foreclosure

Review Finds 4 Million People Wrongfully Foreclosed On

Once again, the banks are given a pass for their criminal behavior, while homeowners are given the shaft. Tuesday, the Office of the Comptroller of the Currency and the Federal Reserve announced the beginning of payments for some of those people whose homes were wrongfully taken from them and the settlements are, as Chris Hayes put it, "cartoonishly small."

Study: Racial Wealth Gap Widening

Racial inequality is alive and well. According to a new study, the wealth gap between African-American and white families has tripled in the past quarter century.

Jennifer Granholm Discusses Zombie Foreclosures

Millions of middle-class Americans lost their homes in the mortgage crisis. Among them is Joseph Keller, 58, a former social worker in Columbus, Ohio. Five years ago, he and his wife fell 10 months behind in their house payments and received

Foreclosure Horror: The Zombie Title

The Kellers are caught up in a little-known horror of the U.S. housing bust: the zombie title. Six years in, thousands of homeowners are finding themselves legally liable for houses they didn't know they still owned after banks decided it wasn't worth their while to complete foreclosures on them. With impunity, banks have been walking away from foreclosures much the way some homeowners walked away from their mortgages when the housing market first crashed.