User: demo Topic: Housing
Category: Housing Development :: Blight
Last updated: Aug 22 2014 07:49 IST RSS 2.0
 
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Bank of America settlement likely to benefit few 22.8.2014 Seattle Times: Business & Technology
The settlement requires the second-largest U.S. bank to assist homeowners with loan balances and providing new loans, but consumer advocates say relatively few will be helped relative to the devastation triggered by the mortgage crisis.
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Eric Holder outlines details of Bank of America settlement 22.8.2014 SFGate: Business & Technology
The settlement requires the second-largest U.S. bank to reduce some homeowners' loan balances, provide new loans to low-income buyers and address areas of neighborhood blight. [...] consumer advocates say relatively few people will be helped relative to the devastation caused by the mortgage bonds, which fueled the worst financial crisis since the 1930s and threw millions of homes into foreclosure. Neighborhood blightAs part of the consumer relief, Bank of America has essentially pledged to help remedy the neighborhood blight its neglect helped cause when it auctioned off foreclosed homes at steep discounts, Smith said. The agreement with Bank of America is the last of three deals during the past nine months designed to punish some of the country's leading financial institutions for their roles in bundling subprime mortgages into securities that were misleadingly sold as safe investments despite the high likelihood that borrowers would default. Though the JP Morgan Chase settlement was announced in ...
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Bank of America settlement likely to benefit few 22.8.2014 Salt Lake Tribune
Washington • Bank of America’s record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some homeowners’ loan balances, provide new loans to low-income buyers and address areas of neighborhood blight. But consumer advocates say relatively few people will be helped relative to the devastation triggered by the mortgage...
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Justice Dept. announces nearly $17 billion settlement with Bank of America 22.8.2014 Star Tribune: Business
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As an alternative to demolition, Buffalo offers homes for a dollar 15.8.2014 LA Times: Nation
The breeze carries the tinny jingle of the approaching ice cream truck, so Mike Puma leaves the railing he's painting on his two-family, electric-blue home to buy a milkshake.
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Potato giant finds fewer pesticides please consumers, neighbors, bottom line 11.8.2014 Minnesota Public Radio: News
The Minnesota fields offer a clear look at how Fargo-based Offutt, the nation's largest potato grower, is rethinking the way it grows potatoes and is cutting pesticides.
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Tea Party setbacks at polls 25.6.2014 Star Tribune: Politics
Sen. Thad Cochran beat Tea Party challenger in runoff.
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Cochran hangs on for win 25.6.2014 Durango Herald
WASHINGTON – Battling for political survival, six-term Sen. Thad Cochran narrowly defeated tea party favorite Chris McDaniel Tuesday night in a bruising, costly Mississippi primary runoff that exposed deep divisions within the Republican Party.With 99 percent of precincts reporting, Cochran led with 51 percent to McDaniel’s...
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Prospect of towering power lines within sight of Jamestown outrages historic preservationists 21.6.2014 Star Tribune: Business
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Trice: Chicago's blight extends far beyond the Trump sign 20.6.2014 Chicago Tribune: Popular
Dear Mayor Rahm Emanuel,
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Detroit fights blight 1 neighborhood at a time by seizing, selling or razing derelict homes 15.6.2014 Star Tribune: Business
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Detroit fights blight by selling off vacant homes 15.6.2014 AP National
DETROIT (AP) -- Anthony Brown keeps his home of 36 years in good shape, but it is an island of tranquility in a sea of blight in Detroit's Marygrove neighborhood. There is a vacant house next door, another across the street and still others farther down Wisconsin Street....
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Detroit fights blight by selling off vacant homes 15.6.2014 Twincities.com: News
DETROIT (AP) — Mayor Mike Duggan's plan for fixing Detroit neighborhoods includes selling some vacant houses while razing others too far gone to save.
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Detroit fights blight by selling off vacant homes 15.6.2014 Twincities.com: Nation
DETROIT (AP) — Mayor Mike Duggan's plan for fixing Detroit neighborhoods includes selling some vacant houses while razing others too far gone to save.
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Council votes to rid city of blight: Phunglau Court is a dead end 5.6.2014 San Jose Mercury News: Local News
Following a vote by the City Council Tuesday, Phunglau Court is at a literal dead end. The council granted a petition by the homeowners on that street to change its name to Joy Lane. In a rare display of council comity on a day when four members were trying to beat each other up in the race to become San Jose's next mayor, the vote was 9-0.
Rundown Philadelphia row home honored with funeral as gospel music, eulogies mark end of era 1.6.2014 Star Tribune: Nation
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Putting our vacant house problem into perspective 29.5.2014 Star Tribune: Local
The revelation that Detroit has 86,641 blighted structures and vacant lots puts the Twin Cities' 1,500 "problem properties" in perspective.
Funeral to be held for decrepit Philadelphia home 28.5.2014 Seattle Times: Top stories
A rundown row house in the impoverished Mantua section of Philadelphia had a colorful, centurylong record of occupancy before its last longtime residents died and it became a symbol of urban blight.
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Elaborate 'funeral' for decrepit Philadelphia row house 26.5.2014 San Jose Mercury News: News
PHILADELPHIA (AP) -- A rundown row house in the impoverished Mantua section of Philadelphia had a colorful, centurylong record of occupancy before its last longtime residents died and it became a symbol of urban blight.
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Funeral to be held for decrepit Philadelphia home 26.5.2014 AP National
PHILADELPHIA (AP) -- A rundown row house in the impoverished Mantua section of Philadelphia had a colorful, centurylong record of occupancy before its last longtime residents died and it became a symbol of urban blight....
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