One Recession, ‘Two Societies’
Ralph De La Cruz: The Pew Research Center reports that the wealth gap between whites and blacks and Hispanics has never been greater.
Florida Communities Poorly Prepared for Aging Population
Ralph De La Cruz: By 2030, more than one-fourth of all Floridians will be over age 65.
Officials Warn That Foreclosure Probes May Prove Inadequate
ProPublica: In Florida, after Republican Attorney General Pam Bondi took office in January, the state forced out two investigators who had led efforts to uncover foreclosure fraud and produced a lengthy report detailing the problems.
FDIC Chairwoman: Mortgage Industry ‘Didn’t Think Borrowers Were Worth Helping’
ProPublica: Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair said the mortgage's industry's reluctance to provide mortgage modifications stems in part from the industry's "disdain for borrowers."
Insurers for Drywall Supplier Settle Lawsuit
ProPublica: Insurers representing Florida-based drywall supplier Banner Supply Co. have agreed to pay $55 million to settle some of the claims filed by homeowners whose homes were built with Chinese drywall.
Even After Mortgage Modification, Shoddy Bank Practices Hurt Homeowners
ProPublica: Many homeowners have been granted a hard-fought mortgage modification only to have their mortgage company effectively pull a bait and switch. The problems range from homeowners being hit with unexpected extra charges to the bank simply ignoring the signed agreement.