Category: News Clips

Ten major banks are settling with the Federal Reserve to repay bilked borrowers $5.2 billion in direct assistance. The settlement…

The rigging of an international lending rate may have cost Fannie and Freddie Mac $3 billion in borrowing costs. While…

With all the chips on the table, including social and housing programs, all eyes focus on the continuing bargaining as…

As the nation prepares to cut budgets in light of the “fiscal cliff,” federal housing programs for poor households receive…

As the economy slowly improves, persons pressed into crowded households are relocating to new units, but some stay in extended…

A weak but slowly recovering housing industry become the rally point for the US economy as home equity improves to…

Ever-so-slowly moving to reconcile screwing thousands of borrowers, big banks have completed about $22 billion in customer relief through September.…

The plight of mortgage holders appears to have improved somewhat as delinquency rates decline. The priorities of those who overspend…

With high rollers coming to town to take in the F-1 hoopla, Austin police respond to downtown merchants who are…

  Tuesday Report, October 30, 2012 Special to the Texas Low Income Housing Information Service In an attempt to pare…

The Census Bureau shakes out sad numbers from the Great Recession and finds that the housing bust accounts for most…

Some banks are not only too big to fail but they’re too big for cities to serve code violations on…

A cluster of reports and articles on NIMBY movements offer details on the causes and social repercussions of the continuing…

DOJ receives rare praise in financial crisis cases By Aruna Viswanatha        Reuters       May 25, 2012 One part of the Justice…

A news analysis of Texas’ allocation of federal housing funds shows the process fosters continued segregation. Although the HUD programs…

Tuesday Report, April 17, 2012 Special to the Texas Low Income Housing Information Service Wrangling between the Galveston Housing Authority…

Special to the Texas Low Income Housing Information Service by Bo McCarver A few economists are now saying that the…

Compiled by Bo McCarver. Special to the Texas Low Income Housing Information Service As default notices and foreclosures continue, the…

Another federal program to help beleaguered homeowners has fizzled: after two years, less than 3 percent of a $7.6 billion…

Market analysts, eager to see silver linings after years of dark news, perceive a recovery in the housing industry as…

A white paper released by the Fed that offered ways to revive the housing industry has drawn the ire of…

Although big banks are forfeiting $26 billion to settle with the federal government over fraud charges, the main change will…

Present negotiations with big banks over reconciliation of sleazy mortgages would turn much of the enforcement over to states. Thus…

Although big banks are forfeiting $26 billion to settle with the federal government over fraud charges, the main change will…

Reporters snooping into Freddie Mac’s business dealings discover that the quasi-governmental organization makes money by screwing homeowners it’s supposed to…

A settlement between big banks and the government is expected this week. Homeowners screwed by robo-signing and other sleazy scams…

Foreclosure rates dropped by a third last year — but not because of better financial times for homeowners.  Fearing  federal …