Housing

The Good and Bad Housing News in the February Jobs Report

One of the challenges to economic recovery in the U.S. has been the glut of houses on the market as a result of the burst housing bubble that caused the great recession in the first place. A robust, job-creating recovery typically relies heavily on the construction sector for a substantial portion of the jobs created–I’ve seen numbers …

Outline of the $25 Billion Mortgage Settlement

It’s been a long slog, but government officials and representatives from major U.S. banks have reportedly come to terms on a settlement that would put an end to federal and state investigations into alleged foreclosure abuses by financial institutions.

The White House will announce the official details early this afternoon, but …

You’re Going to Hear a Lot About Eric Schneiderman

He’s the guy who bucked the Obama administration on a nationwide investigation into foreclosure fraud and got booted from the executive committee of state attorneys general who are working to reach a settlement with banks. The disagreement between Schneiderman, New York’s AG, and Treasury Secretary Tim Geithner, HUD’s Shaun Donovan and …