THURSDAY | FEBRUARY 23, 2012
States, Banks Reach Foreclosure-Abuse Settlement
Derek Kravitz | AP Real Estate Writer
WASHINGTON (AP) — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate [...]
Millions of Families Three Months Away from Poverty
Susannah Nesmith | Special to Equal Voice News
February 1, 2012
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MIAMI ‒ When it’s time for bed, 10-year-old Miguel Abreu retrieves a deflated air mattress wedged between a bookcase and the wall in his aunt’s tiny apartment in Florida City, south of Miami. He quietly unfolds it in the middle of the dining/living room and hooks up [...]
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Ala. Family Lives Amid Rubble From April Tornado
Jay Reese | Associated Press
January 10, 2012
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TUSCALOOSA, Ala. (AP) — Geraldine Horton steps out of her apartment into a broken world that looks much as it did the day after a killer tornado plowed through town last spring. Buildings are sliced in two across the street from her home and next door; broken bricks litter her [...]
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Texas Organizing Project members are celebrating a victory for Houston neighborhoods after securing an agreement with Mayor Annise Parker that will dedicate $60 million of Hurricane Ike Recovery Funds to repair single-family homes. The victory was sealed Dec. 6, after a unanimous vote from the Houston City Council. The historic vote comes on the heels [...]
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Survey Examines Recession Impact on Nation’s Children
By Cristina Silva | Associated Press
August 23, 2011
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Press LAS VEGAS (AP) — Karla Washington worries how she will afford new school uniforms for her five-year-old daughter. Washington, an undergraduate student, earns less than $11,000 a year from a part-time university job. The salary must cover food, rent, health care, child care and the occasional splurge on a [...]
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Faces of Foreclosure: Home from War and Facing Eviction
Donald Barlett and James Steele | New America Media
August 22, 2011
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CAPE CORAL, Fla. – After the Second World War, returning veterans were welcomed home to two of the most successful government initiatives ever ” the FHA and VA housing programs ” which put millions of them into their own homes for the first time. Today, later [...]
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Foreclosures Mount, Mediation Efforts Fail
By Kat Aaron and Mary Kane | New America Media
August 22, 2011
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PRINCE GEORGE’S COUNTY, Md. — A widely touted strategy aimed at keeping Maryland residents from losing their homes by bringing banks and homeowners to the bargaining table has met with little success as the nation braces for another wave of foreclosures. Maryland passed a law [...]
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WASHINGTON – It’s taken a plunging stock market, the deficit debate, foreclosure signs on neighborhood houses and the threat of a double-dip recession to force Americans to say it out loud: Poverty. Some worry that the conversation about the “P” word is more about the “nouveau poor” than about [...]
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Faces of Foreclosure: Back to the Mobile Home
By Brenda Rosales Rincon | New America Media
August 18, 2011
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INDIO, Calif. — Santiago Vargas sits on a wooden bench under the awning of his mobile home, looking at another bill he just picked up from his mailbox. “I thought the American Dream meant owning your home, but for me it was just paying bills,” he said [...]
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Faces of Foreclosure: Senior Loses Her Independence
By Ngoc Nguyen | New America Media
August 8, 2011
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ANTIOCH, Calif. — In 2005, Ethel Gist bought her “dream home” in a gated retirement community in Brentwood, Calif. Now three generations of Gist’s family members are living under one roof in a rented house in Antioch. The loss of their homes has thrown their lives into upheaval. [...]
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