Two stories I just heard on Michigan Public Radio, on my way home from Detroit…
Some personal action in a Detroit neighborhood:
Then they set their sights on the foreclosed house down the street.
“It’s a typical house for the neighborhood,” says Cope, “sort of a working class, wood frame, single family house.”
The house popped up on [...]
The PD says my Councilman, Brian Cummins, is very upset about the ward redistricting plan that’s being circulated to Council members by Triad Research. Brian explains why in more detail at RealNEO, where the comments include calls for a neighborhood campaign to defend Brian, the Brooklyn Centre neighborhood, and/or Ward 15 from the redistricter’s axe.
From [...]
About an hour and a half ago, the U.S. House of Representatives finally passed the long-promised bill to allow Federal bankruptcy judges to modify mortgages on homes.
HR 1106, the “Helping Families Save Their Homes Act of 2009″, passed the House by an extremely partisan 234-191 majority. (See how having a President who won’t veto your [...]
A terrific overview of the REO crisis by Mary Kane yesterday. (Disclosure — it quotes this CD post.)
P.S. Commenter Susan points out this long story in the NY Times Magazine last Sunday. Yes, it’s the foreclosure crisis and Slavic Village again — but as usual when a reporter talks to Councilman Brancatelli, we all learn [...]
On February 13, Bank of America, JP Morgan Chase, Wells Fargo and Citigroup all proclaimed a “moratorium” on foreclosures against owner-occupied homes for a few weeks to give the President a chance to announce and implement his foreclosure program.
Last week (February 23 to 27) 262 new civil foreclosure cases were filed in Cuyahoga County Common [...]
Full language of the promised Democratic foreclosure reform bill is set to be rolled out this week in the Ohio House Committee on Housing and Urban Revitalization, chaired by Cleveland Representative Mike Foley, one of the two main sponsors.
The proposal will be House Bill 3, reflecting its priority for House Dems. In addition to the [...]