2010 United States foreclosure crisis

The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate,[1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of America, JP Morgan, Wells Fargo, and Citigroup—responded by halting their foreclosure proceedings temporarily in some or all states.[3][4] The foreclosure crisis caused significant investor fear in the U.S.[5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates.[6][7]

One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac.[8][9]

  1. ^ Gandel, Stephen (October 19, 2010). "Will Bankers go to Jail for Foreclosure-gate?". Time. Retrieved October 21, 2010.
  2. ^ Olick, Diana (October 20, 2010). "Administration Shifts Focus on Foreclosure-Gate". CNBC. Retrieved October 21, 2010.
  3. ^ Segal, David (October 17, 2010). "White house urges calm on foreclosures". The New York Times. Retrieved October 18, 2010.
  4. ^ LaCapra, Lauren (October 18, 2010). "Foreclosure crisis: home equity loan time bomb". The Street. Archived from the original on October 22, 2010. Retrieved October 18, 2010.
  5. ^ "Investor fears grow over foreclosure mess". Reuters. October 14, 2010. Retrieved October 18, 2010.
  6. ^ Stuart, Hunter (May 19, 2014). "Foreclosures Linked To Higher Suicide Rates: Study". The Huffington Post. Retrieved May 20, 2014.
  7. ^ Houle, J. N.; Light, M. T. (2014). "The home foreclosure crisis and rising suicide rates, 2005 to 2010" (PDF). American Journal of Public Health. 104 (6): 1073–1079. doi:10.2105/AJPH.2013.301774. PMC 4062039. PMID 24825209. Retrieved May 26, 2014.
  8. ^ "California Now Leads U.S. Out of Housing Bust - Bloomberg | Brief". Bloombergbriefs.com. Retrieved January 15, 2013.
  9. ^ Levy, Dan (October 25, 2012). "N.Y. area leads rise in foreclosure filings | Business & Technology". The Seattle Times. Retrieved January 15, 2013.