foreclosure

January 29, 2015

The Government Is Hungry: Detroit and ‘The Grapes of Wrath’

Detroit home owners are being put out of their homes, but it’s not because of bankers. Then by who? It’s the Detroit city government seeking to collect back real estate taxes. Continue Reading...

September 16, 2009

Government-Managed Capitalism: A Love Story

Memo to documentary filmmaker Michael Moore: Free markets didn’t cause the financial crisis. The biggest culprits were government planners meddling with the market. That’s the message of Acton’s newest video short. Continue Reading...

August 19, 2009

Acton Commentary: The New Mortgage Fraud — Kick ’Em When They’re Down

The mortgage fraudsters are back, but this time they’re preying on people struggling to keep their homes out of foreclosure. In her commentary, Kelsey VanOverloop looks at how the “Foreclosure Rescue” come-on works and what homeowners can do to avoid the serious consequences of dealing with an unethical lender. Continue Reading...

March 24, 2009

Looming Spiritual Foreclosure

It’s not quite gotten to the point of robbing Peter to pay Paul, at least not yet, but following the spate of foreclosures on residential and commercial properties, you can expect another rash of foreclosures on church buildings across the country. Continue Reading...

February 23, 2009

‘The Morality of Mortgage Relief’

The National Catholic Register’s Tom McFeely interviewed Sam Gregg, director of research at Acton, about President Barack Obama’s $75-billion plan to help mortgage holders at risk of default. McFeely: What is your overall assessment of President Obama’s mortgage relief plan? Continue Reading...

September 24, 2008

The ‘new’ ownership society

I don’t think government ownership is what President Bush had in mind when he talked about his vision for an “ownership society,” which had ostensibly included a plank focused on “expanding homeownership.” Continue Reading...

September 20, 2006

Toxic Mortgages and Personal Responsibility

Mortgage foreclosure rates soared 53 percent in August, compared with a year earlier, and many people who were eager to buy a house with low “teaser” interest rates and creative financing are in trouble. Continue Reading...