House Bill 3, the Foley/Driehaus bill to reform the foreclosure process, create state regulation of mortgage servicers and impose a six-month moratorium on most home foreclosures, passed the Ohio House this afternoon by a vote of 54 to 43.
Press accounts say the vote was along party lines, but an email from Cathy Johnston of COHHIO [...]
The Common Pleas Court docket shows at least 550 new foreclosure cases filed against Cuyahoga County properties between May 1 and May 15.
At least 268 of them were filed against properties in the city of Cleveland.
This brings the county’s total for the first four and a half months of 2009 to…
more than 4,600 new foreclosures [...]
Sixteen months after it was first filed, Federal District Court Judge Sarah Lioi has dismissed the City of Cleveland’s public nuisance lawsuit against 21 major financial corporations involved in originating, underwriting, servicing or “trusteeing” tens of thousands of securitized subprime mortgages in the city.
Law Director Robert Triozzi says the City will appeal the decision, which [...]
From an email update on the Foley/Driehaus foreclosure reform bill from Cathy Johnston of COHHIO:
Sub HB 3 passed the Housing and Urban Revitalization Committee last night along party lines. ..
Below is a link to a Columbus Dispatch article reporting on the hearing.
[Link]
The latest substitute version included several changes. They would:
Change the definition of “subprime [...]
This week it’s worth the $1.50 for two major articles that aren’t on line.
The first is Arielle Kass’ front-page coverage of a Cleveland Federal Reserve study exploring the striking difference in the intensity of the foreclosure crisis between comparable neighborhoods in Pittsburgh and Cleveland. The article comes to the un-Crain’s-like conclusion that Pittsburgh may [...]
The Ohio House Committee on Housing and Urban Revitalization has just approved an amended version of House Bill 3, the Foley/Driehaus foreclosure reform bill, and sent it to the full House.
The bill, sponsored by Reps. Mike Foley of Cleveland and Denise Driehaus of Concinnati, was rolled out in February as a “top 20″ priority [...]
Apparently a lot has been happening since the Federal District Court sent the Cleveland Housing Renewal Project lawsuit against Wells Fargo back to Cleveland Municipal Housing Court. (The District Court has also declined jurisdiction in CHRP’s companion case against Deutsche Bank.)
An update arrived in my email this afternoon from Frank Ford of Neighborhood Progress [...]
The Plain Dealer’s big “analytical” comparison of county agency spending (Cuyahoga County agencies have more workers, less productivity than others in Ohio, Plain Dealer analysis finds) is such a misleading, misdirected mess that it’s hard to know where to start. What can you say about an “analysis” of comparative productivity and payroll efficiency that:
Doesn’t [...]
You may have heard that the long-awaited feasibility study of the county’s proposed offshore windpower project was released last Friday. Maybe you read the PD story Saturday or the editorial yesterday, both of which acknowledge the project’s “eye-popping” cost but then shift quickly back into cheerleading mode: “If Cleveland wants a big future commensurate [...]
Just posted by Jim Otte of WHIO-TV in Dayton.
House Passes Protection For Renters
Foreclosure Crisis Hits Home
Jim Otte, Reporter
COLUMBUS, Ohio — Home owners are not the only ones being hit by the foreclosure crisis. Renters are the latest group to suffer.
They often are given just a few days notice when the home or apartment building they [...]