by Paul Kiel ProPublica, July 27, 2011, 11:07 a.m.
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.
by Paul Kiel ProPublica, March 31, 2011, 11:43 a.m.
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.
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.
The federal government, warned years prior of potential problems with banks' foreclosure operations, failed to act, according to The Washington Post. Now, they're leaving it to the states fix the mess.
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.
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.
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.