Mortgages

Joblessness imposes steep costs on millions of unemployed workers and their families, requiring households to continue meeting basic expenses without their former income. The Great Recession and limited job growth have produced record numbers of workers who suffer from prolonged periods of...
12/20/2012
Publication
The conventional wisdom says that American households are deleveraging – after years of living beyond our means, Americans are finally paying down debt and getting our financial house in order. But as Demos’ 2012 National Survey on Credit Card Debt of Low-and Middle-Income Households reveals,...
05/22/2012
Publication
New York, NY--Demos views the mortgage servicing deal reached today between a coalition of state Attorneys General and 5 major Wall Street banks as an important stepping stone in the effort to secure justice for homeowners victimized by the foreclosure crisis. The following is a statement by...
02/09/2012
Press Release
New York, NY — Today Demos, a national public policy organization that conducts research on economic security issues in the United States, re-released its 2005 reports Home Insecurity: How Widespread Appraisal Fraud Puts Homeowners At Risk and A House of Cards: Refinancing The American Dream...
08/12/2011
Press Release
Hundreds of thousands of families lost their homes because of loans that were often not fully explained or under¬stood. Beyond the Mortgage Meltdown distills the origins and nature of the crisis in the housing market. Senior Fellow James Lardner highlights the complicity of regulators and lawmakers...
08/11/2011
Publication
Robert Kuttner, distinguished senior fellow at the New York-based progressive think tank Demos, argues that if Fannie and Freddie are going to receive public money, then they should be public entities. "Fannie Mae and Freddie Mac should go back to Fannie's pre-1969 role as a public corporation...
08/09/2011
News/Resource
“The middle class is not on the same solid footing that it once was,” said Jennifer Wheary, who cowrote a study on the recession’s impact on middle-class African Americans and Latinos with Brandeis University and the New York think tank Demos. In the prerecession years of 2000 to 2006,...
07/17/2011
News/Resource
New York, NY – The housing market is heading toward a "vicious cycle" according to economists, as big banks and lenders take ownership of more foreclosed homes. New numbers in a report by RealtyTrac showed that lenders own more than 872,000 of these foreclosed properties, and could take possession...
05/23/2011
Press Release
Protestors note this only amounts to a 22 percent modification rate, more than two years after the HAMP program began. They also charge that Wells Fargo has canceled 118,697 trial modifications and denied 175,336 homeowners from accessing HAMP. But during this same two-year period, Wells Fargo...
05/04/2011
News/Resource
For starters, we could use a true refinancing program that reduces principal and interest owed, so that homeowners who took out mortgages in good faith could afford to keep their homes. Adam Levitin of the Georgetown Law School has proposed to amend the bankruptcy code to allow a distressed...
02/24/2011
News/Resource
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