ProPublica: Documents suggest the government coddled mortgage servicers in its flagship foreclosure prevention program despite frequent and serious errors.
Published on October 5, 2011.
ProPublica: Documents suggest the government coddled mortgage servicers in its flagship foreclosure prevention program despite frequent and serious errors.
Published in Housing
Published on June 2, 2011.
ProPublica: Many homeowners have been granted a hard-fought mortgage modification only to have their mortgage company effectively pull a bait and switch. The problems range from homeowners being hit with unexpected extra charges to the bank simply ignoring the signed agreement.
Published on May 9, 2011.
ProPublica: A case in Florida shows how servicers can invoke waivers to smooth the way to foreclosure — even when servicer error is the apparent cause of default.
Published in Housing
Published on March 11, 2011.
ProPublica: Hosts of federal agencies and regulators, along with the 50 state attorneys general, are hard at work on laying out new rules for banks and mortgage servicers. But attempts to reform this process have failed before. Will banks abusing the system be held accountable?
Published in Blog, Government, Housing
Published on February 17, 2011.
ProPublica: Millions of homeowners have been caught in the dysfunctional machinery of the loan servicing industry.
Published in Housing
Published on February 7, 2011.
ProPublica: Some Democrats now say Obama’s administration undermined efforts to allow bankruptcy judges to lower home interest rates.
Published in Blog, Government, Housing
Published on January 27, 2011.
ProPublica: The Obama administration’s $75 billion foreclosure prevention program has been weakened, perhaps fatally, by lax oversight and a posture of cooperation — rather than enforcement — with the nation’s biggest banks. (Updated Feb. 17, 2011.)
Published in Government, Housing