A sluggish US economy bodes for tighter pocketbooks that preclude down payments on mortgages. As an alternative, many young Americans…
Tag: Housing news
Bo’s News Clips: Austin Density Bonus Dispute
Key indicators from the housing area suggest that the economy is improving for the average American: almost two million Americans…
Bo’s News Clips: Ratings Agency Overhaul Stalled
Ratings agencies: “can’t live with them and can’t live without them.” Federal efforts to penalize and reform Wall Street rating…
Bo’s News Clips: DOJ sues S&P
As the housing industry slowly recovers, another suit is filed by the Justice Department for business malpractices that fueled the…
Bo’s News Clips: Foreclosures are unfinished business
As critics blast the Obama Administration for neglecting foreclosed homeowners, Fannie and Freddie Mac begin to forgive some homeowners who…
Bo’s News Clips: Housing for West Texas Shale Workers
As the US home building rebounds, West Texas prepares for a huge production in housing units to accommodate workers extracting…
Bo’s News Clips: Fannie Mae Deal Criticized
The deal cut between the Fannie Mae and Bank of America has come under attack by Public Citizen as too…
Bo’s News Clips: Foreclosure Settlement
Ten major banks are settling with the Federal Reserve to repay bilked borrowers $5.2 billion in direct assistance. The settlement…
Bo’s news clips: More affordable housing for Austin’s Mueller community
The rigging of an international lending rate may have cost Fannie and Freddie Mac $3 billion in borrowing costs. While…
Bo’s news clips: Austin looks for new ways to pay for low-income housing
With all the chips on the table, including social and housing programs, all eyes focus on the continuing bargaining as…
Bo’s news clips: S TX housing shortage caused by the area’s oil and gas boom
As the nation prepares to cut budgets in light of the “fiscal cliff,” federal housing programs for poor households receive…
Bo’s news clips: “tiny people, building their tiny houses.”
As the economy slowly improves, persons pressed into crowded households are relocating to new units, but some stay in extended…
Bo’s housing clips: Improvements in national housing economy
A weak but slowly recovering housing industry become the rally point for the US economy as home equity improves to…
Bo’s housing clips: Media focus remains on housing finance
Ever-so-slowly moving to reconcile screwing thousands of borrowers, big banks have completed about $22 billion in customer relief through September.…
Bo’s housing clips: “The ones that do have cars are talking about sleeping in their cars.”
The plight of mortgage holders appears to have improved somewhat as delinquency rates decline. The priorities of those who overspend…
Bo’s housing clips: Austin police get tough on homeless; Arlington votes to waive taxes for expensive apartments
With high rollers coming to town to take in the F-1 hoopla, Austin police respond to downtown merchants who are…
Bo’s housing news clips: Banks sued, offer refunds
Tuesday Report, October 30, 2012 Special to the Texas Low Income Housing Information Service In an attempt to pare…
Bo’s housing news clips: Stunning fall in family net worth
The Census Bureau shakes out sad numbers from the Great Recession and finds that the housing bust accounts for most…
Bo’s housing news clips: Low mortgage rates does not mean more own homes
Some banks are not only too big to fail but they’re too big for cities to serve code violations on…
Bo’s housing news clips: causes and social repercussions of housing segregation
A cluster of reports and articles on NIMBY movements offer details on the causes and social repercussions of the continuing…
Bo McCarver’s housing news clips for May
DOJ receives rare praise in financial crisis cases By Aruna Viswanatha Reuters May 25, 2012 One part of the Justice…
Bo’s housing news clips: Study finds zoning segregates lower-income students in lower-scoring schools.
A news analysis of Texas’ allocation of federal housing funds shows the process fosters continued segregation. Although the HUD programs…
Bo’s housing news clips: National home foreclosures and Galveston housing woes are top stories in recent weeks
Tuesday Report, April 17, 2012 Special to the Texas Low Income Housing Information Service Wrangling between the Galveston Housing Authority…
Bo’s housing news clips: Cost of living in Austin is ‘Out of Reach’ for most renters
Special to the Texas Low Income Housing Information Service by Bo McCarver A few economists are now saying that the…
Bo’s housing clips: Battered by crisis, poor still find paths to home ownership
Compiled by Bo McCarver. Special to the Texas Low Income Housing Information Service As default notices and foreclosures continue, the…
Bo McCarver’s weekly housing news compilation, 3-6-2012
Another federal program to help beleaguered homeowners has fizzled: after two years, less than 3 percent of a $7.6 billion…
Bo McCarver’s weekly housing news compilation, 2-28-2012
Market analysts, eager to see silver linings after years of dark news, perceive a recovery in the housing industry as…
Bo McCarver’s weekly housing news compilation, 2-21-2012
A white paper released by the Fed that offered ways to revive the housing industry has drawn the ire of…
Bo McCarver’s weekly housing news compilation, 2-14-2012
Although big banks are forfeiting $26 billion to settle with the federal government over fraud charges, the main change will…
Bo McCarver’s weekly housing news compilation, 2-7-2012
Present negotiations with big banks over reconciliation of sleazy mortgages would turn much of the enforcement over to states. Thus…