Archive for June, 2008

Foreclosure deeds recorded last week

Saturday, June 28th, 2008

118 sheriff’s deeds were filed with the Cuyahoga County Recorder’s Office last week (June 16 through June 20), not counting tax lien sales or City land bank acquisitions of vacant lots.
Here’s who filed five or more of them:
Deutsche Bank (24)
Department of HUD (15)
Federal National Mortgage Assn (11)
Wells Fargo (10)
Federal Home Loan Mortgage Corp (10)
Bank of [...]

It’s the bandwidth, stupid

Friday, June 27th, 2008

Heading to Columbus today to see Connect Ohio unveil and explain the first edition of its state-funded “broadband availability maps” of the state.  The maps are already on line so you can see that, by CO’s methodology, Cleveland has basically no households lacking broadband access.  What they mean, of course, is that it’s there if [...]

Are the subprime lenders gone?

Wednesday, June 25th, 2008

Not hardly.
It’s starting to be conventional wisdom that the bankruptcies of some of the biggest subprime mortgage companies, and the implosion of tens of billions of dollars in mortgage-based security “assets” held by investment houses, funds and banks — resulting in the near-disappearance of newly issued securitized mortgage investment vehicles — have combined to bring [...]

Sweeney’s Council “right-sizing” plan was proposed, voted down in last Charter Review

Monday, June 23rd, 2008

I doubt that anyone remembers it (I didn’t, and I was there), but the 1988 Cleveland City Charter Review Commission considered and rejected a proposal just like Council President Sweeney’s plan to tie the number of City Council wards to an “index” of 25,000 residents.
From the  Commission’s “Final Report to City Council, Part III: Other [...]

WCPN tomorrow: Tenants caught in foreclosures

Monday, June 23rd, 2008

An email from Mike Piepsny at Cleveland Tenants Organization:
Tomorrow morning (6/23/08), myself, Peter Iskin from the Legal Aid Society of Cleveland, and David Rothstein, of Policy Matters Ohio will be on WCPN (ideastream), 90.3FM from 9:00am - 10:00am to discuss the crisis of renters caught in the foreclosure crisis.
It should provide a wonderful local public [...]

Policy Matters: 30% of local foreclosures are rental units

Thursday, June 19th, 2008

A new study from Policy Matters Ohio details the impact of home foreclosures on rental units, whose occupants often lose their homes even though they have no control over their landlords’ mortgage payments, and may have paid their rent religiously.

City Charter Review: Sweeney proposes population “indexing” for Council size

Thursday, June 19th, 2008

At the Charter Review Commission meeting this morning, City Council President Martin Sweeney proposed to tie the size of City Council to an “index” of 25,000 residents per ward.
Sweeney wants the new system, which would probably result in an immediate reduction from 21 to 17 Council members, to take effect for the 2009 municipal election. [...]

City Charter Review: Community meeting at Tri-C tonight

Wednesday, June 18th, 2008

The first of three Cleveland City Charter Review Commission community meetings will take place tonight from 6 to 8 pm at the Tri-C Metro Campus (Campus Center Bldg., Room 10).  The purpose of the session is to get proposals, ideas and feedback from the public, so if you have something to say about the City [...]

Foreclosure deeds recorded last week

Tuesday, June 17th, 2008

192 sheriff’s deeds were filed with the Cuyahoga County Recorder’s Office last week (June 9 through June 13.)
Here’s who filed five or more of them:
Deutsche Bank (31)
Federal National Mortgage Assn (19)
Department of HUD (17)
US Bank (17)
Wells Fargo (12)
Citi (7)
Lasalle Bank (7)
Bank of New York (6)
Keybank (6)
Federal Home Loan Mortgage Corp (6)
(Previous week.)

Congressional field hearing on foreclosures — live blog at Ohio Daily

Monday, June 16th, 2008

At Ohio Daily, Jeff live-blogged the morning half of the Waters hearing with CoverItLive.  Tim Ferris chimed in a few times. Good reading.
Present for all or part of the hearing: Reps. Maxine Waters, Stephanie Tubbs-Jones, Dennis Kucinich, Betty Sutton, Marcy Kaptur, Charles Wilson.  Yup… all Dems.
Republicans LaTourette and Pryce, who are members of the Financial [...]