Send a Tweet
Most Popular Choices
Share on Facebook 20 Share on Twitter Printer Friendly Page More Sharing
General News   

How Housing's New Players Spiraled Into Banks' Old Mistakes -

Quicklink Submitted By   1 comment, 6 series
Become a Premium Member Would you like to know how many people have read this article? Or how reputable the author is? Simply sign up for a Advocate premium membership and you'll automatically see this data on every article. Plus a lot more, too.
Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

Philip De Vere Hunt
Philip De Vere Hunt
(Image by houseofvere.com)
  Details   DMCA

Same old... "When the housing crisis sent the American economy to the brink of disaster in 2008, millions of people lost their homes.Newinvestors soon swept in — mainly private equity firms — promising to do better. But many new investors are repeating the mistakes that banks committed throughout the housing crisis, an investigation by The Times has found. They are quickly foreclosing on homeowners, losing families’ mortgage paperwork, much as the banks did. And many of these practices were enabled by the federal government, which sold tens of thousands of discounted mortgages to private equity investors, while making few demands on how they treated struggling homeowners.

Read the rest of the story HERE:

At www.nytimes.com

 

Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Other Series: View All 306 Articles in "our society changes for the worse"

Other Series: View All 864 Articles in "Shameful"

Other Series: View All 214 Articles in "WEALTH"

To View Comments or Join the Conversation: