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State sues five big US lenders

Thu, 01 Dec 2011 00:00:00 -0800

bostonglobe.com - Dec. 01 (News) -

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Wells Fargo is not your amigo

Sat, 29 Oct 2011 00:00:00 -0700

Salon - By Tim Fitzsimons - Oct. 29 (News Analysis) - The banking giant preys on minorities while its executives donate to anti-immigration Republicans

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Refinancing mortgages could get easier

Tue, 18 Oct 2011 00:00:00 -0700

San Francisco Chronicle - Oct. 18 (Other) - Refinancing mortgages could get easier San Francisco Chronicle Jean McGuinness has excellent credit, makes a good income and has never been late on a mortgage payment for the Alameda house she bought eight years ago. She could save several hundred dollars a month by refinancing at today's low interest rates, ... Mortgage rewrites add to debt Cincinnati.com Refinancing Chills US Home Purchases Amid Economic 'Squeeze' Financial Advisor Magazine Getting Mortgage Forgiveness On Home Loan Principal Remains A Focus Amid ... Red, White, and Blue Press Lewiston Sun Journal Authority Empire all 12 news ...

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Gavin Newsom Flees San Francisco

Wed, 13 Jul 2011 00:00:00 -0700

Huffington Post - By Aaron Sankin - Jul. 13 (News Report) - It didn't take long after vacating City Hall for former mayor Gavin Newsom to hightail it out of San Francisco. Wife, daughter and newborn son in tow, the lieutenant governor crossed the Golden Gate Bridge and set up camp inside his in-laws' five bedroom, five bath Marin County estate. Both Newsom and his wife, Jennifer Siebel Newsom, grew up in Marin, so this move must doubtlessly feel like a homecoming for the couple. Newsom went to Redwood High School in Larkspur and his wife attended the Branson School, only a few short steps from her childhood home in Ross.

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'Double-Dip' in Housing Prices Even Worse Than Expected

Tue, 31 May 2011 00:00:00 -0700

Reuters - May. 31 (News) - U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.

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Can the IRS really do this?

Tue, 29 Mar 2011 00:00:00 -0700

Baltimore Sun - By Jay Hancock - Mar. 29 (Opinion) - This is really really disturbing. It seems to reveal a side of the IRS that I never knew existed. According to the NYT's Joe Nocera, an IRS investigator basically stalked ultra-marathoner Charlie Engle because he wondered about how he supported his lifestyle.

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BofA Segregates Almost Half of its Mortgages Into ‘Bad Bank’

Wed, 09 Mar 2011 00:00:00 -0800

Bloomberg - By Dawn Kopecki - Mar. 09 (News) - Bank of America Corp. (BAC), the biggest U.S. lender by assets, is segregating almost half its 13.9 million mortgages into a “bad” bank comprised of its riskiest and worst-performing “legacy” loans, said Terry Laughlin, who is running the new unit.

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Councilman Proposes Lowering City Property Tax Rate - Politics News Story - WBAL Baltimore

Tue, 08 Mar 2011 00:00:00 -0800

WBAL-TV - Mar. 08 (News) -

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A Liberal Is a Villager Who’s Been Screwed By a Mortgage Servicer

Sun, 06 Mar 2011 00:00:00 -0800

Firedoglake - By David Dayen - Mar. 06 (Opinion) - Sometimes it takes only a little shared experience to recognize the major problems in our society. For Milbank to understand the mortgage crisis, he needed to experience it first-hand. And he recognizes that he’s one of the relatively luckier ones; borrowers without his income stream or resources are being forced into foreclosure when they confront these situations.

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U.S. Pushes Mortgage Deal

Thu, 24 Feb 2011 00:00:00 -0800

Wall Street Journal - By Nick Timiraos, Dan Fitzpatrick, Ruth Simon - Feb. 24 (News) - The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America's largest banks to pay for reductions in loan principal worth billions of dollars.

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Home Sales Data Doubted

Tue, 22 Feb 2011 00:00:00 -0800

Wall Street Journal - By Nick Timiraos - Feb. 22 (News Report) - The housing crash may have been more severe than initial estimates have shown. The National Association of Realtors is examining the possibility that it over-counted U.S. home sales dating back as far as 2007.

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Housing Crash Is Hitting Cities Once Thought to Be Stable

Mon, 14 Feb 2011 00:00:00 -0800

New York Times - By David Streitfeld - Feb. 14 (News Report) - The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress to communities once thought to be immune — economically diversified cities where the boom was relatively restrained.

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Maryland's two casinos make $10.8 million in January

Mon, 07 Feb 2011 00:00:00 -0800

Baltimore Sun - Feb. 07 (Opinion) - Maryland's two slots casinos generated nearly $10.8 million in revenue in January as the state's gambling program expands, the Maryland Lottery reported Monday. The Hollywood Casino in ...

