The story of one L.A. house illustrates the tens of thousands now off the market for working-class and first-time homebuyers.
One of President Donald Trump’s closest friends and confidants took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord – buying up homes, bumping up rents and allowing the properties to fall into disrepair.
Here’s what the Treasury Department’s changes would do, and wouldn’t, toward solving four major problems we have outlined in our investigation.
Members of the U.S. House Financial Services Committee ask Jerome H. Powell how he plans to address disparities in lending between whites and others.
The treasurer and attorney general said they would probe possible discrimination in mortgage lending. The Philadelphia City Council plans hearings.
At the national and state levels, they vow to ensure people of color get equal access to home loans and the public gets access to lending information.
The federal civil rights lawsuit alleges a blanket refusal to rent to tenants with criminal records.
A federal district court judge has given the go-ahead for tenants of one of the largest landlords in America to pursue a class-action lawsuit.
Government auditors also report the insurance fund for taxpayer-backed mortgages lost $14.2 billion.
Housing company representative defends its “professionalism, dedicated resources, and a lot of energy and desire to service our residents.”