Crise financeira

Spain approves new eviction law

Published in Monday April 22nd, 2013 In In the media

Spain’s Parliament on Thursday approved a new mortgage law it hopes will calm a national outcry over the dramatic increase in evictions in recent years, but anti-eviction lobbyists said the law was insufficient. Repossessions because of mortgage nonpayment have soared since Spain’s economic crisis began in 2008. Spaniards are angry that most people still have to pay off their mortgage debt even after eviction.

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Criminalization of homelessness – local impact, global issue

Published in Wednesday April 10th, 2013 In Social movement news

As the economic crisis continues at the bottom end of the income spectrum, the past week has brought two victories worth noting, from the most humble of tent encampments to the marble halls of the U.N.’s Palais Wilson in Geneva.

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Threat of Foreclosure on California Homes Disproportionately Affects Minorities

Published in Monday March 18th, 2013 In In the media

An overwhelming majority of homes in California’s major cities that are in danger of foreclosure are also in majority-minority ZIP codes, according to a report released this week. The report focuses particularly on homes with mortgages serviced by Wells Fargo. Of the 21 major California cities examined, more than eight in 10 homes in danger of foreclosure are in areas where at least half of its residents are minorities—evidence, the report’s authors say, that further supports the idea that the housing crisis has been particularly harmful to African-American and Hispanic homeowners.

Homeless at Lakewood’s Tent City will be offered indoor housing instead of evicted

Published in Monday March 18th, 2013 In In the media

An encampment of homeless people in the woods near the Jersey shore will gradually be phased out as its 80 or so occupants are given at least a year of housing under an agreement reached today. The deal would eliminate the need for Lakewood’s so-called Tent City and end a seven-year dispute about local governments’ responsibility to care for the poor.

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Housing is a right! Protest and solidarity with the Spanish being evicted

Published in Monday March 18th, 2013 In Mobilisation and agenda

Protest will be head today in front of the Spanish embassy in Paris, London, Edinburg, Berlin, Lisbon in solidarity against evictions and in support to the People’s Legislative Initiative (ILP), the citizens’ response to Spain’s mortgage lending fraud. Please disseminate!

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A Report on the Foreclosure Crisis California in Crisis: How Wells Fargo’s Foreclosure Pipeline is Damaging Local Communities

Published in Monday March 18th, 2013

Five years after the housing market collapsed, California’s economy remains weak. The unemployment rate is nearly 10 percent, twice what it was in 2006, and in 2012 the State’s underemployment rate averaged an astonishing 19.3 percent. The continuing housing crisis remains a key cause of this widespread economic tragedy. Nearly two million California homeowners are underwater, owing more on their mortgage than their home is worth. This report shows the tremendous damage that will befall California’s communities if the foreclosures continue on so many families.

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European court says tough Spanish eviction laws illegal

Published in Thursday March 14th, 2013 In In the media

The European Court of Justice ruled Thursday that harsh property repossession laws in Spain that have led to hundreds of thousands of evictions during the country’s deep recession violate EU laws on consumer protection.

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European court says Spanish eviction laws illegal

Published in Thursday March 14th, 2013 In In the media

The European Court of Justice ruled Thursday that harsh property repossession laws in Spain that have led to hundreds of thousands of evictions during the country’s deep recession violate EU laws on consumer protection, and activists said the decision could lead judges to halt thousands of bank foreclosure proceedings.

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Mortgage settlement helps lenders more than homeowners, critics say

Published in Tuesday March 12th, 2013 In In the media

Government-directed settlements with major lenders have provided billions of dollars in relief to struggling homeowners caught up in the “robo-signing” debacle of the financial crisis. But those big mortgage servicers appear to be benefiting as well, getting credit in those settlements for forgiving debt that they likely would never have collected anyway.
The banks, meanwhile, say they are providing meaningful relief to customers through debt forgiveness, modified loans and short sales. But some critics believe lenders are not paying a stiff-enough price for botching millions of foreclosures across the country.

Homes in foreclosure process decline in January

Published in Friday March 1st, 2013 In In the media

The number of homes mired in the foreclosure process fell again last month, according to a new report, the 15th consecutive month of year-over-year declines. Irvine-based CoreLogic said Thursday that roughly 1.2 million homes nationwide, or 2.9% of all homes with a mortgage, were in some stage of foreclosure in January. That’s a 3.3% drop from December and a 21% decline from January 2012.

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