HAPPY WEDNESDAY: Yes, the housing crisis is still going on, bleak as ever. According the latest report by First American CoreLogic, the research firm that monitors housing equity, 11.3 million homeowners – that’s 24% of all homes with mortgages – were underwater at the end of 2009. That number is up from 10.7 million borrowers [...]
Archive for the ‘Homelessness’ Category
Posted in Economy, Homelessness, tagged doom, Economy, housing on 02/24/2010 | Leave a Comment »
By Relief, We Meant Sort Of, But Not Really
Posted in Economy, Homelessness, The End of the World, tagged death, foreclosures, HAMP, The Treasury Dept., whoops on 02/18/2010 | Leave a Comment »
The Treasury Department released the latest figures today for its Home Affordable Modification Program – the $75 billion flagship homeowner relief program. As MoJo notes, the figures are abysmal. Through January, HAMP has resulted in roughly 116,000 permanent mortgage modifications, 76,000 offers of permanent modifications, and more than 1 million homeowners beginning trial modifications. Simply [...]
Number Of Uninsured In The U.S. On The Rise
Posted in Economy, Health, Homelessness, Jobs, The End of the World, tagged poverty, ugh, USA! on 09/10/2009 | 2 Comments »
The Census Bureau released its annual report today, offering yet another sobering glimpse into the effect of the recession on American households during 2008. According to the findings, in the first full year of the recession, the number of Americans without health insurace rose to 46.3 million, or 15.4 percent, driven primarily by a decline [...]
Posted in Homelessness, The End of the World, tagged hurricane katrina, new orleans on 08/28/2009 | Leave a Comment »
POURING SYRUP ON SHIT, AND CALLING IT PANCAKES: “Since [Hurricane] Katrina, homelessness in [New Orleans] has doubled to an estimated 12,000. Some are in shelters, but about half continue to live in the city’s more than 65,000 abandoned buildings”. But the city has ‘regained’ roughly 75 percent of its pre-storm population (the other 25 percent [...]
Mortgage Companies Forgo 2008 Economic Meltdown Lessons To Make A Profit (What Else, Really?)
Posted in Economy, Homelessness, Politicking, tagged Economy, foreclosures, Homelessness, mortgage companies, Obama Administration on 07/30/2009 | Leave a Comment »
Poised to roll out its $75 billion program to prevent foreclosures, the Obama administration this week summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward foreclosure. Just for good measure, Treasury officials also called on companies to hire and train more people to expedite the relief [...]
Today’s Headlines: FEMA Trailers Make Homelessness Seem … Not So Bad
Posted in Economy, Homelessness, Jobs, Lawmaking, Military, Terrorisms, tagged Economy, FEMA, hate crimes, Jobs, laws, Military, Obama Administration, Terrorisms, The Fed, unemployment, War on 07/24/2009 | Leave a Comment »
• Years of state and federal neglect have hobbled the nation’s unemployment system, leaving millions of needy people (roughly 40% of claimants) waiting for months for their checks. The number of jobless Americans seeking aid has doubled during the recession, while state funds have depleted, resulting in 16 states borrowing billions to pay out claims [...]
We’re Just Full Of Good News Today
Posted in Health, Homelessness on 03/10/2009 | Leave a Comment »
The National Center on Family Homelessness released a report this week, finding that more than 1.5 million children were without a home from 2005-06. That’s ONE in FIVE children that are homeless in the United States of A, while Corporate CEO’s are taking home $130 million parachutes, America is spending $85 million to see drivel [...]
