HomeLatest NewsFeatured HomebuildersHome Buyer ResourcesBinding ArbitrationResource LinksSubmit ComplaintsView ComplaintsTake Action 101!Report Mortgage FraudMortgage Fraud NewsForeclosure NewsConstruction DefectsHome DefectsPhoto GalleryFoundation ProblemsHomeowner Website LinksHOA Reform
Main Menu
Home
Latest News
Featured Homebuilders
Home Buyer Resources
Binding Arbitration
Resource Links
Submit Complaints
View Complaints
Take Action 101!
Report Mortgage Fraud
Mortgage Fraud News
Foreclosure News
Construction Defects
Home Defects
Photo Gallery
Foundation Problems
Homeowner Website Links
HOA Reform
Featured Topics
Builder Death Spiral
Report Mortgage Fraud
Foreclosure Special Report
Mold & New Home Guide
Special News Reports
Centex & Habitability
How Fast Can They Build Them?
TRCC Editorial
Texas TRCC Scandal
Texas Watch - Tell Lawmakers
TRCC Recommendations
Sandra Bullock
People's Lawyer
Prevent Nightmare Homes
Choice Homes
Smart Money
Weekly Update Message
HOBB Archives
About HOBB
Contact Us
Fair Use Notice
Legislative Work
Your House

 HOBB News Alerts
and Updates

Click Here to Subscribe

Support HOBB - Become a Sustaining Member
Who's Online
We have 9 guests online
ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration

Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

Foreclosure Latest News
Hispanics foreclosures - nonprime mortgages soaring 169%
Friday, 09 January 2009

Housing Push for Hispanics Spawns Wave of Foreclosures
Mortgage lenders flooded Mr. Baca's San Bernardino, Calif., district with loans that often didn't require down payments, solid credit ratings or documentation of employment. Now, many of the Hispanics who became homeowners find themselves mired in the national housing mess. Nearly 9,200 families in his district have lost their homes to foreclosure. Between 2000 and 2007, as the Hispanic population increased, Hispanic homeownership grew even faster, increasing by 47%, to 6.1 million from 4.1 million, according to the U.S. Census Bureau. Over that same period, homeownership nationally grew by 8%. In 2005 alone, mortgages to Hispanics jumped by 29%, with expensive nonprime mortgages soaring 169%, according to the Federal Financial Institutions Examination Council.

Read more...
 
Builders Lobby: The industry that triggered the recession lobby for billions
Tuesday, 09 December 2008

Homebuilders lobby Congress for billions
The nation’s home builders, tired of being left off the economic bailout train, launched a lobbying campaign on Monday to push for $200 billion in housing assistance in a stimulus bill that is likely to be a top priority when the new Congress convenes in January.  Why, homebuilders argue, should the industry that triggered the recession not get some government assistance to help right the faltering economy? ...The association has teamed with other housing-related industries to form the Fix Housing First Coalition.

Read more...
 
NY Times: Calif. - 90 percent of homeowners owe more on their mortgages than their houses are worth
Tuesday, 11 November 2008

A Town Drowns in Debt as Home Values Plunge
Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, according to figures released Monday. That is the highest percentage in the country. The average homeowner in Mountain House is “underwater,” as it is known, by $122,000. A visit to the area over the last couple of days shows how the nationwide housing crisis is contributing to a broad slowdown of the American economy, as families who feel burdened by high mortgages are pulling back on their spending.

Read more...
 
Woman 90 Years Old Shoots Herself Over Home Foreclosure
Sunday, 05 October 2008

Fannie Mae forgives loan for woman who shot herself
Addie Polk, 90, of Akron, Ohio, became a symbol of the nation's home mortgage crisis when she was hospitalized after shooting herself at least twice in the upper body Wednesday afternoon. On Friday, Fannie Mae spokesman Brian Faith said the mortgage association had decided to halt action against Polk and sign the property "outright" to her.  U.S. Rep. Dennis Kucinich, D-Ohio, mentioned Polk on the House floor Friday during debate over the latest economic rescue proposal. "This bill does nothing for the Addie Polks of the world," Kucinich said after telling her story. "This bill fails to address the fact that millions of homeowners are facing foreclosure, are facing the loss of their home. This bill will take care of Wall Street, and the market may go up for a few days, but democracy is going downhill."

