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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 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)

Behind Administration Spin: Bailout Still $123 Billion in the Red

The administration has been on a charm offensive about the TARP. We check in with our bailout database to show where things really stand.

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

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?

By the Numbers: A Revealing Look at the Mortgage Mod Meltdown

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.

Loan Mod Program Left Homeowners’ Fate in Hands of Dysfunctional Industry

The Obama administration’s flagship foreclosure prevention program has gambled on the willingness and ability of a troubled industry to help homeowners.

Despite Finding Big Problems in Mortgage Industry, Regulators’ Punishment Unclear

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.

Dems: Obama Broke Pledge to Force Banks to Help Homeowners

Some Democrats now say Obama's administration actually undermined real change in bankruptcy laws to help foundering homeowners.

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

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.

Banks Modifying Tiny Percentage of Mortgages in Need

Data show that modifications are just as rare as they were before the government’s mortgage program launched 19 months ago.

Gov’t Has Spent Small Fraction of $50 Billion Pledged for Loan Mods

Data obtained by ProPublica show how much has gone to each mortgage servicer in the government’s foreclosure prevention program.

Amid Foreclosure Questions, Govt Loan Mod Program Continues Struggles

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.

Mod Program Falling Short of Govt’s Vague Goals

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.

For Gov’t Mortgage Mod Program, New Numbers Show Old Problems

Homeowners still have long, costly waits in the federal foreclosure-prevention program.

Homeowner Questionnaire Shows Banks Violating Gov’t Program Rules

Mortgage servicers regularly break the government's loan modification rules, homeowners report to ProPublica.

After Fannie Error, Treasury Issues Correction on Mod Program Default Numbers

The government's latest, promising numbers on its mortgage modification program turn out to be wrong.

New York Jumps Ahead of Feds With Law Holding Mortgage Companies Accountable on Mods

New York State has new laws to do what Washington hasn't: hold mortgage companies accountable for their treatment of homeowners seeking modifications.

In Financial Regulation Bill, Increased Transparency for Loan Mod Program

The formula for testing homeowners’ eligibility for a mortgage modification will not be a secret anymore.

Loan Mod Backlogs Continue Despite Servicers’ Pledges to Improve

Loan servicers in the federal mortgage modification program continue to have large backlogs, but the administration has failed to respond with any penalties.

Survey: Homeowners Working With Servicers Often Blindsided by Foreclosures

Many housing counselors in California are seeing clients lose their homes while pursuing mortgage modifications.

Loan Mod Program Still Sputtering, Despite Attempted Fixes

No Penalties for Mortgage Company with Worst Loan Mod Backlog

Saxon Mortgage has the largest proportion of homeowners caught in modification limbo, yet has not been subject to any government penalties.
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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