Crise financeira

Indonesia Studying Tighter Mortgage-Loan Rules, Warjiyo Says

Published in Monday May 27th, 2013 In In the media

Bank Indonesia is studying whether to impose stricter loan-to-value rules for mortgages in regions where property demand is expanding too quickly, Deputy Governor Perry Warjiyo said. The central bank may implement such a plan if the government doesn’t increase the price of subsidized fuel, Warjiyo said in Jakarta today. Higher energy costs would lead to a slowdown in the economy and curb demand for homes, he said. Finance Minister Chatib Basri said May 22 the government plans to raise subsidized fuel prices in June.

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State must fix mortgage crisis plan and make it work

Published in Monday May 20th, 2013 In Opinion

In the EU, new mortgage laws are on the horizon. They claim it will make the mortgage process more transparent, but it will make the borrower a target should anything go wrong. And it could remove the one-year freeze on banks moving in on distressed homeowners. Instead, they could act within 30 days. It was always about saving the banks. The borrowers don’t matter.

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UK spends £2bn housing homeless in B&Bs, hostels and shelters

Published in Monday May 20th, 2013 In In the media

The UK has spent almost £2bn housing vulnerable homeless families in short-term temporary accommodation, according to figures that demonstrate the scale of Britain’s housing crisis.

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Together, stronger to cope with the global, housing and territorial crisis

Published in Friday May 17th, 2013 In Mobilisation and agenda

“The people united will never be defeated!” was heard in several languages as the approval of the Declaration of the World Assembly of Inhabitants was welcomed, cementing the convergence of struggles of the inhabitants of towns and rural areas for systemic changes, which are essential to overcome the global crisis.

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Spain’s housing crisis

Published in Monday May 13th, 2013

Spain’s Senate is debating new laws to give cash-strapped Spaniards more time to meet mortgage repayments and avoid eviction. Under the changes, banks would have to wait two years before repossessing the homes of disadvantaged families. For now, Spain finds itself continuing to evict people from their homes, even as millions of properties sit empty. Two very different solutions to this problem are now arising.

New York to sue banks in mortgage settlement case

Published in Wednesday May 8th, 2013 In In the media

New York Attorney General Eric Schneiderman said Monday he intends to sue Bank of America and Wells Fargo, saying they violated terms of last year’s $25 billion mortgage settlement. Schneiderman said his office has documented 210 violations by Wells Fargo and 129 involving BofA since October. The banks have “flagrantly violated” the settlement’s standards, he said.

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Foreclosure Settlement Checks Significantly Smaller Than Regulators Forecasted

Published in Thursday May 2nd, 2013 In In the media

Two weeks after the first payments began going out as part of the settlement struck in January with mortgage companies, homeowners who suffered improper foreclosures are describing a new injury. Many say they are being denied their rightful compensation under the terms of the deal.

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Resident Groups Combat Spike in Evictions in Germany

Published in Friday April 26th, 2013 In In the media

Skyrocketing rents in many German cities are pitting residents against real estate developers and landlords. The recent death of an elderly woman forced out of her apartment has emboldened alliances to protest evictions with sit-ins.

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A terrace house for £1 or £250m – Britain’s bizarre housing crisis

Published in Wednesday April 24th, 2013 In In the media

News in austerity Britain is not short on grotesque juxtapositions, but there was one this week that was just so spectacular that it couldn’t pass without comment. In the same week, terrace houses were expected to change hands in different parts of the country for £250m and £1.

EU agrees mortgage law to avoid more housing bubbles

Published in Tuesday April 23rd, 2013 In In the media

EU countries reached a deal with the European Parliament on Monday on the bloc’s first common rules on mortgage lending, in an attempt to avoid a repeat of property bubbles that helped fuel the euro zone’s debt crisis. Once written into European Union law, the rules will force lenders in Europe’s 6.5 trillion euro ($8.5 trillion) mortgage market to check the creditworthiness of potential customers and their ability to repay, banning self-certified or “liar” loans.

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