foreclosures

New proposal to help underwater homeowners

Today or tomorrow all 50 states are expected to sign off on a $37 billion settlement with Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial that will provide compensation to homeowners who were harmed with nefarious foreclosure practices.  This deal between the big banks and the states’…

A needed message in State of the Union address

One of the issues we are expecting to hear about in President Obama’s State of the Union address tomorrow night is the housing crisis.  Economists tell us that the nation’s economy won’t dramatically improve until the housing market stabilizes and demand for new homes gets back on track.  That’s how…

Honoring Dr. Martin Luther King Jr.

A rally at the South Carolina State House to honor Dr. Martin Luther King Jr. is being held today.  At the same location just four days ago, hundreds attended another rally in support of an issue surely Dr. King would have approved—the promotion of homeownership for all Americans.  Last week’s…

BofA should make an even better business decision

Bank of America’s recent announcement of its intention to eliminate 30,000 jobs over the next few years has caused some concerns in the bank’s home-town of Charlotte.  How many of the company’s 15,000 Charlotte employees will be affected we don’t know.  But if that community is worried today, just think…