Loan Modification

Herman Cain: Banks 'Want To Help People, They Really Do'

The Huffington Post | Luke Johnson | Posted 12.19.2011

Republican presidential candidate Herman Cain said on Wednesday that banks want to "help people" renegotiate their mortgages but that government regul...

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Bailout Dollars Meant For Struggling Homeowners May Pay Down Deficit Instead

Posted 10.25.2011

Read More: Congress Homeowners, Foreclosure Crisis, Housing Prices, Loan Modifications, Loan Modification, Obama Foreclosure, Congressional Budget Office, Treasury Spokeswoman, Business News

By Lois Beckett, ProPublica With housing prices dropping sharply, and foreclosure filings against more than 1 million properties in the first h...

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Those Walking Away From Mortgages Aren't Who You'd Expect

AOL Real Estate | Catherine New | Posted 07.11.2011

Read More: Housing Market, Loan Modification, YouWalkAway.Com, Freddie Mac, Lending Industry, Financial Consultant, Center for Responsible Lending, Fannie Mae, Mortgage Defaults, Housing Crisis, University of Chicago's Booth School of Business, Upside Down Mortgages, Business News

Like so many American homeowners, he lost his job in the financial crisis and watched the value of his house plunge. Unable to modify his loan -- and ...

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Foreclosure Hero: Man Pesters Executives, Saves Friend's House

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011

Read More: Loan Modification Fraud, Homeowners Foreclosure Rescue Scams, Foreclosures, Loan Modification, OneWest Bank, Loan Modification Scam, Housing Crisis, Business News

Lee Castillo, 34, is an IT systems engineer with zero experience in the mortgage industry. But when he found out that his friend had been scammed by...

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One Homeowner's 'Kafka-esque' Struggle To Prevent Foreclosure

nytimes.com | JOE NOCERA | Posted 05.25.2011

Read More: Bank of America, Fannie Mae, Foreclosure Mill, Foreclosure, Mortgage Modification Program, Foreclosure Crisis, Loan Modification, Foreclosure Fraud, Business News

Instead, her servicer, Bank of America, foreclosed on the property in late August and handed it off to Fannie Mae, which owned the mortgage. Ms. Rober...

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Mortgage Madness: Meetup To Discuss Loan Modification In Chicago

Posted 05.25.2011

Read More: Loan Mods, Loan Modifications, Loan Modification, Huffingtonpost Meetup, Mortgage Madness, Meetup, Loan Modification Meetup, Chicago News

Are you having trouble with your mortgage or bank loans? Are you flummoxed by a byzantine process, or frustrated by a lack of modification options? Yo...

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HuffPost Readers: Meetup In NYC To Discuss Mortgage Woes

Posted 05.25.2011

Read More: Loan Mods, Loan Modifications, Loan Modification, Huffingtonpost Meetup, Loan Modification Meetup, Meetup, Mortgage Madness, New York News

Are you having trouble with your mortgage or bank loans? Are you flummoxed by a byzantine process, or frustrated by a lack of modification options? Yo...

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Mortgage Madness: Meetup To Discuss Loan Modification In Denver

Posted 05.25.2011

Read More: Loan Mods, Loan Modifications, Loan Modification, Huffingtonpost Meetup, Loan Modification Meetup, Meetup, Mortgage Madness, Denver News

Are you having trouble with your mortgage or bank loans? Are you flummoxed by a byzantine process, or frustrated by a lack of modification options? Yo...

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Faced With Scrutiny, Banks Slowing Foreclosures

nytimes.com | David Streitfeld | Posted 05.25.2011

Read More: Foreclosures Banks, Hamp, Foreclosure Crisis, Loan Modification, Massachusetts Foreclosure Ruling, Phoenix, Big Banks, Federal Foreclosure Investigations, Business News

PHOENIX -- An array of federal and state investigations into the way banks foreclose on delinquent homeowners has contributed to a sharp slowdown in f...

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Homeowner Beats Bank Of America In Small Claims Court

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Mortgages, Loan Modifications, Loan Modification, Small-Claims-Suit, Home Affordable Modification Program, Hamp, Bank of America, Small Claims Court, Bofa, Underwater Mortgages, Business News

A California homeowner sued Bank of America in small claims court and won $7,595 from the bank after it burned him on a mortgage modification. "It wa...

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How to Get Rid of a Second Mortgage Without a Loan Modification

Richard Gaudreau | Posted 05.25.2011

Read More: Loan Mod, Foreclosure, Second Mortgage, Loan Modification, Bank Foreclosures, Banks Foreclosure, Bankruptcy, Chapter 13, Business News

For those facing the loss of their home and wondering whether a Chapter 13 bankruptcy may help get rid of a second mortgage, the following information may be helpful.

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More Homeowners Fall Out Of Obama's Foreclosure-Relief Program

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Foreclosures, Treasury Department, Hamp, Foreclosure Crisis, Loan Modification, Mortgage Modification, Home Affordable Modification Program, Obama Administration, Foreclosure Prevention, Business News

WASHINGTON — More troubled homeowners are dropping out of the Obama administration's main foreclosure-relief program, which has been widely crit...

