Tag Archive | "Paul Kiel"

Secret Docs Show Foreclosure Watchdog Doesn’t Bark or Bite


ProPublica: Documents suggest the government coddled mortgage servicers in its flagship foreclosure prevention program despite frequent and serious errors.

Published in Housing

Even After Mortgage Modification, Shoddy Bank Practices Hurt Homeowners


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 in Economy, Housing

In Fine Print, Banks Require Struggling Homeowners to Waive Rights


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

Government Vows to Curb Banks’ Foreclosure Practices, But Enforcement Still a Question Mark


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

Loan Mod Program Left Homeowners Fate in Hands of Dysfunctional Industry


ProPublica: Millions of homeowners have been caught in the dysfunctional machinery of the loan servicing industry.

Published in Housing

Dems: Obama Broke Pledge to Force Banks to Help Homeowners


ProPublica: Some Democrats now say Obama’s administration undermined efforts to allow bankruptcy judges to lower home interest rates.

Published in Blog, Government, Housing

Govt’s Loan Mod Program Crippled by Lax Oversight and Deference to Banks


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


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