In New York City’s communities of color, the foreclosure crisis is far from over. Nine of the ten zip codes with the highest number of pre-foreclosure notices are neighborhoods of color. Nearly two-thirds (65.4%) of all notices sent to residents of NYC neighborhoods of color pertained to loans made between 2002 and 2007.
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Two years after Housing Predictor was the first real estate research firm to forecast the foreclosure epidemic the crisis is caught up in a maze of bureaucratic red tape, squabbling in Congress and political turmoil. Since the crisis began bankers have made an estimated 5-million foreclosures, and it is only forecast to worsen in 2010.
In spite of the progress made in recent years, the foreclosure crisis is far from over. After nearly ten years, foreclosure is an issue that continues to plague homeowners across the country. A Timeline of the Crisis. As most Americans know, the Great Recession of 2007-09 came hand in hand with a major housing bubble burst.
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Despite what you might have heard, the foreclosure crisis is far from over. Economics correspondent Paul Solman talks to people in Florida who have lost their homes, and considers whether a wave of.
Home Economy Why the housing and mortgage crisis is far from over Why the housing and mortgage crisis is far from over. January 7, In 2009, the New York State legislature passed a statute requiring all mortgage servicers to send a pre-foreclosure notice to all delinquent owner-occupants in the state. The notice warned them that they were in.
With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and buried. The enormous delinquency problem in the New York City metro area shows why I’m convinced that the U.S. housing and mortgage crisis is far from over,
Despite the pain of the mortgage crisis, laws passed in California actually eased foreclosures compared to similar areas in the United States. Autumn Cruz email@example.com A decade after the mortgage.
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· America’s foreclosure crisis isn’t over. By Robert Hennelly. a damning indictment for an initiative that has already far undershot the Obama.