Americans Brace for Next Foreclosure Wave

Americans Brace for Next Foreclosure Wave
By Reuters, CNBC, April 5, 2012

Half a decade into the deepest U.S.

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housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end.

JPMorgan CEO on housing: We made too many mistakes
By Justin T. Hilley, HousingWire, April 4, 2012

In a letter to shareholders JPMorgan Chief Executive Jamie Dimon admits that his bank contributed to the collapse of the American housing industry, but says that progress is being made to rectify the errors.

Study Hits Banks On Foreclosure Maintenance
By Alan Zibel, The Wall Street Journal, April 4, 2012

A consumer-advocate group said in a report Wednesday that a study of foreclosed properties found that banks have higher standards for properties they own in wealthy, predominantly white, neighborhoods than low-income ones, raising a new civil-rights challenge against the mortgage industry.

Evicted 101-year-old Detroit woman gets her home back
By The Associated Press, NY Daily News, April 4, 2012

DETROIT — Baking cookies never seemed as sweet for 101-year-old Texana Hollis as it did on Wednesday, when she tearfully was allowed back into the home her husband bought after World War II following her eviction seven months ago.

When Excluding Distressed Sales, Home Prices Continue to Rise
By Esther Cho, DSNews, April 4, 2012

When excluding distressed sales, such as short sales and REO transactions, prices actually increased on a month-over-month basis in February, according to the February 2012 Home Price Index released by CoreLogic Wednesday. Though, when including distressed sales, prices decreased compared to the month before.

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