Posts by hdcoadmin
Subprime crunch felt on Jersey Shore
The Asbury Park(N.J.) Press analyzed federal Home Mortgage Disclosure Act data to report that in Monmouth and Ocean counties subprime lending accounted for one out of five mortgages in 2006, a total of $3.1 billion. Reporter Jason Method found “the income of subprime borrowers was 5 percent lower than those taking out traditional mortgages, yet…
Read MoreFEMA aid distribution uneven to victims of NY storms
Patrick Lakamp, Mary Pasciak and Susan Schulman of the Buffalo News report on FEMA’s uneven aid to areas hit by a surprise storm last October. “Almost one-half the nearly 18,000 residents in Western New York who applied for FEMA money got some help. But in Buffalo, one-third of the applicants received aid.” In North Buffalo,…
Read MoreFlorida faces downturn in real estate, jobs
Florida Today published a three-part report on how the local economic boom has gone bust. “The shifting real estate market has spooked homebuyers, frustrated sellers, stalled new development and trapped some residents with mortgages they can no longer afford.” Reporters John McCarthy and Scott Blake, and assistant managing editor Matt Reed examine the trends and…
Read MoreDiploma mills help firefighters boost pay
The Sacramento Bee‘s Andrew McIntosh reports that “16 Sacramento city firefighters together pocketed $50,000 in extra pay after using bachelor’s degrees purchased from online diploma mills to obtain raises.” In the end, 28 firefighters, including eight captains, tried to obtain a five percent education incentive raise with questionable academic credentials. New York City penalized a…
Read MoreBad loans spread problems across U.S.
Rich Brooks and Constance Mitchell Ford of the Wall Street Journal examine the sad state of the country’s mortgage markets, finding evidence to dispel the conventional wisdom that subprime loans mainly were given out to low-income borrowers who can’t afford the payments. Instead, the newspaper reports that “. Although the concentration of high-rate loans is…
Read MoreSouth Florida feels crunch of exotic loans
Jack Dolan and Matt Haggman of The Miami Herald reported that home buyers in South Florida have been signing so-called toxic mortgages at rates far higher than buyers in other areas of the country. Unlike the well-publicized problems with sub-prime loans, these toxic mortgages are concentrated in some of the nation’s most affluent and desirable…
Read MoreDemographic analysis shifts Dallas crime ranking
A database analysis found that while the city of Dallas is once again ranked among “the worst large cities for violent crime,” the numbers change when the sample is more closely examined. Jennifer LaFleur and Tanya Eiserer of The Dallas Morning News used “statistical tools that correct for the effect of factors such as poverty,…
Read MoreDeveloper blows whistle on City Hall shakedowns
Reese Dunklin of The Dallas Morning News tells the story of developer Bill Fisher, who became an FBI informant after his low-income apartment complex projects were rejected by the Dallas City Council. Before the vote, Fisher was told that in order to get millions of dollars in economic incentives, he would have to do favors…
Read MoreReporting of sudden infant deaths vary wildly across the country
The results of an in-depth investigation into infant deaths by Thomas Hargrove and Lee Bowman was launched online this week. They looked at over 40,000 infant deaths since 1992 to find that “the quality of infant death investigations, the level of training for coroners, and the amount of oversight and review vary enormously across the…
Read MoreThe assassination of Chauncey Bailey
The San Francisco Chronicle published a two-part series beginning with a profile of murdered Oakland Post editor Chauncey Bailey. His suspected killers are linked to Your Black Muslim Bakery, the subject of his last, still unpublished, investigation.“Bailey, 57, became the first journalist assassinated in this country since 1993 — according to the Committee to Protect…
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