foreclosure

There are many aspects to the foreclosure crisis and a growing number of articles and resources about this issue. Listed here are several articles which offer a little more insight into foreclosure.

Return To The Giant Pool of Money - NPR Article

Confused about the mortgage crisis? Want to learn more about what caused it to happen? This story follows people involved in different aspects of the crisis and shines a clearer picture of the causes and effects of events which lead to the housing market crash.

Subprime Loans, Foreclosure, and the Credit Crisis
What Happened and Why? - A Primer

Equality and housing – learn how race and ethnicity have influenced housing in the past and how subprime lending programs to low-income households played a pivotal role in the loan crisis.

Minnesota Home Ownership Center
2008 FORECLOSURE COUNSELING PROGRAM REPORT

Between 2005 and 2008, the rate of foreclosures in Minnesota drastically increased, however the crisis in Minnesota was reduced with the help of counselors from the Minnesota Home Ownership Center. Here is an overview of the foreclosure prevention counseling program conducted by the center.

Stealing the American Dream: Foreclosure in Minnesota

Presentation notes on Minnesota legislation acts aimed at aiding the foreclosure crisis with maps of subprime loan originations and foreclosures in the Twin Cities by a housing studies student at the University of Minnesota.

Neighborhood Responses to the Foreclosure Crisis

A symposium held on foreclosure discusses the complexities of the housing foreclosure crisis, the long-lasting effects the crisis will have on neighborhoods, and the actors necessary in order for recovery strategies to be implemented.

The Unraveling of the American Dream:
Foreclosures in the Immigrant Community of Minneapolis

An assistant professor at the Humphrey Institute of Public Affairs of the University of Minnesota examines the foreclosure crisis in immigrant populations in Minneapolis. .

Minnesota’s 2007 Anti-Predatory Lending Law 

Two bills were passed by the 2007 Minnesota State Legislature that together form a comprehensive package of protection and enforcement tools to protect homeowners from unscrupulous and predatory mortgage lending practices.  Their enactment will help stem the tide of foreclosures and preserve homeownership and equity for Minnesota borrowers.

Learn more about tools for state and local roles when dealing with foreclosure here.
Questions about foreclosure? Check out some FAQs here.