Foreclosures are not Sparing Ailing Elders
Monday, January 25
Foreclosures are not sparing ailing elders like Ella Kleen a long time resident of Santa Cruz. Her son Carl is busy packing as they have few more days before being evicted from their tainted house. What they will do after leaving remains a big question mark. For the Keens recently life has been...
Foreclosure Crisis has Raked up Issues relating to Racial Disparities
Monday, January 25
A recent report analyzing the impact of the foreclosure crisis has raked up issues relating to racial disparities. It seems that the Blacks and Hispanics are bearing the main thrust of the recession. The policies being formulated should address this yawning divide. The report has been titled “St...
Questions are being Posed about the Connection between Kashkari
Wednesday, January 20
When the foreclosure crisis was raging William H. Gross the founder and one of the top investors of Pimco, known for his wit and frequent appearances on television (CNBC) used to offer advice frequently to the Treasury regarding the handling of the bailout. The official strategy of Pimco was t...
Lenders escape Court Sanctions aiming to Expedite the Process
Wednesday, January 20
Foreclosing lenders have escaped court sanctions aiming to expedite the process or making them bear common expenses. The Third District Court of Appeal has shattered the attempts of communities having shared amenities to compel the foreclosing lenders to bear the common costs. It is a common stor...
Banks are Crying out that they Should not be Vilified for the Foreclosure Crisis
Monday, January 18
Wall Street is poised to hand out billions as bonus to its top executives leading to a hue and cry. But the banks are crying out that they should not be vilified for the foreclosure crisis. Jamie Dimon, CEO of JPMorgan Chase speaking at a conference complained, “I am a little tired of the constan...
Obama Government lashes out at Tardiness of Foreclosure Prevention Steps
Sunday, January 17
The Obama government is lashing out at the tardiness of foreclosure prevention steps and is planning to hit out at the mortgage firms that are not doing enough to help the harassed borrowers. The sluggish pace of the efforts to prevent foreclosures has angered the administration and in the forthc...