Almost a decade removed from the foreclosure crisis that began in 2008, the nation is facing one of the worst affordable-housing shortages in generations.
Remnants of the foreclosure crisis linger everywhere.
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.
From the Bronx to Buffalo, cities and towns in New York have been plagued by what are commonly called zombie properties. These are homes that residents abandon - often after they have received a foreclosure notice - which then languish, uncared-for, until the foreclosure process is complete.
Obviously, our most pressing need is subsistence for the most vulnerable victims of Katrina, but we should not overlook the fact that the victims of Katrina also include middle-class Americans who have saved and invested, but now face an economic crisis, .. They should be able to tap into their savings and meet this crisis without facing an unfair penalty.
That's a thing you most look forward to as a kid. The newest clothes or the newest shoes. Definitely getting the newest shoes and bragging to your friends about it.
Foreclosure is to no one's benefit. I've heard estimates that mortgage investors lose 40 to 50 percent on their investment if it goes into foreclosure.
The dramatically different manner in which we, as a nation, responded to the crisis presented by drunk driving and the crisis caused by the emergence of crack cocaine speaks volumes about who we value, and who we view as disposable.
UC Merced is the University of California's newest campus and lies among farm fields in the San Joaquin Valley, 2 1/2 hours east of San Francisco and not far from where I spent most of my childhood. It's a part of California that has suffered deeply from the recession with high unemployment and a skyrocketing home foreclosure rate.
Animals were my pets, and the thought of eating my pets freaked me out.
The crisis of the church is not at its deepest level a crisis of authority, or a crisis of dogmatic theology. It is a crisis of powerlessness in which our sole recourse is to call on the help and inward power of the Holy Spirit.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
It is popular to call it a crisis of the Western world. It is in fact a crisis of the whole world. Communism, which claims to be a solution of the crisis, is itself a symptom and an irritant of the crisis.
During a national crisis, we as a nation become a single community and no one should take advantage of a crisis.
The day on which I received confirmation was a distressing one to me.
The planetary emergency unfolding around us is, first and foremost...a crisis of thought, values, perceptions, ideas and judgments. In other words, it is a crisis of mind, which makes it a crisis of those institutions which purport to improve minds.