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Housing
PI Original
by Adam Doster
12:39pm
Tue Jan 27, 2009
5 comments

Why Durbin's "Cramdown" Proposal Is So Important

Banking

President Obama is wary about
loading up his economic recovery package with reforms that might scare
away potential Republican supporters. And as we noted yesterday, Sen.
Dick Durbin’s foreclosure prevention measure is one of the primary casualties.

It’s a frustrating ...

PI Original
by Josh Kalven
6:20pm
Mon Jan 26, 2009
6 comments

Durbin's Cramdown Proposal Shelved ... Again

Congress

If you've been reading us lately you know we'd been hoping to see Sen. Dick Durbin's foreclosure prevention measure included in the economic recovery package being formulated by Congress.  Last week, House Speaker Nancy Pelosi pledged "[W]e will get it done," though ...

PI Original
by Adam Doster
3:14pm
Tue Jan 20, 2009
1 comment

An Emerging Battle Over Foreclosure Prevention

Congress

Now on to the business of governing.

Congress
and the Obama administration are still haggling over the specifics of
the economic recovery package. While the House unveiled its proposal last week, the Senate has not yet released its own draft. Part of the hang-up seems ...

PI Original
by Angela Caputo
4:38pm
Mon Jan 19, 2009

Housing Vouchers, Please

Housing

Even those most upbeat about the nation’s ability to recover from a decade of disastrous economic policies concede that things will probably get worse before they improve.

Unemployment
could top nine percent by next year, some economists predict. And it seems ...

PI Original
by
2:15pm
Fri Jan 16, 2009
7 comments

Six Steps To Stem The Foreclosure Crisis

Housing

On January 7, President-elect Barack Obama declared his intention to address the foreclosure crisis soon after being sworn in. The challenge now for advocates is to ensure that the details of the plan match Obama’s rhetoric and truly assist homeowners and renters.

...

PI Original
by
1:58pm
Tue Jan 6, 2009
2 comments

Durbin's Foreclosure Bill Among Top Senate Priorities (UPDATED)

Housing

Yesterday, we noted
that the Democratic House leadership looks poised to consider two bills
dealing with workers' rights in the first week of the upcoming
session: the Paycheck Fairness Act and the Lilly Ledbetter Fair Pay Act.
Senate Majority Leader Harry Reid has his ...

PI Original
by Josh Kalven
2:48pm
Mon Dec 22, 2008
3 comments

Preventing Neighborhood Blight With Stimulus Dollars

Housing

President-elect Barack Obama
and his team of economic advisers have been busy at work devising a
blueprint for the stimulus package they hope to pass next month. If all
goes according to plan,
Democratic Congressional staff members will have an outline to draft
...

PI Original
by Josh Kalven
11:41am
Mon Dec 22, 2008
1 comment

EveryBlock Tracking Chicago Foreclosures

Housing

Less than two weeks ago, the hyperlocal news and information provider EveryBlock launched a new feature on their Chicago site: a section that tracks and maps foreclosure filings throughout the city.  Using data compiled by the Woodstock Institute (which researches ...

PI Original
by Adam Doster
5:32pm
Fri Dec 5, 2008
4 comments

Subprime Mortgages And Civil Rights

Housing

The manner with which mortgage companies peddled subprime loans to low-income people of color has been called reverse redlining,
an inversion of the racially discriminatory real estate practices
prevalent in urban America through the better part of the 1960s. And
...