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Articles Tagged With 'Housing'

Internal Doc Reveals GMAC Filed False Document in Bid to Foreclose

An internal document obtained by ProPublica shows that when one of the nation's largest mortgage servicers sought to foreclose on a homeowner last year and lacked a crucial document, they just made one up.

New York State Foreclosure Mediation Shows Glimmers of Hope in Helping Homeowners

New York is requiring banks to sit down with homeowners before foreclosing. And it’s slowly starting to pay off.

Biggest Banks Ensnared as Foreclosure Paperwork Problem Broadens

Bank of America, Wells Fargo, and others have joined GMAC and JPMorgan under the microscope as bank regulators order major servicers to review their foreclosure procedures for robo-signing and flawed documents.

Homeowner Tips for Getting Loan Modifications

Homeowners dealing with the load modification process offer some tips to make sure others can succeed.  

Loan Mod Profiles: For Some, a Modification

Permanent loan modifications can save homeowners from foreclosure, but for some, the help does not go far enough.

Homeowner Questionnaire Shows Banks Violating Gov’t Program Rules

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

Loan Mod Profiles: The Runaround

Many who are facing foreclosure say that paperwork errors and other problems are bogging down mortgage modifications.

Disorganization at Banks Causing Mistaken Foreclosures

Some people have lost their homes even while going through the mortgage modification process.

ProPublica on ‘This American Life’ ... Plus, a Special CDO Singalong

Details of ProPublica's investigation of the Magnetar Trade can be heard on NPR, which describes it as the story of "one small group of people who made hundreds of millions of dollars for themselves while worsening the financial crisis for the rest of us."

Big Salary for Chicago Housing Nonprofit Exec

The president of an organization that helps provide affordable homes for lower-income people was paid $685,000 in 2008.

‘Evil’-Doers Target Stimulus Housing Credits

A tax break for first-time home-buyers, set to expire soon, has drawn thousands of suspicious claims.

Morning Cup: Problems in Housing and Sacramento

Freddie Mac Loan Contractor Has Spotty Record

Still ‘Hope’ For Gov’s Homeowners Program?