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When Irish Eyes Are Crying

Sat, 05 Feb 2011 00:00:00 -0800

Vanity Fair - By Michael Lewis - Feb. 05 (Special Report) - First Iceland. Then Greece. Now Ireland, which headed for bankruptcy with its own mysterious logic. In 2000, suddenly among the richest people in Europe, the Irish decided to buy their country—from one another. After which their banks and government really screwed them. So where’s the rage?

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New Suit Challenges $33M State Center Garage - Citybizlist Baltimore

Wed, 02 Feb 2011 00:00:00 -0800

baltimorerealestate.citybizlist.com - Feb. 02 (News) -

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Floods in Brazil are a result of short-term planning | Natalia Viana

Wed, 02 Feb 2011 00:00:00 -0800

The Guardian - By Natalia Viana - Feb. 02 - Urban planning has never been part of Brazil's political agenda, so when heavy rains come cities are not able to cope As I write, more than two weeks after the floods began in the mountainous region of Rio de Janeiro state, many communities remain isolated due to landslides on the main access roads. More than 800 people died and thousands of people have been displaced in the state, according to official figures. One of the worst affected towns is Santa Rita. Dozens of families still depend on helicopters to deliver food , water, and emergency healthcare. In the town of Teresópolis, people are starting to clear debris in the streets by hand, with shovels and brushes. And in Nova Friburgo, families watch, and cry, as their homes are demolished. In the neighbouring state of São Paulo, the richest in the country, 25 people died because of the heavy rains. In Santa Catarina state, in the south, five people lost their lives and 17,000 had to flee their homes. The January rains in ...

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Foreclosure activity up across most US metro areas

Thu, 27 Jan 2011 00:00:00 -0800

Associated Press - By Associated Press - Jan. 27 (News) - The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits.

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U.S. home prices slide into 'double dip'

Wed, 26 Jan 2011 00:00:00 -0800

Los Angeles Times - By Alejandro Lazo - Jan. 26 (News Report) - After rebounding last year with help from tax incentives, home sale prices fell in November — the fourth month-to-month decline in a row — according to the Case-Shiller Index.

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Stefanos Polyzoides plans to make cities more livable

Sun, 23 Jan 2011 00:00:00 -0800

Los Angeles Times - By Sharon Bernstein - Jan. 23 (News Report) - The architect and his wife, Elizabeth Moule, are among the founders of the New Urbanism movement, a reaction against urban sprawl as well as the so-called urban renewal movement of the 1960s.

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Rx for Catastrophe

Sun, 23 Jan 2011 13:55:00 -0800

Miller-McCune - By Melinda Burns - Jan. 23 (Review) - A book on disaster law and policy urges stronger federal intervention to shore up natural barriers and protect the most vulnerable members of the community. A photograph of a bayou in Louisiana. One law professor looks at disaster law and policy in the

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Lawyer advises foreclosed clients to break back into their homes

Fri, 14 Jan 2011 00:00:00 -0800

Los Angeles Times - By Nate Jackson - Jan. 14 (News Report) - Michael Pines, who was baseball legend Lenny Dykstra's attorney, admits to breaking into homes at least half a dozen times, leaving clients to squat while he defends their legal right to possession.

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Real Estate Rage Erupts in Hangzhou

Tue, 11 Jan 2011 00:00:00 -0800

Wall Street Journal - By Jonathan Shieber - Jan. 11 (News Report) - A week after a story by China’s state broadcaster on affordable housing in Beijing set off a round of riotous complaints, a real riot over real estate erupted in the southern city of Hangzhou.

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The Cost of Success: Life in Beijing's Cellars

Sun, 26 Dec 2010 00:00:00 -0800

Der Spiegel - By Andreas Lorenz - Dec. 26 (Special Report) - As speculators and increasing demand drive up Beijing's real estate prices, those who cannot afford the rent are going underground -- literally. Hundreds of cellars and air-raid shelters are being rented out as living spaces in the Chinese capital.

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Caught by mistake in foreclosure web

Wed, 08 Dec 2010 00:00:00 -0800

Associated Press - By Michelle Conlin - Dec. 08 (Special Report) - By now, you may have heard the stories of bank robo-signers powering through hundreds of foreclosure affidavits a day without verifying a single fact. But most of those involved homeowners who had stopped paying their mortgage. They were genuine defaulters. Now a new species of homeowner is getting pushed into foreclosure hell.

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New York State Begins Planning for Sea Level Rise

Fri, 19 Nov 2010 16:12:02 -0800

Scientific American - Nov. 19 - RISING TIDE: Rising sea levels will not just affect New York City but communities from Long Island all the way up the Hudson River in New York State. Image: Photo by aturkus, courtesy Flickr NEW YORK -- New York state is beginning to take the threat

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