Ed DeMarco and the spectre of strategic modifiers – Felix Salmon
I, for one, would be petrified of playing this game, because I would have no faith at all that my mortgage servicer would do the right thing and give me that principal reduction, rather than having its left hand lose lots of paperwork while its right hand started foreclosure proceedings.
Michigan Counties Win Big in Fannie, Freddie Lawsuit – Governing.com
Score one for the little guy. Or maybe make that $5 million for the little guy.
Why Now Is a Good Time to Buy a House – Fiscal Times
A fund to support homeowners in the communities hit hardest by the collapse of the housing bubble has disbursed just 3 percent of its budget and aided only 30,640 homeowners in the two years since its creation, according to a report released on Thursday by a federal watchdog office.
Sony confirms 10,000 job cuts, plans to turn around TV business - Contra Costa Times
48% of Chicken in Small Sample Has E. Coli – NY Times
Peak Meat: U.S. Meat Consumption Falling – Earth Policy Institute
More children born to unmarried parents – USA Today
The percentage of first births to women living with a male partner jumped from 12% in 2002 to 22% in 2006-10 — an 83% increase. The percentage of cohabiting new fathers rose from 18% to 25%. The analysis, by the National Center for Health Statistics, is based on data collected from 2006 to 2010.
“We were a little surprised in such a short time period to see these increases,” says demographer Gladys Martinez, lead author of the report, based on face-to-face interviews with 12,279 women and 10,403 men ages 15-44.