U.S. News

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Government offers $1 billion more for housing crisis, still hard to keep pace

As the nation's poverty rate rises to 15 percent, the highest level since the 1960s, the Obama administration announced this week new measures to help struggling homeowners prevent foreclosure.

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New study reveals discriminatory mortgage practices

California's Latino and African American homeowners experience twice the rate of foreclosures than that of non-Hispanic whites, a recent report found.

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White House announces plan to end homelessness

A dramatic new plan to end homelessness within a decade was announced by the Obama administration this week.

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New foreclosures down, repossessions rise in April

With over 12 percent of current mortgages in danger of default - close to 7 million homes - foreclosure notices made a slight drop in April signaling a potential bottoming out of the housing crisis.

Federal panel grills Greenspan, Citigroup on predatory lending

The nation's subprime crisis will be in the news from Wednesday to Friday this week as the federal government's Financial Crisis Inquiry Commission begins a new round of hearings.

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City comptroller takes aim at developer abuse

NEW YORK - Comptroller John Liu is setting up a task force to help protect communities from big developers and corruption.

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Latino children suffer most in foreclosure crisis, report says

Latino children and families who lost their homes due to foreclosure suffer long-term psychological and social trauma, according to a new report.

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Bronx community takes on the real estate industry

Who said you can't beat City Hall? In a predominantly Hispanic working-class New York neighborhood, people organized against powerful business interests allied with City Hall, and they won.

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Obama administration pressures banks on housing crisis

The Obama administration announced today stepped up measures to persuade big banks to help strapped mortgage holders.

Civil rights groups urge 'huge groundswell' to end predatory lending

Black, Latino, and Native American Indian leaders at an online briefing on the “racial wealth gap” said it will take a tidal wave of public pressure to win passage of legislation outlawing predatory lending and other discriminatory practices in the face of opposition from the banking lobby.

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