Mortgages

New York, NY — Demos, a national public policy and research organization, is making an array of research and experts available to the media for interviews on the President's meeting with credit card industry executives and S. 414, The Credit Card Accountability, Responsibility and Disclosure Act ("...
04/23/2008
Press Release
Up to Our Eyeballs is a lively and timely exploration of the causes and consequences of the explosive rise in consumer debt, and of the unyielding financial and economic crises. Woven together with insightful analysis and a breadth of personal accounts, Up to Our Eyeballs offers an explanation for...
03/11/2008
Publication
C-SPAN Distinguished Senior Fellow Robert Kuttner spoke about the state of the U.S. economy and his new book, The Squandering of America: How the Failure of Our Politics Endangers Our Prosperity. He addressed the declining value of the U.S. dollar, the subprime loan market, the volatile stock...
11/12/2007
Video
New York, NY — Homeowners have been tapping into their home equity to get the cash needed to pay down credit card debt incurred not for luxury expenses, but for basic needs. This strategy leaves them on precarious financial footing after two years of interest rate hikes and the largest drop in...
11/14/2006
Press Release
In response to ever-increasing financial pressures, families have come to depend on high-cost credit as a way to bridge the gap between stagnant or decreasing incomes and rising costs. How are families coping with their new burden? To hang on to the American Dream, to be part of the ...
11/14/2006
Publication
NEW YORK — A new report released today, Home Insecurity: How Widespread Appraisal Fraud Puts Homeowners At Risk, reveals troubling evidence that many American homeowners and buyers are at financial risk from mortgage appraisal fraud. As a consequence, countless homeowners have borrowed more money...
03/24/2005
Press Release
Many Americans have reduced the equity in their home to pay off credit card debts and cover day-to-day expenses. More troubling still is evidence that many appraisers fraudulently inflate property values during the buying or refinancing of homes. This paper explores the implications of appraisal...
03/15/2005
Publication
New York, NY — Demos: A Network for Ideas & Action announced today that the Demos Forum on February 8, 2005, will address the growing concern about a "housing bubble" in the US real estate market — and the economic crisis that could follow if it bursts. Over the last five years,...
01/31/2005
Press Release
The federal government helps Americans build personal wealth in a variety of ways, most notably with tax breaks related to homeownership and retirement savings. However, most of this assistance goes to people who are already doing well. In 2003, the federal government spent $110.5 billion in...
08/03/2004
Publication
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