201701.11
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Lack of Regulation of ‘Shadow Banking System’ Caused Housing Crisis

The continued narrative that the housing crisis was due to government programs that helped poor people is doubtful explains  researcher at the Sloan School of Management at MIT Antoinette Scholar. She says it isn’t what happened: “A lot of the narrative of the financial crisis has been that this [loan] origination process was broken, and therefore a lot…

201602.21
0

Market for Fixer-Uppers Traps Low-Income Buyers: High-Risk Deals on Shabby Homes Ensnare Buyers

Market for Fixer-Uppers Traps Low-Income Buyers  By MATTHEW GOLDSTEIN and ALEXANDRA STEVENSON New York Times FEB. 20, 2016  Some of the homes in Akron, Ohio, that have been sold through contracts for deeds that have been condemned or have housing code issues. Many derelict houses across the Midwest and the South have been sold to private…

201510.31
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He Built Houses For Years. Now Housing Speculators Are Trying To Hound Him Out Of His Home.

He Built Houses For Years. Now Housing Speculators Are Trying To Hound Him Out Of His Home. BY ALAN PYKE OCT 31, 2015 9:00AM FROM THINK PROGRESS.ORG ECONOMY For decades, Bill Rabolli built firehouses, family homes, and just about anything else people wanted made out of wood in northern New Jersey. A reputation for quality…

201509.26
0

PBS Newshour – Is the foreclosure crisis over yet?

Why the foreclosure crisis isn’t over yet PAUL SOLMAN Business and Economics Correspondent FOLLOW Editor’s Note: This is the story of two housing markets — one that’s doing quite well and another that’s still treading water. Economics correspondent Paul Solman spoke with Nick Retsinas, who teaches real estate at Harvard Business School, about the second,…

201502.26
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The Lawyer Who Went from Fighting for Guant

The Lawyer Who Went from Fighting for Guant