Archive for the ‘foreclosures’ Category
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Wells Fargo: the loser kid in the corner?
I took this picture Wednesday at the Baltimore Homeownership Preservation Coalition’s 2009 foreclosure prevention workshop.
The event was held at the classy Tremont Grand hotel, and after the opening remarks in a second floor ballroom, I noticed this table set up in the dimly-lit corner, beneath the grand staircase leading to the third floor.
Why did it [...] -
Halting foreclosures
Last week, regulators asked banks to step up and suspend foreclosures until the Obama administration can put in place a plan to help homeowners.
Many others have asked for a moratorium on foreclosures over the last year or so, but the request from the Office of Thrift Supervision seemed to resonate with mortgage lenders, probably because [...] -
Foreclosures down, times still tough
Monthly foreclosure reports are becoming excruciatingly predictable, I think. They seem to me just to underscore the fact, which is becoming rapidly clearer, that Fort Myers, Fla.; Las Vegas; and various McMansion suburbs in Southern California, are not great places to own a house.
RealtyTrac’s January foreclosure numbers came out yesterday, and the good news is [...] -
The global pool of money
I try to listen to NPR podcasts regularly. I admit, it’s partly because I feel obligated as a Web-based journalist - but it’s also because the content is top-notch.
I’m a fan of This American Life, a weekly radio program (and cable TV show, now) out of Chicago. (It airs locally on WYPR, Sundays at 4 [...] -
HOAs in need of bread
Where I grew up in Ellicott City, the Homeowners Association was King. Most decisions about changes to our neighborhood had to be cleared by the all-powerful HOA.
But their power might be draining (if we equate power with money, anyway).
Many HOAs’ access to cash just isn’t what it used to be. Forget pool upkeep or road [...] -
Can an ad campaign solve the foreclosure crisis?
Nationally, home values are still eroding and foreclosure filings are doubling, but thankfully, here in Maryland, we have a new ad campaign to save the day.
“Mortgage Late? Don’t Wait!”
Almost 700,000 postcards have been mailed to at-risk areas in the state with that message.
It’ll also appear on buses and rail cars in Baltimore and PG County. [...] -
Trump as harbinger of housing doom?
Just when you thought having a five-fold increase in the number of foreclosures in Baltimore was a bad thing, America’s most well-known person-brand sees the silver lining.
Tapping into the investment opportunities available in light of people losing their homes, Donald Trump is prepared to show savvy investors how to take advantage of the situation.
Through his [...]