foreclosure

Alex Carter's picture

CAF STAFF

CEO Pay Helped Fuel Subprime Crisis, AFL-CIO Says

bloomberg.com — Pay plans for chief executive officers helped create the subprime-mortgage crisis by encouraging companies to take on too much risk for short-term gains, the AFL-CIO said in an analysis.

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Alex Carter's picture

CAF STAFF

Housing Woes in U.S. Spread Around Globe

nytimes.com — The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices swooning from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India.

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Alex Carter's picture

CAF STAFF

Home foreclosure bill passes Senate

news-press.com — Florida Sens. Bill Nelson and Mel Martinez voted for a housing relief bill Thursday intended to help homeowners and builders, but both expressed disappointment the measure didn't do more to help individuals keep their homes.

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Alex Carter's picture

CAF STAFF

Senate Approves Housing Package

washingtonpost.com — The Senate yesterday gave overwhelming approval to a modest package of tax breaks and other provisions aimed at easing the nation's housing crisis, while Democrats in both chambers pressed for more ambitious legislation to aid more than a million homeowners most at risk of foreclosure.

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Foreclosing of America

Conservatives deregulated the mortgage market in a way that created an incentive to write shoddy mortgages whether the customer could make the payments or not. The resulting industry collapse is sending our financial markets into a tailspin—and throwing middle-class Americans into the street. more »