Unnatural Disaster
How mortgage servicers are strong-arming the victims of the Moore, Oklahoma tornado (among others)
On May 20, a massive EF5 tornado whipped through heavily populated Moore, Oklahoma, killing 24 and injuring nearly 400. That tragedy has now shifted into the drudgery of recovery. According to the state’s Insurance Department, claims from the tornado in Moore and a subsequent twister in the city of El Reno have topped 60,000. The damage is expected to reach $2 billion.
By threatening to resign as CEO, the JPMorgan honcho gave shareholders no choice but to keep him as chairman as well.
Guerrillas in the Boardroom
Shareholder activists are getting smarter—and could soon claim their biggest scalp
Shareholder activists are getting smarter—and could soon claim their biggest scalp.
Newark's Terrible New Foreclosure Fix Idea
Activists in the city think eminent domain can save their neighborhoods
Activists in the city think eminent domain can save their neighborhoods—but the plan would never work.
Fannie and Freddie Are Stronger Than Ever
The reviled companies are the only players in the secondary mortgage market
Fannie Mae and Freddie Mac, the government-backed guarantors of residential mortgages, hold a particularly reviled place in our political culture. They stand accused of taking a $187.5 billion government bailout (correct) and inciting the housing bubble and financial crisis (largely incorrect).
Why February's growth may be overstated.
Your New Landlord Works on Wall Street
Hedge funds are snatching up rental homes at an alarming rate
Hedge funds are snatching up rental homes at an alarming rate—and a new bubble may be forming.
Back from the Brink
Progressives have achieved the impossible: They balanced California's books
California's budget woes were supposed to be unsolvable. But a coalition of progressives has finally brought order to the state's books.
