With close to 6 million homes at risk of being seized by banks, the foreclosure crisis continues to deepen, with the greatest risk to homeowners of color, a new study finds.
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.
OAKLAND, Calif. - Fighting back tears, anger in his voice, Al Marshall recounted how his "kids were crying when the judgment came down" to abandon the home in which they were growing up.
Attorneys general from four states called on the Senate to take the side of the people not the banks by approving a bill to create a strong Consumer Financial Protection Agency.
With Wall Street executives raking in windfall profits while the rest of the country staggered through a banker-caused recession, President Obama pledged to impose a tax on major financial firms to recoup bailout money.
"The problem for us is, this month it's ACORN, next month it's the NAACP, the month after that it's the ACLU," civil liberties attorney Bill Quigley said, explaining why the Center for Constituional Rights has filed a lawsuit on behalf of ACORN.
Sick of profiteering, foreclosures and joblessness, thousands tell banks 'Enough is enough'