housing crash

Economy
1:22 pm
Thu February 9, 2012

The mortgage deal: A reality check (in addition to $26 billion)

A member of the Occupy Wall Street movement places tape over a window of a foreclosed home during a march in the impoverished community of East New York in Brooklyn in December.
Spencer Platt Getty Images

Originally published on Thu February 9, 2012 1:19 pm

The $26 billion deal Thursday reached by the federal government, most states and the nation's largest banks to compensate homeowners for abusive foreclosure practices was hailed as a landmark agreement. But it's unlikely to end the mortgage mess that has depressed property values and left millions of homeowners owing more than their homes are worth, analysts say.

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Home loans
11:15 am
Thu February 9, 2012

Washington's share of mortgage settlement: $648 million

Washington's share of a $25 billion national settlement with the nation's biggest mortgage lenders will be about $648 million.

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Environment
9:47 am
Thu December 29, 2011

For Bothell parks, housing bust means more forest

In Bothell, trees are worth fighting for ... especially at these prices.
Karl Hutchinson Flickr

BOTHELL, Wash. — From the freeway, it looks like just another patch of woods ripe for new housing development once the economy revives.

From the air, the forested stretch along I-405 reveals itself as part of a green ribbon buffering an active salmon creek. The appearance of a "sold" sign in mid-December marked a 35-acre patch of western red cedar, western hemlock and Douglas fir as property of the city of Bothell.

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