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Arizona Sues Bank Of America, Alleges Loan Modification Fraud

AP | BOB CHRISTIE | Posted 05.25.2011

Read More: Consumer Fraud, Arizona Sues Bank of America, Loan Modification, Countrywide Lawsuits, Mortgage Modification, Terry Goddard, Bofa, BofA Loan Modification, Bank of America Mortgages, Business News

PHOENIX — Attorneys general in Arizona and Nevada filed civil lawsuits Friday against Bank of America Corp., alleging that the lender is mislead...

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Treasury's Incredible Shrinking Mortgage Mod Program

ProPublica | Posted 05.25.2011

Read More: Bank of America, Treasury Department, Homeowners, Loan Modification, Mortgage Modification, Hamp, Politics News

The number of homeowners in ongoing mortgage modifications could start shrinking in several months if current trends continue, according to a ProPublica analysis of Treasury Department data.

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Mortgage Failure: Who Should REALLY Pay?

nytimes.com | FLOYD NORRIS | Posted 05.25.2011

If nobody does their job right, and disaster ensues, who should pay for the sins of all? That is the predicament now confronting the mortgage industr...

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Are Loan Modifications Causing Foreclosures?

Richard Gaudreau | Posted 05.25.2011

Read More: Mortgage Crisis, Hamp, Loan Mods, Foreclosure, Loan Modification, Loan Modifications, Home-Loan-Mods, Business News

Not only is HAMP helping far fewer homeowners than promised, there's evidence that HAMP may be leaving more homeowners worse off than if they never had entered the "loan mod" program in the first place.

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Bank of America Now Supports Cramdown, Giving Judges Authority To Modify Home Mortgages (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosure Crisis, The Financial Fix, Loan Modification, Mortgage Modification, Barney Frank, Bank of America, Mortgage Crisis, Homeowners, Cramdown, Financial Crisis, Judicial Modification, Brad Miller, House Financial Services Committee, Business News

Updated at 7:10 p.m. with new information. Bank of America, the nation's largest lender and its biggest bank by assets, now supports changing the la...

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Mortgage Modification Program: 12 Million Households 'At-Risk'

Reuters | Rolfe Winkler | Posted 05.25.2011

Read More: Mortgage, Loan Modification, Mortgage Modification, Foreclosure, Mortgage Crisis, Housing Crisis, Morgage Default, Business News

Friday's announcement that the administration is overhauling its mortgage modification program to encourage principal forgiveness shows they understan...

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Obama's New Mortgage Modification Plan: What You Need To Know

AP | By ALAN ZIBEL | Posted 05.25.2011

Read More: Foreclosures, Loan Modification Unemployed, Obama's Motgage Modification Plan, Hamp, Loan Modification, Mortgage Modification, Home Affordable Modification Program, Delinquent Mortgages, Business News

WASHINGTON -- The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped pr...

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Watchdog: Obama Foreclosure Program Is Likely To Be A Failure

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Loan Modification, Mortgage Modifications, Making Home Affordable, Mortgage Walk Away, Mha, Neil Barofsky, Obama Administration, Inspector General, Hamp, Foreclosure Crisis, Home Affordable Modification Program, Financial Crisis, Strategic Defaults, Sigtarp, Ig, Video, Business News

The Obama administration's signature foreclosure-prevention program is likely to be a failure and has not done enough to help struggling homeowners wh...

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New Data Shows Loan Mod Logjam Continues

ProPublica | Posted 05.25.2011

Read More: Mortgages, Treasury Department, Homeowners, Loan Modification, Mortgage Servicers, Business News

By Paul Kiel, ProPublica. New data released Friday shows that the story for the government’s foreclosure prevention program remains the same: M...

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Obama Foreclosure-Prevention Plan Lagging, New Data Shows (EXCLUSIVE)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosures, Treasury Department, Elizabeth Warren, Jim Jordan, Wall Street Bailout, Loan Modification, Obama Administration, Exclusive, Hamp, Bailout, Principal-Writedowns, Home Affordable Modification Program, Dennis Kucinich, Homeownership, Underwater, Financial Crisis, Timothy Geithner, Herbert Allison, Cop, Congressional Oversight Panel, Realtytrac, Negative Equity, Foreclosure Crisis, Making Home Affordable, Mortgage Modification, Hma, Homeowners, FDIC Chairman Sheila Bair, Richard Neiman, Sheila Bair, Video, Business News

Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have...

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Hard Times Update: Readers Share Tales of Foreclosure Schemes, Mortgage Misfortune

Amanda Zamora | Posted 05.25.2011

Read More: Foreclosures, Loan Modification, Mortgage Lending, Housing Crisis, Real Estate Schemes, Real Estate, Recession, Huffington Post Investigative Fund, Video, Business News

Send Us Your Tips and 'Bandit Sign' PhotosLast month, we put out a call for stories and photos to help document the effect that "Hard Times ...

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Fighting Foreclosure: Wells Fargo, You Never Knew What Hit You

Wajahat Ali | Posted 05.25.2011

Read More: Wells Fargo Bank, Hamp, Loan Modification, Loan Modifications, Obama Foreclosure, Wells Fargo, Subprime Mortgage Crisis, Obama Hamp, Mortgage Crisis, Business News

I was the guy who was going to save these people from being evicted from their own home? Who was I kidding?

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