This opinion piece by LeeAnn Hall originally appeared in the Seattle Times. By LeeAnn Hall and Will Pittz While the recession officially ended in 2009, there are still over 9 million households across the country with homes worth less than the value of their mortgage. There are still neighborhoods in Seattle where more than 20Continue reading “Changing the Way We Help Underwater Homeowners”
Category Archives: housing market
Tools to Rescue Underwater Homeowners When Outreach Isn’t Enough
As previously discussed in Alliance reports, the housing crisis is over for some, but there are still millions of homeowners across the country struggling to pay off mortgages that are valued at more than the current worth of their homes. When combined with a sluggish labor market forcing many families to make due on lessContinue reading “Tools to Rescue Underwater Homeowners When Outreach Isn’t Enough”
Seeking Creative Ways to Help Underwater Homeowners
In 2007, the nation’s housing bubble burst, leading to the Great Recession of 2008 and a rapid drop in property values across the country. While the recession officially ended in 2009, more than 9 million homeowners across the country still have mortgages on homes that are now worth less than they owe. These underwater mortgagesContinue reading “Seeking Creative Ways to Help Underwater Homeowners”
‘Homeowners Bill of Rights’ Helps Fight Foreclosure in Colorado
After three years of persistent and tireless work by Colorado Progressive Coalition members, the Colorado legislature this month finally passed meaningful protections for homeowners at risk of losing their homes. For years horror stories have abounded in the press of banks that lost paperwork, homeowners never speaking to the same person twice, promises of aContinue reading “‘Homeowners Bill of Rights’ Helps Fight Foreclosure in Colorado”
FHFA, Fannie and Freddie Stage A Last Ditch Effort to Squash Homeowners
The Federal Housing and Finance Authority (FHFA) is taking dramatic actions against homeowners, and cities working to fix the housing crisis. Just, this morning, Mark Harris, a Desert Storm veteran in Atlanta, who was highlighted in the Alliance’s report Wasted Wealth: How the Wall Street Crash Continues to Stall Economic Recovery and Deepen Racial InequityContinue reading “FHFA, Fannie and Freddie Stage A Last Ditch Effort to Squash Homeowners”
The Alliance Hosts Our First National Conference in Baltimore and DC
A week ago, to the day, the Alliance for A Just Society hosted our 2013 Summer Conference with all our national affiliates (#Justice2013). There was no better way to kick it off than taking close to 200 participants into Washington DC and hosting three separate actions on the Hill. As of this year, we areContinue reading “The Alliance Hosts Our First National Conference in Baltimore and DC”
Homeowners Protest Dept. of Justice Failure to Prosecute Wall Street Crimes
17 Homeowners Arrested On Monday, Alliance members from Colorado Progressive Coalition and Washington CAN! joined over 500 homeowners for a day of action targeting the Department of Justice for its continued failure to prosecute Wall Street banks and their executives for major financial crimes. In March, U.S. Attorney General Eric Holder told the Senate JudiciaryContinue reading “Homeowners Protest Dept. of Justice Failure to Prosecute Wall Street Crimes”
National Report Released on Racial Inequity in Foreclosure Crisis
American homeowners continued to lose a great deal of wealth – $192.6 billion – due to the foreclosure crisis in 2012, and those losses had a disproportionate impact on people of color.
Colorado: Judge Rules that Homeowner Has the Right to Fight Impending Foreclosure…in this case.
A win for homeowners in Colorado! Alliance affiliate Colorado Progressive Coalition has been working for two years to pass “Show Me the Note” legislation, which forces banks to prove they own the deed to a home before they can foreclose on it. On Monday, U.S. District Judge, William Martinez, ruled that the unsworn testimony ofContinue reading “Colorado: Judge Rules that Homeowner Has the Right to Fight Impending Foreclosure…in this case.”
New Bottom Line’s 16-Month Campaign Takes Giant Step Forward To Removing:
“The biggest roadblock to our country’s economic recovery” Re-Posted with permission from The New Bottom Line Since early 2012, New Bottom Line has driven the campaign to get President Obama to dump Ed DeMarco, acting director of the Federal Housing Finance Agency. Today, the organization celebrated the news that the president finally made a nominationContinue reading “New Bottom Line’s 16-Month Campaign Takes Giant Step Forward To Removing:”