“Subprime Slide,” the cover story in the Summer 2007 issue of Shelterforce magazine, explores whether the nation’s foreclosure crisis has knocked affordable homeownership off its foundations.
Across the country, increasing numbers of low- and moderate-income homeowners with subprime mortgages are being hit with rising payments they can’t carry. Shelterforce’s authors explain why in New York and elsewhere, predatory-lending practices are having devastating effects on communities and families, particularly in neighborhoods of color. They examine how housing advocates are responding to the wave of delinquencies and explore the traumas faced by homeowners trying to escape or recover from foreclosure. And from Ohio, one of the states hardest-hit by the storm, Congresswoman Marcy Kaptur maps out the lending reforms needed to stop the flood of foreclosures and prevent its recurrence.
PLUS: How a vendetta against ACORN grew into Attorneygate — Read “Mock the Vote” to learn why a conservative smear campaign against ACORN, long under the radar of mainstream media, may have a profound influence on the outcome of the 2008 presidential election.
You will find a summary and links to these and more feature articles below. Contact Alice Chasan with questions. To view the full issue or subscribe to Shelterforce, click here. go to