New Data: See the Mortgage Mod Logjam for Each Servicer
The logjam of people stuck in trial modifications continues. Data released by the Treasury Department on Wednesday shows that … more…
Homeowners Say Banks Not Following Rules for Loan Modifications
Nathan Reynolds is something of an expert on the government’s foreclosure prevention program. A mortgage broker who’s worked in … more…
With Bank Money Returning, Bailout Burden Shifts Toward Housing
The year ended with three of the biggest bailout recipients – Bank of America, Wells Fargo and Citigroup – together returning more … more…
The Secret Test That Ensures Lenders Win on Loan Mods
“NPV Test: Failed.”
That was the red-lettered verdict on the computer screen of a CitiMortgage negotiator in June. The result: … more…
How Are Those Loan Mods Coming? Sept. Edition
Five months into the government’s $75 billion loan modification program, less than 12 percent of eligible homeowners have seen … more…
Bundled Mortgages Pose Problems for Housing Program
This story was co-produced with Marketplace.
Seventy-year-old Barbara Harris can’t help crying when she walks around her … more…
Lawsuits Claiming Abuse Mount for Gov’t Mortgage Partners
The mortgage companies that the administration is relying on to help stop foreclosures have records of preying on homeowners, … more…
Big Bailed-Out Banks Ramp Up Fees
Even as the biggest banks have reached up for billions in federal aid, they have reached down to collect more and more penalty … more…
Homeowners Seeking Gov’t Loan Mods Are Fed Up
Last week, Christina McGrath of Riverside, Calif., got a loan modification. Now she has some advice for the millions of homeowners … more…
Bailout for Breakfast: The Stress Test 10?
OK, we’ve got our first estimate from the “stress test” rumor mill of the number of banks that will have to raise additional … more…
Bailout for Breakfast
Good morning! The administration’s $50 billion mortgage modification program is out of the gate, and six major mortgage servicers … more…
March 04, 2010
Wells Fargo Executives Get Bigger Salaries Christina Rexrode and Rick Rothacker, Charlotte Observer, March 04, 2010
December 17, 2009
Wells Fargo Faces Federal Probe over Securities Lending Chris Serres, Star Tribune, December 17, 2009
September 18, 2009
Suit Alleges Trusted Blacks Drew Minorities to High-Rate Loans Mary Kane , Washington Independent, September 18, 2009
September 11, 2009
Wells Fargo Exec Said to Use Home Lost by Madoff Victims E. Scott Reckard and David Sarno, Los Angeles Times, September 11, 2009
June 22, 2009
Reverse Mortgages Giving Regulators Some Concerns Christina Rexrode, Charlotte Observer, June 22, 2009
June 17, 2009
Loan Redos Get Tangled in Thicket of Red Tape Robin Sidel, Wall Street Journal ($), June 17, 2009
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