turn around the decline and erase the left over scars from the foreclosure crisis. The 55th governor of the state promised to break up the partisan deadlock and bring in changes [...]
The local groups dealing with charity have noted a significant increase in the number of homeless people in San Francisco fueled by the foreclosure crisis. They are without food and shelter. The composition of the needy has changed with many of them being first timers seeking such help. Moreover it is not just about food [...]
Since the recession has been so intense and deep, recovery too from the crisis will take time. The first indication would be job generation. Without jobs any talk about recovery would be futile. The people must have money in their pockets to spend and thus generate demand. Secondly prices in the housing sector would have [...]
