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Back to Which Way, L.A.?

Which Way, L.A.?

Three Years Later, the Housing Crisis Continues

Three years after the housing market began to collapse banks own more than a million homes due to foreclosures, with another million on the verge of repossession this year and millions more in years to come. Economists call it a "glut" that's extending the housing crisis and pushing down prices.

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By Warren Olney • May 12, 2014 • 1 min read

Three years after the housing market began to collapse banks own more than a million homes due to foreclosures, with another million on the verge of repossession this year and millions more in years to come. Economists call it a "glut" that's extending the housing crisis and pushing down prices. In several states, attorneys general say they're trying to rebuild public confidence in the home loan industry by going after banks and lenders for fraud. Could criminal convictions restore public confidence or is it already too late?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Karen Radziner

    Managing Producer, To the Point & Which Way LA?

  • KCRW placeholder

    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

  • KCRW placeholder

    Michael Troncoso

    California Attorney General's Mortgage Fraud Strike Force

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    Mark Calabria

    Cato Institute

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    Joshua Rosner

    Graham Fisher & Company

    News
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