Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks' Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.
Jerilee Wei never expected to be living next to a cow pasture when she bought her home in Lakeland, Fla., in 2007. In her upscale community, newly constructed houses were selling for between $300,000 and $425,000. Then one morning she woke up and found some cattle had moved in.
Las Vegas has always been a place of dreams, promising that pennies could turn into fortunes, cities could rise from the desert, and property values could rise eternally. But you can also lose your shirt there, and the real estate crash has hit Sin City harder than anyplace else in the country.