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

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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.

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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...)
 

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