How to Rehouse the American Dream How to Rehouse the American Dream
Our car-dependent, suburban, homeowner culture is no longer affordable. An exhibit at MoMA examines what to do about it.
Mar 21, 2012 / Books & the Arts / Alex Ulam
Why a Mortgage Cramdown Bill Is Still the Best Bet to Save the Economy Why a Mortgage Cramdown Bill Is Still the Best Bet to Save the Economy
If all underwater mortgages were written down to market value and refinanced, it would add $71 billion a year to the economy and create 1 million jobs.
Oct 20, 2011 / Alex Ulam
The Next Big Housing Crisis? The Next Big Housing Crisis?
Second-lien debt could be a greater threat to bank solvency than the subprime disaster of 2008.
The Bank of America Mortgage Settlement Fiasco The Bank of America Mortgage Settlement Fiasco
Angelo Mozilo, former CEO of Countrywide Financial, has just agreed to pay $67.5 million SEC fine. But the landmark 2008 settlement with Bank of America, which had acquired Country...
Stacked Deck Against Homeowners Stacked Deck Against Homeowners
Legal remedies are not strong enough to save defrauded citizens from losing their homes.