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Paul Kiel

Paul Kiel
Read Paul Kiel's e-book, The Great American Foreclosure Story, on your Kindle or mobile device.

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Paul Kiel's coverage of the foreclosure crisis at ProPublica won a 2011 Scripps Howard Award for business/economics reporting and a Best in Business award from the Society of American Business Editors and Writers. He’s produced stories for the Washington Post, USA Today, Slate, and American Public Media’s Marketplace, among others.

Before joining ProPublica in 2008, Kiel wrote for TPMmuckraker, Talking Points Memo's investigative reporting blog. TPM's coverage of the firings of U.S. attorneys and politicization of the Department of Justice won a George Polk Award for legal reporting.

Articles

On Victory Drive, Soldiers Defeated by Debt

A federal law is supposed to protect service members from predatory lending. But lenders exploit loopholes, trapping military personnel in high-interest debt.

Map: Lenders Line up on Victory Drive

The 182 Percent Loan: How Installment Lenders Put Borrowers in a World of Hurt

Many people know the dangers of payday loans. But “installment loans” also have sky-high rates and work by getting borrowers — usually poor — to renew over and over. We take you inside one of the biggest installment lenders, billion-dollar World Finance.

For Most Homeowners, Gov’t Foreclosure Deal Brings A Few Hundred Bucks

Bank regulators finally announced the details of a settlement with the biggest banks over foreclosure abuses. Most borrowers will receive $500 or less. And the details are confusing.

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

Banking regulators admitted the Independent Foreclosure Review was a big expensive mess and shut it down. But many details about the $8.5 billion settlement that replaces it remain murky.

As Foreclosure Crisis Drags On, So Does Flawed Government Response

A look at the government’s response as the foreclosure crisis enters its seventh year.

Cheat Sheet: BofA Supplied Default Answers for ‘Independent’ Foreclosure Claims Reviewers

The Independent Foreclosure Review, the government’s main effort to compensate homeowners for harm by banks, is supposed to be independent from the banks. But in Bank of America’s case, it wasn’t.

Exec Who Allegedly Enabled Fraud Runs Chase’s Effort to Compensate Foreclosure Victims

A former Countrywide and Bank of America executive named by Justice Department lawyers as facilitating a scheme to defraud Fannie Mae and Freddie Mac now heads JPMorgan Chase’s involvement in the Independent Foreclosure Review.

Read the Documents Treasury Has Been Keeping Secret

Secret Documents Show Weak Oversight of Key Foreclosure Program

The Obama administration trumpeted its
flagship program to prevent foreclosures, known as HAMP. But it provided shockingly
ineffective oversight.

Where Are the Foreclosure Deal Millions Going in Your State?

We contacted every state to see how they are spending the money they received from the foreclosure settlement. Here’s the most comprehensive breakdown available anywhere.

Doubts About Independent Foreclosure Review Spread

Evidence emerges that the largest banks might be influencing the determination of who was victimized by their own practices.

Is BofA’s Foreclosure Review Really Independent? You Be the Judge

Bank of America and federal regulators say the Independent Foreclosure Review is just that — independent. But documents and interviews indicate it’s not.

Foreclosure Fail: Study Pins Blame on Big Banks

A study by government and academic researchers finds that approximately 800,000 homeowners missed out on mortgage modifications because of big banks’ poor performance.

The Bailout: By The Actual Numbers

While Democrats paint a glowing picture of the bailout, our Bailout Tracker database tells the whole story. A look at the biggest losses and gains stemming from the TARP and Fannie, Freddie bailout.

Big Foreclosure Compensation, But Only for the Right Wrongs

Last month, the government released information on the compensation victims of the banks’ foreclosure practices might receive. For homeowners, it turns out that it’s crucially important just how the bank messed up.

Guiding You Through the Govt’s Foreclosure Compensation Maze

The government promises that harmed homeowners will get compensated —but its programs are confusing. We help navigate them.

Where Are the Foreclosure Deal Millions Going in Your State?

We contacted every state to see how they are spending the money they received from the foreclosure settlement. Here’s the most comprehensive breakdown available anywhere.

Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds

Under the foreclosure settlement with big banks, states got $2.5 billion to help homeowners. But a comprehensive, state-by-state breakdown shows that almost a billion is going to general use.

Excerpt: At Goldman Sachs Servicer, ‘Total Disaster’

An employee at a mortgage servicer that was owned by Goldman describes the internal chaos that harmed thousands of homeowners and undermined the government’s flagship foreclosure prevention program.

Paul Kiel
Read Paul Kiel's e-book, The Great American Foreclosure Story, on your Kindle or mobile device.

Contact Info

Get Updates

Stay on top of what we’re working on by subscribing to our email digest.

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