John Paulson: Goldman Scandal’s Hero or Villain?
Filed under: News, Economy
A scapegoat is emerging for the U.S. housing market meltdown — and as a reason for more Wall Street regulation — and his name is John Paulson.
As the very smart manager of a hedge fund bearing his name, Paulson and Co., he created a controversial investment vehicle called the Abacus Fund [...]
Top Stories This Week
Filed under: News
Foreclosures are up, interest rates are down, but what really caught your eye was the touching story of an Army wife’s fight for her home. It’s all here on HousingWatch — along with the rest of the top stories this week.
1. Foreclosures Rise in Military, Army Wife Goes to Battle
An increasing number of [...]
Obama to Mortgage Biz and Banks: We’re in This Together
Filed under: News, Economy
It’s becoming a standard play for President Obama. Just as he gave a high-profile speech to seal the deal on the health care overhaul earlier this year, he came to New York City on Thursday to set up the winning shot for financial reform. With Goldman Sachs‘ Lloyd Blankfein seated in the [...]
Fannie Mae’s ‘Deed for Lease’: Right for You?
Filed under: News, Cities, Economy
No longer able to afford your mortgage payment? Thinking about walking away from your underwater house? Really, what you’d like is an affordable way to stay in your current residence until you find a better solution.
Then Fannie Mae’s Deed-for-Lease program might be right for you.
The program was first announced in [...]
Magnetar Hedge Fund: Did It Hasten the Housing Fall?
Filed under: News, Economy
Is it possible that the biggest institutions on Wall Street shorted the U.S. housing market, causing it and the global economy to melt down in orders of magnitude larger than what could have been? It appears to be so….
A magnetar, by definition, sucks everything in and spits even more out. The Chicago-based [...]
Trump’s Apprentices? Real Estate’s Biggest Jerks
Filed under: News, Cities, Economy
There are plenty of real estate tycoons, property owners, and developers resorting to jerky moves to keep their real estate dealings running smoothly. Is it any surprise that some of these “schmucky” situations, as Business Week reports, are no big whoop to those who practice them?
Open practitioners like Donald Trump [...]
Short Sale Properties: Is Now the Time to Buy?
Filed under: News, Economy
Miriam Hoffman has been looking in Los Angeles to buy her first house for over a year. She has put in offers on two “short sale” properties–in each case, waiting months and months for a reply–and neither offer has resulted in a purchase. A short sale is when the proceeds from a [...]
Renters’ Rights Violated by Foreclosed Property Owners
Filed under: News, Cities, Economy
It’s not only homeowners who are under pressure from the real estate market’s slow recovery. Renters are experiencing it, too.
But in their case, it’s often property owners who are applying it, in violation of a law passed last year by President Obama under the Helping Families Save Their Homes Act. [...]
National Campaign Launches to Protect Children and Families from Lead Poisoning
New York, NY, April 20, 2010 – According to a national online survey released today by the Ad Council, only a third of parents in the United States are very concerned that lead poses a health risk to their children. However, lead poisoning affects more than one million children in the United States. If not [...]
HUD Charges Miami Housing Corporation with Discriminating Against Disabled Veteran
WASHINGTON – The U.S. Department of Housing and Urban Development today announced that it is charging the Urban League Housing Corporation of Greater Miami, Inc., its president, and a management company with violating the Fair Housing Act by refusing to make one of its units accessible for a disabled veteran. HUD brings the charge [...]
