Articles Tagged With 'Loan Servicers'
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.
Profiles: Shoddy Bank Practices Continue Even After Mortgage Mods
Many homeowners have received a mortgage modification only to find themselves once again at risk of foreclosure because of errors by their mortgage company. ProPublica investigated six of these cases.
Even After Mortgage Modification, Shoddy Bank Practices Hurt Homeowners
Many homeowners have been granted a hard-fought mortgage modification only to have their mortgage company effectively pull a bait and switch.
Lawsuit Reveals How a Middleman Is Blocking Mortgage Modifications for Homeowners
The suit is a window into a broken system where even though the actual investors, when asked, say they want to allow mortgage modifications, the bank that acts as their representative has refused to allow them.
Where Things Stand: Foreclosure Paperwork Scandal
In a scandal that's ballooned in scope since the initial discovery of robo-signers, we review the status of investigations into foreclosure fraud, how courts are handling the mess and what solutions are on the horizon.
Fannie and Freddie’s Regulator Opposes Reducing Mortgages for Struggling Homeowners
The regulator for the government-controlled mortgage giants won’t let them trim loans for homeowners who owe more than their home is worth.
Despite Praise From Banks, Treasury, In-House Loan Mods Provide Less Help to Homeowners
Banks’ own modifications typically reduce monthly payments by half as much as those made in the government program, making homeowners twice as likely to fall behind again after a modification.
The Government’s Incredible Shrinking Mortgage Mod Program
The U.S. government's effort to help struggling homeowners from defaulting on their mortgages is approaching a standstill, and the number of homeowners in ongoing mortgage modifications could start shrinking.
Who’s Who in the Foreclosure Scandal: A Primer on the Players
When it comes to untangling the mortgage foreclosure mess, the process' complexity is part of the problem. Here's a primer on the players involved.
Q&A: Putting the Foreclosure Paperwork Scandal in Perspective
Robo-signing’s just small component of a larger mess made by servicers, according to consumer advocates and attorneys for homeowners. One expert explains how the process should’ve looked.
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.
Loan Mod Profiles: In Trial Limbo
Extended trial periods delay answers and cause problems for homeowners looking for mortgage modifications.
Loan Mod Profiles: Fed Up, Giving Up
A Baltimore homeowner tells why he walked away from his home rather than continue to deal with the loan modification program.
For Gov’t Mortgage Mod Program, New Numbers Show Old Problems
Homeowners still have long, costly waits in the federal foreclosure-prevention program.
The Reporting Matchmaker Is Looking for More Loan Mod Stories
Homeowners are trying to avoid foreclosure, and journalists want to tell their stories.
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.
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.
Loan Mod Logjam Continues for 265,000 Homeowners; Failures Jump
Many who have started in the government's mortgage modification program have been in trials longer than six months.
Only $242 Million Spent So Far on Gov’t $75B Mortgage Mod Program
The U.S. has spent only $242 million of its pledged $75 billion for foreclosure prevention.
