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Independent Foreclosure Review

Ben Hallman

Big Banks' Mortgage Units -- Still Failing Customers -- Face New Restrictions | Ben Hallman | Posted 06.17.2015 | Business

Remember that time the nation's largest banks engaged in fraud and deceptive lending to fuel Wall Street's insatiable appetite for dodgy investments b...

Ben Hallman

How Bank Watchdogs Killed Our Last Chance At Justice For Foreclosure Victims | Ben Hallman | Posted 04.30.2014 | Business

The results are in. The award for the sorriest chapter of the great American foreclosure crisis goes to the Independent Foreclosure Review, a billion-...

Ben Hallman

Foreclosure Settlement Still Failing 700,000 Families One Year Later | Ben Hallman | Posted 01.25.2014 | Business

One year after federal bank regulators pledged that a nearly $10 billion legal settlement would quickly deliver cash to foreclosure abuse victims, hun...

Ben Hallman

400,000 Foreclosure Settlement Checks Sent To Wrong Address | Ben Hallman | Posted 07.25.2013 | Business

Like millions of Americans who tried to stave off foreclosure in recent years, Lanette Worles says her bank repeatedly lost vital paperwork she submit...

Take Two: A Remedy for the Robo-Signing Remedy

Janis Bowdler | Posted 07.08.2013 | Latino Voices
Janis Bowdler

The Independent Foreclosure Review process has been an utter disappointment. More than four million families have been waiting for answers since the IFR was instituted in April 2011.

Ben Hallman

Foreclosure Settlement Checks Are Much Smaller Than Regulators Forecasted: Homeowners | Ben Hallman | Posted 05.01.2013 | Business

Adam Crain reckoned he was due $125,000. That amount would come as compensation for losing his Oak Harbor, Wash., home to foreclosure while he was ser...

Ben Hallman

Foreclosure Settlement Checks Bounce In Latest Setback For Troubled Program | Ben Hallman | Posted 04.17.2013 | Business

The foreclosure abuse settlement that was intended to speed relief to homeowners is ending as it began: with controversy and complaints that the progr...

Ben Hallman

Warren, Brown Rake Foreclosure Officials Over The Coals | Ben Hallman | Posted 04.12.2013 | Business

Two prominent Democratic senators levied a withering attack on federal bank regulators on Thursday, accusing them at a Senate hearing of putting the i...

Shahien Nasiripour

Foreclosure Review Finds Potentially Widespread Errors | Shahien Nasiripour | Posted 04.09.2013 | Business

BOSTON -- Nearly a third of all foreclosed borrowers who faced proceedings brought by the biggest U.S. mortgage companies during the height of the hou...

Ben Hallman

Foreclosure Probe Faults Regulators For Sloppy Guidance | Ben Hallman | Posted 04.03.2013 | Business

NEW YORK -- In abruptly ending a case-by-case review of hundreds of thousands of foreclosed home loans early this year, federal regulators said the pr...

The Greatest Disappointment

Mike Lux | Posted 06.01.2013 | Politics
Mike Lux

There is a new report out once again reminding us of the greatest disappointment progressives have in the Obama administration: the lack of toughness in regards to Wall Street. Until the Obama administration fixes this problem, the rest of the economy is going to keep suffering.

Ben Hallman

Top Dem Urges Congress To Investigate Foreclosure Abuse Settlement | Ben Hallman | Posted 02.05.2013 | Business

The top Democrat on the House Financial Services Committee called Tuesday for Congress to "immediately" hold a hearing to investigate a controversial ...

Ben Hallman

Warren Demands Transparency On Failed Foreclosures | Ben Hallman | Posted 01.31.2013 | Business

Three influential lawmakers on Thursday called for bank regulators to disclose more details of the $8.5 billion foreclosure abuse settlement reached e...

Ben Hallman

Recent Foreclosure Settlement Was A Win For Big Banks | Ben Hallman | Posted 01.25.2013 | Business

The $8.5 billion foreclosure abuse settlement reached earlier this month with the mortgage industry was designed, bank regulators said, to speed quick...

Had Foreclosure Reviews Continued, Bank Of America Would Have Owed At Least $10 Billion: Naked Capitalism

Ben Hallman | Posted 03.24.2013 | Business
Ben Hallman

Federal bank regulators and the mortgage companies claim the recent foreclosure abuse settlement is good news for homeowners who had applied to the re...

Eleazar David Melendez

839 Laid Off At JPMorgan Chase In Fallout From Foreclosure Review Settlement | Eleazar David Melendez | Posted 01.14.2013 | Business

The layoffs came swiftly at JPMorgan Chase and Co. last week following the announcement that a much-maligned program meant to identify and compensate ...

Ben Hallman

Inside The Twisted, Doomed-From-The-Start World Of 'Independent' Foreclosure Review | Ben Hallman | Posted 01.14.2013 | Business

Last January, dozens of independent contractors showed up for their first day of work at a large, single-story Bank of America building in Tampa to ri...

Quick Fix: Recent Mortgage Settlement Still Leaves Latino Homeowners Vulnerable

Janis Bowdler | Posted 03.10.2013 | Latino Voices
Janis Bowdler

The Independent Foreclosure Review (IFR) was a terribly flawed enforcement action during which banks hired independent consultants to assess abuses and compensate the homeowner.

Eleazar David Melendez

New Foreclosure Settlement Replaces Henhouse Fox With Wolf, Advocates Say | Eleazar David Melendez | Posted 01.08.2013 | Business

For more than a year, housing advocates and their allies worried that a review of foreclosed loans managed by banking regulators was vulnerable to mor...

Ben Hallman

Independent Foreclosure Review Process Ditched Ahead Of 'Critical' Report | Ben Hallman | Posted 12.31.2012 | Business

The surprising decision by regulators to scrap a massive and expensive foreclosure review program in favor of a $10 billion settlement with 14 banks -...

'Independent' Foreclosure Reviewers Not So Independent

ProPublica | Paul Kiel | Posted 12.17.2012 | Business

ProPublica: The Independent Foreclosure Review is the government's main effort to compensate homeowners for harm they suffered at the hands of banks ...

Racial Inequality and the Independent Foreclosure Review

Dedrick Muhammad | Posted 01.12.2013 | Black Voices
Dedrick Muhammad

If your home faced foreclosure between Jan. 1, 2009, and Dec. 31, 2010, then you may be able to suspend foreclosure on your home, correct a bad credit report, modify your loan or receive compensation.

Ben Hallman

The 1 Thing Obama Must Fix To Secure His Economic Legacy | Ben Hallman | Posted 11.09.2012 | Business

President Barack Obama secured reelection while managing to talk around one area of economic policy in which experts frequently charge him with failur...

Ben Hallman

Mounting Evidence Calls Into Question So-Called Indepenent Foreclosure Review | Ben Hallman | Posted 10.25.2012 | Business

After three years of hand-to-hand combat with Bank of America over his home loan, Daniel Casper was more than ready to call in a neutral referee. So i...

Independent Foreclosure Review Process Flawed

Anna Cuevas | Posted 09.25.2012 | Business
Anna Cuevas

Federal banking regulators have called for Independent Foreclosure Reviews to determine if there were mistakes in the foreclosure process for loans in...