Archive for May, 2008

Ferry still a good idea?

Thursday, May 29th, 2008

It will soon be five years since the Port of Cleveland got its feasibility study recommending a strategy for getting a ferry running between Cleveland and Port Stanley, Ontario, a few miles south of London. It will also be five years since the first time I blogged about it.
Jeff Buster at RealNEO thinks the project [...]

UPI: House committee to hold June 16 field hearing on foreclosures here

Monday, May 26th, 2008

Kaptur says the House Financial Services Committee wants to look at obstacles to loan workouts:
Lawmakers to meet in Ohio on foreclosures
WASHINGTON, May 25 (UPI) — Congressional lawmakers will hold a hearing to discuss the subprime mortgage crisis in Ohio, the state hit hardest by home foreclosures, a congresswoman said.
A panel of the House Financial Services [...]

Despite stupid subhead, Newsweek connects the subprime dots pretty well

Monday, May 26th, 2008

Congratulations to Tony Brancatelli for finally getting a mass-media reporter to explain coherently how the broker/lender/WallStreet pipeline actually worked to promote mortgage fraud and guarantee mass foreclosures in Slavic Village.
The price of Councilman Brancatelli’s success is high: Another national headline (the subhead in this case) calling his beleaguered neighborhood a “blighted slum”.
But reporter Michael Hirsch, [...]

Foreclosure deeds recorded last week

Saturday, May 24th, 2008

132 sheriff’s deeds were filed with the Cuyahoga County Recorder’s Office last week (May 12 through May 16)
Here’s who filed five or more of them:
Wells Fargo (16)
Deutsche Bank (16)
Department of HUD (15)
US Bank (14)
Bank of New York (11)
Federal National Mortgage Assn (10)
HSBC Bank (5)
(Previous week.)
In 2007 just six institutions — Deutsche Bank, HUD, Wells Fargo, [...]

Sometimes a great comment

Friday, May 16th, 2008

Cleveland Diary doesn’t generally get a lot of comments, unless you count the hundreds of ringtone ads and other machine-generated crap I clear out of the spam filter every day. But two just showed up that you should check out:

In a comment on this post, State Representative Mike Foley reports that a Senate version of [...]

Foreclosure moratorium roundtable

Thursday, May 15th, 2008

Next Tuesday at Trinity…

At the close of business yesterday the Cuyahoga County Common Pleas Court had 7,985 “active” civil foreclosure cases on its docket.
5,769 of those cases were filed in the last six months.
Really… isn’t it time to call a time-out?

Reform

Thursday, May 15th, 2008

The Hagan/Husted plan:  Instead of ten elected County officials dividing up control of the patronage, let’s reduce it to four.  Bill Mason gets to keep his jobs, and the County Commissioners take charge of all the rest.
What problem is this supposed to solve, again?

Foreclosure deeds recorded in the last two weeks

Wednesday, May 14th, 2008

The number of sheriff’s deeds filed with the Cuyahoga County Recorder’s Office returned to a “normal” 143 last week (May 5 through May 9) after dipping to 97 for the second week in a row (April 28 through May 2).
Here’s who filed five or more last week:
US Bank (21)
Bank of New York (14)
Federal National Mortgage [...]

An Econohomes tour

Wednesday, May 14th, 2008

I went to take a look at some of Econohomes’ seventy-eight local properties yesterday. Here are six out of the eight I visited before my old digital camera ran out of memory:

Click through for the full size photos with addresses and some other information.

Charter review: Public hearings postponed till June

Monday, May 12th, 2008

In my last post on the Charter Review Commission, I wrote that two public hearings were going to be held this week at East Side and West Side recreation centers.
Well, um… no.
At the regular Commission meeting last Thursday (which I had to leave halfway through for this) the members decided to postpone  the neighborhood sessions [...]