Read more...
 
Foreclosure drives woman to suicide
Friday, 01 August 2008

DESPERATE MOM KILLS SELF OVER FORECLOSURE WOES
A 53-year-old wife and mother fatally shot herself shortly after faxing a letter to her mortgage company saying that by the time they foreclosed on her house, she would be dead. Carlene Balderrama used her husband's high-powered rifle to kill herself Tuesday afternoon, shortly after faxing the letter at 2:30 p.m., police said.

Read more...
 
Wall Street Journal: Home builders index hits another record low
Wednesday, 16 July 2008

New subdivisions have become ghost towns
Did the homebuilding industry really think a market of people who were not qualified to buy new homes was a sound market strategy that would last or that it was good for America in the long term? Unfortunately, Builders greed hurt qualified families who actually invested their life savings for the American Dream in a market that was falsely inflated and doomed from the start. Builders need to stop the whining. Builders created this mess and now demand federal bailouts instead of jail time.  Janet Ahmad, Home Owners for Better Building.  Read article & Comments...

 
Senate Housing Bill
Friday, 11 July 2008

Senate Housing Bill Still Not Put to a Vote
The Senate failed to pass a huge housing package on Thursday, continuing a legislative process that has been repeatedly bogged down by procedural hurdles, even as the housing market worsens. The multifaceted bill, likely Congress's biggest response to the housing mess, would revamp oversight of the struggling mortgage giants Fannie Mae and Freddie Mac, a measure that Treasury Secretary Henry Paulson has said is vital to restore confidence in the U.S. housing market. The bill would also allow the government to insure up to $300 billion in refinanced mortgages, which Democrats say could help up to 500,000 people avoid foreclosure.

Read more...
 
Fighting Foreclosure: One Family's Story
Tuesday, 08 July 2008

How fighting back enabled a family to keep its home
"Because mortgages were sold again and again and then to Wall Street where they were securitized and sold all over the world, I wonder how many homeowners have been foreclosed by a company that couldn't even show proof that they owned the mortgage." - Nancy Seats, president of Homeowners Against Defective Dwellings, speaking about the case of a homeowner who managed to stop a foreclosure on her home four times because the documentation on it was so flimsy and convoluted that lenders couldn’t even prove they owned her home to have the right to foreclose on it.

Read more...
 
Homebuilding industry lobbies for Big Tax Break Rewards for its Predatory Lending
Saturday, 26 April 2008

Read more...
 
Worthless Foreclosure Prevention Act
Saturday, 26 April 2008

Foreclosure Act Does Squat for Homeowners
Representatives from numerous organizations assembled this week at a press conference in Washington, D.C., to call upon the House of Representatives to fix the legislation, which includes billions in taxpayer-funded breaks to homebuilders and financial-services companies...Critics of the legislation say the measure doesn't do enough to help individuals and families who are now suffering the consequences of a stalled economy. Instead, it aids the homebuilding and financial-services industries, who are in dire straits because of their own actions.

Read more...
 
Homeowners Associations and what's behind them
Wednesday, 16 April 2008

Homeowners Battle to Stop Home Foreclosures and fines
See who is behind HOA abuses of power. Associa Management Company is the largest HOA management company in the US and is owned byTexas Senator John Carona. Need help see American Homeowners Resource Center and Texas Homeowners for HOA Reform.
See Fox News Report  

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Results 45 - 55 of 127
Search HOBB.org

Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


Amazon
Barnes & Noble

 Feature
Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
by
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

Consumer Affairs Builder Complaints

 TRCC Implosion
 TRCC Shut Down
 Sunset Report

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

Bad Binding Arbitration Experience?
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
or call 1-210-402-6800

Homebuilding Texas Style
And the walls came
tumblin' down

Pulte Homeowner Survey
Warranty & Mortgage Experience
 Click to participate

top of page

© 2021 HomeOwners for Better Building
Joomla! is Free Software released under the GNU/GPL License.