Foreclosure Program
A reader responds to an article about the shortcomings of a program to prevent foreclosures. Go to Source
Seeking to Close Off an Exit
A new report suggests that “strategic defaults,” in which borrowers simply walk away from their loans and properties, may be reaching their peak. Go to Source
Use of Private Process Servers Is Up; Concern Is, Too
The increasing use of private special process servers in foreclosure cases is the subject of a federal lawsuit filed last week. Go to Source
Inspector Says Loan Modification Program Has Fallen Short
Only 340,000 homeowners have had their mortgages permanently adjusted under the program, a small fraction of those needing assistance. Go to Source
Rescued From Blight, Losing Their Grip
Hundreds of once-decrepit buildings relinquished by New York City are falling back into severe financial trouble. Go to Source
A Falling Homeownership Rate
A report by the New York Federal Reserve Bank puts the homeownership rate lower than levels indicated by census data. Go to Source
New York and Unions Press Banks on Foreclosures
The city’s comptroller, John Liu, and several unions hope to get help for people at risk of losing their homes. Go to Source
Walking Away From Million-Dollar Mortgages
The well-to-do have stopped paying their home loans in greater numbers, and apparently with less guilt. Go to Source
The Great Rupture
The impressions of a traveling man: Reinvention is in the air. People are hanging together. Sometimes they aren’t. Go to Source