Today’s Foreclosure NewsUpdate of July 16, 2009: There is a new federal law that went into effect May 20, 2009 to protect tenants who would be victims of foreclosure. See article. Foreclosures, locally and nationally, are up and it is affecting more than homeowners. Many unsuspecting renters, through no fault of their own, are being forced out [...]
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Why don’t they just go to Vegas with their money? Mortgage pain, teachers’ gain? The Teacher Retirement System of Texas will invest $250 million in a new mortgage-linked debt fund from BlackRock Inc., one of the world’s largest money managers. The BlackRock fund contains $15.5 billion in loans the company bought in May from troubled [...]
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The moral is when borrowers get taken by brokers and bad loans, nothing much happens. Nobody wants to help them because they are demonized as the people who should have known better. But when banks and other institutional investors make bad decisions — investments they undoubtedly have a better chance and opportunity to understand as [...]
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On Wednesday Robert Doggett, in response to an invitation from the committee, testified on the behalf of TxLIHIS before the Texas House of Representatives Financial Institutions Committee. The committee was conducting an interim hearing on an interim charge to: “Monitor federal rules and regulations on lending and determine the state’s role in regulating issues that [...]
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A special program about the housing crisis produced in a special collaboration with NPR News. We explain it all to you. What does the housing crisis have to do with the turmoil on Wall Street? Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much [...]
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