Tag Archives: moderate income families

Non-Profits Buying Foreclosures At A Discount

Many non-profit groups are buying foreclosures at a discount before they go on the market for speculators. Redevelopment agencies are working with non-profits to try to revitalize neighborhoods affected by a rash of foreclosures, but their efforts are tiny compared … Continue reading

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The Root of the Subprime Crisis

Letter to the Editor of the Washington Post: It wasn’t the CRA that created the subprime mess but the proliferation of unregulated mortgage originators during the housing boom, financed in part by the government-sponsored enterprises Fannie Mae and Freddie Mac. … Continue reading

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Home Loan Counseling

WASHINGTON – Hundreds of thousands of American families will have a greater opportunity to find housing or keep the homes they have because of $50 million in housing counseling and counseling training grants announced today by U.S. Housing and Urban … Continue reading

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Why Do We Subsidize Home Ownership?

Robert Samuelson writes: The real lessons of the housing crisis have gotten lost. It’s routinely portrayed as the financial system run amok; the housing market became a casino. Does every house need a "home entertainment center"? Let’s count the conspicuous … Continue reading

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Mortgage Bailouts & You

From the Desert Sun: The housing industry plays a critical role in the nation’s economy. Housing and housing-related services account for about 15 percent of the gross domestic product. As housing goes, so goes the economy. Congress is considering a … Continue reading

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