The downturned economy and after-effects of the mortgage crisis have taken a toll on Cincinnati. Drive through a West-side neighborhood and you will see countless foreclosures and blighted properties. Due to irresponsible lending practices, many Ohio homeowners were forced into bankruptcy and lost their homes to foreclosure. What's worse, the banks then refused to take [...]

The Obama administration's foreclosure plan has won plaudits for tackling an issue at the heart of the current financial crisis, but an exact pattern for identifying at-risk mortgages and how to restructure them has yet to be unveiled. Alterations or "workouts" of troubled mortgages are key to stemming the nation's tide of foreclosures, say housing [...]