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Paul Kiel covers consumer finance for ProPublica.
Recently, his focus has been on debt collection and high-cost lending. His work in 2013 was honored as a finalist for both a Gerald Loeb Award and a Best in Business award from the Society of American Business Editors and Writers.
His work on the foreclosure crisis was featured in The Best Business Writing 2013. It also won SABEW Best in Business awards in both 2011 and 2012 and a 2011 Scripps Howard Award for business/economics reporting.
He’s produced stories for the Washington Post, USA Today, Slate and American Public Media’s Marketplace, among others.
Articles (page 4 of 23)
March 11, 2011, 11:41 a.m.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?
March 8, 2011, 12:37 p.m.We compiled the most compelling data we could find to show how the mortgage industry and the government's main effort, the Home Affordable Modification Program (HAMP), have failed homeowners.
Feb. 17, 2011, 5:03 p.m.The Obama administration’s flagship foreclosure prevention program has gambled on the willingness and ability of a troubled industry to help homeowners.
Feb. 17, 2011, 1:16 p.m.Federal regulators say they're going to crack down after finding "critical deficiencies" with how banks and mortgage servicers have been handling struggling homeowners. But it's an open question just what form a punishment will take.
Feb. 4, 2011, 8:48 a.m.Some Democrats now say Obama's administration actually undermined real change in bankruptcy laws to help foundering homeowners.
Jan. 27, 2011, 10:41 a.m.The Obama administration’s $75 billion foreclosure prevention program known as HAMP has been weakened, perhaps fatally, by a posture of cooperation—rather than enforcement—with the nation’s biggest banks.
Nov. 22, 2010, 8:17 a.m.Data show that modifications are just as rare as they were before the government’s mortgage program launched 19 months ago.
Nov. 11, 2010, 11:47 a.m.Data obtained by ProPublica show how much has gone to each mortgage servicer in the government’s foreclosure prevention program.
Oct. 26, 2010, 10:07 a.m.New numbers show the administration’s mortgage modification program (HAMP) continues to struggle, while government officials say the banks’ flawed foreclosure practices should draw even more attention to their poor record in the handling of homeowners seeking modifications.
Sep. 23, 2010, 10:11 a.m.The government's mortgage modification is on pace to fall short of even the administration's vague goals, while details on why homeowners are being disqualified from the program raise questions.
Aug. 23, 2010, 10:33 a.m.Homeowners still have long, costly waits in the federal foreclosure-prevention program.
Aug. 16, 2010, 8:02 a.m.Mortgage servicers regularly break the government's loan modification rules, homeowners report to ProPublica.
Aug. 10, 2010, 2:17 p.m.The government's latest, promising numbers on its mortgage modification program turn out to be wrong.
Aug. 10, 2010, 7:57 a.m.New York State has new laws to do what Washington hasn't: hold mortgage companies accountable for their treatment of homeowners seeking modifications.
July 21, 2010, 1:07 p.m.The formula for testing homeowners’ eligibility for a mortgage modification will not be a secret anymore.
July 21, 2010, 10:14 a.m.Loan servicers in the federal mortgage modification program continue to have large backlogs, but the administration has failed to respond with any penalties.
July 7, 2010, 8:41 a.m.Many housing counselors in California are seeing clients lose their homes while pursuing mortgage modifications.
June 22, 2010, 10:15 a.m.
May 28, 2010, 12:53 p.m.Saxon Mortgage has the largest proportion of homeowners caught in modification limbo, yet has not been subject to any government penalties.
May 18, 2010, 11:05 p.m.Chase has the most homeowners who have spent more than six months in a trial mortgage modification.
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