Sentences with phrase «foreclosure crisis»

The phrase "foreclosure crisis" refers to a situation where many homeowners are unable to pay their mortgage loans, leading to a large number of houses being taken away by banks or lenders. Full definition
But then came the mortgage foreclosure crisis, followed by a full - scale housing market crash.
In fact, it's a crime in all 50 states to abandon an animal, an issue brought into sharp and painful relief during the ongoing home foreclosure crisis.
The mortgage and foreclosure crisis wiped out their capital reserves, and some began to question the very existence of the historic housing agency.
Some now talking about high mandated down - payment requirements blame low - and middle - income families for triggering the devastating foreclosure crisis that sent our national economy into a deep recession.
A growing number of animals are becoming victims of the economic downturn and the housing foreclosure crisis.
But then came the mortgage foreclosure crisis, followed by a full - scale housing market crash.
The mortgage and foreclosure crisis wiped out their capital reserves, and some began to question the very existence of the historic housing agency.
«We're in the worst foreclosure crisis in modern American history,» Michael Calhoun, the organization's president and chief operating officer, said at a press conference in late December.
The national foreclosure crisis has created a growth in foreclosure law and a demand for legal professionals who can help protect the rights of lenders, investors, business owners and homeowners and guide them through the foreclosure process.
Additionally, the official MFPP website will provide citizens tools to combat foreclosure crisis, including access to all educational materials, video presentations, and an online system designed to streamline the foreclosure case submission process.
Ensuring that borrowers are not victimized by «junk fees» and excessive charges: The CRL asserts that the recent foreclosure crisis was caused by ``... reckless and predatory lending practices and toxic financial products [and] not by any policy goal aimed at increasing home ownership.»
City Comptroller John Liu is leading a coalition of government, civic and religious leaders in a charge to implore banks to change their practices in order to help stem the rising foreclosure crisis wreaking havoc on the New York economy.
After the housing market collapse and subsequent foreclosure crisis, lenders are still skittish and unwilling to take on what they may see as unnecessary risk.
This morning, the U.S. Conference of Mayors (USCM) unveiled a grim report detailing how spiraling losses from the residential foreclosure crisis will rattle the nation's largest metro areas.
Follows is our more indepth analysis of this issue that could be serious enough to drive us into the next foreclosure crisis.
Jonathan Gray of Blackstone Group LP went on the biggest homebuying spree in history after the U.S. foreclosure crisis, purchasing repossessed properties from the courthouse steps and through online auctions.
In an editorial this Sunday, The New York Times blasted those who warn of a new foreclosure crisis stemming from the recent loosening of credit standards for cash - strapped borrowers.
One of the main reasons Tampa has been particularly attractive to real estate investors is the availability of distressed inventory, due to the past foreclosure crisis.
With the current foreclosure crisis in this country, many, including NAR, are working to reverse this law.
The case has a David and Goliath element, pointing to controversy involving big banks and their role in an ongoing home foreclosure crisis and a stalled recovery of the feeble real estate market.
To date, it's been primarily overreaching, greedy mortgage companies that have played the role of the villains in the national mortgage foreclosure crisis.
NEW YORK - Senator Jeff Klein (D - Bronx / Westchester) will join representatives from Westchester Residential Opportunities, Inc (WRO), Housing Action Council, Community Housing Innovation, Housing Development Services of Westchester, the New York State Banking Department, FDIC New York, Westchester homeowners and other elected officials in combating the current foreclosure crisis by asking experts tough questions regarding how Westchester residents can save their homes and neighborhoods.
The mortgage and foreclosure crisis wiped out their capital reserves, and some began to question the very existence of the historic housing agency.
If you were a homeowner in danger of losing your home at the height of the foreclosure crisis, chances are you soon discovered that your bank's mortgage servicing division was a mess.
The foreclosure crisis has shown that the status quo is untenable.
Surprisingly, Detroit, which has been the poster child for the dilapidated and abandoned properties left behind by the foreclosure crisis, leads the country in increased flipping activity with a 4.8 percentage points jump between 2015 and 2016.
Paul Kiel covers business and the economy for ProPublica, reporting on the foreclosure crisis, consumer debt and other financial issues.
Wells Fargo should be «ashamed» of its part in the foreclosure crisis, chanted the demonstrators, who one time dispersed...
Measures of negative equity have become a key component in crafting policies to address the foreclosure crisis, as these borrowers are twice as likely to be seriously delinquent or in default on their first - lien mortgage compared with positive equity borrowers.
«The student loan debt crisis is having a serious impact on our economy, the largest since the mortgage foreclosure crisis,» contends Illinois Attorney General Lisa Madigan, whose office has been tracking the student loan industry for years and drafted the bill that Rauner spiked.
That's a stunning result given the mortgage and home foreclosure crisis and the generally under - saved and highly indebted condition threatening the retirement of millions of boomers.
These insurance providers took huge losses during the foreclosure crisis that began in 2008 (and is still ongoing).
If the true number of Imminently at - risk loans is somewhere between 13 and 15 million, the default and foreclosure crisis is about 60 % over.
All three of those metros were epicenters of the foreclosure crisis but have seen foreclosure activity consistently decline over the past two to three years.
But the Federal Reserve recently wrote a white paper advocating so called deed - for - lease programs as a way to help the housing market and alleviate the foreclosure crisis.
As horrible as my wife and I felt at the time, the pain of what that woman and so many others experienced during the height of the foreclosure crisis still felt distant.
We were grappling with how best to elevate affordable housing legislation and advocacy after already passing historic national housing legislation in the wake of the foreclosure crisis.
AG Eric Schneiderman applauds President Obama's replacement of Edward DeMarco, who served as acting director of the Federal Housing Finance Agency, but says more needs to be done to resolve the foreclosure crisis.
«Communities across the state are blighted by vacant and abandoned properties, a problem made worse by the foreclosure crisis,» Schneiderman said in a statement.
I'd really like to be enthusiastic about the announcement of a new federal investigatory task force looking at the foreclosure crisis.
Also at 12:30 p.m., «sounding the alarm» on the need for additional funds to address New York's foreclosure crisis, IDC members and Assembly Democrats will join Foreclosure Prevention Network Organizations to release a white paper and call for $ 30 million over two years for foreclosure prevention legal services, Room 124, state Capitol, Albany.

Phrases with «foreclosure crisis»

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