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Loan Modifications

Ex-Countrywide Execs' Firm Making Millions Modifying Bad Loans

ProPublica | Alexandra Andrews | Posted 05.25.2011 | Business

Among the servicers participating in the government's mortgage modification program is a new recruit that's not like the others. PennyMac, a firm foun...

Bankruptcy Judges & DOJ Rip Mortgage Companies

ProPublica | Posted 05.25.2011 | Business
ProPublica

Judges have found that major mortgages servicers regularly mess up basic accounting, improperly credit payments and charge unwarranted fees.

Debtor's Revolt?

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

Once all the TARPs are tidied up and the quarterly profits no longer a revelation, American consumers will still be swaddled in debt. What's to stop them from just walking away from it?

Making Home Affordable: The Waiting Game

HuffPost's Eyes & Ears | Margo Irvin | Posted 05.25.2011 | Business

Last week, the US Treasury reported that only 9% of eligible homeowners had been helped by the Obama Administration's Making Home Affordable program. ...

Banks Still Cheating People Out of Their Homes

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

We can't allow Wall Street to go on cheating people out of the most important possession of their lives -- their home.

Foreclosures Bring Big Fees For Mortgage Servicers

nytimes.com | PETER S. GOODMAN | Posted 05.25.2011 | Business

This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sli...

Home Is Where The Heartache Is

Lita Smith-Mines | Posted 11.17.2011 | Healthy Living
Lita Smith-Mines

But when your mortgage is past due, home is no safe haven; if real estate taxes are in arrears, your abode provides no asylum.

Homeowners Seeking "Making Home Affordable" Loan Modifications Frustrated By Inefficiency

Huffington Post | Margo Irvin | Posted 05.25.2011 | Home

Lost paperwork, miscommunications and delays are some of the difficulties homeowners face in the loan modification process.

Dispatches From The Displaced

Huffington Post | Posted 05.25.2011 | Home

Dispatches from the Displaced is a HuffPost Eyes&Ears series on the real-life effects of the housing crisis. We're collecting stories from HuffPost re...

Freddie Mac Hires Ocwen in Spite of Past Problems

ProPublica | Posted 05.25.2011 | Business
ProPublica

Freddie Mac introduced a loan modification pilot program, but it outsourced the job to a subprime loan servicer with a history of customer dissatisfaction and run-ins with the federal government.

Obama's Plan Offers No Relief For Some Troubled Homeowners

New York Times | JOHN LELAND | Posted 05.25.2011 | Business

Chadi Moussa lives in a house valued at more than $1 million in Dublin, Calif., in the desirable East Bay area. Unfortunately, he owes nearly twice th...

Mortgage Brokers May Benefit From Obama's Loan Modifications

Salon News | Posted 05.25.2011 | Business

Mortgage brokers could end up being the beneficiaries of Obama's loan modification program for struggling homeowners. As Salon reports: By the Obama...