iOS app Android app

Mortgage Default

My Ex-Friend Won't Pay Me What They Owe and I Cosigned

Steve Rhode | Posted 11.24.2014 | Money
Steve Rhode

Huffington Post Reader Question A friend asked me to use my house for a line of credit for a rental apartment about 7 years ago. I put in $45,000, he...

Mortgage Delinquencies Plumet and Subprime Borrowers Get Shot

Steve Rhode | Posted 07.07.2014 | Money
Steve Rhode

TransUnion, the credit reporting people, have just released new data that certainly makes it appear the big wave of mortgage defaults and delinquencie...

Report Raises Concerns About Housing Aid Program

Reuters | Posted 09.22.2013 | Business

WASHINGTON, July 24 (Reuters) - Nearly half of the mortgages modified in 2009 under the Obama administration's signature homeowner rescue effort are...

Stories From the Frontline: Don't Drink the Yellow Kool-Aid

D. Sidney Potter | Posted 06.19.2012 | Business
D. Sidney Potter

The banks' almost near-inability to properly staff qualified personnel was a part of the comedy of errors. As an example, some of it was lost in translation -- literally.

Stories From the Frontline: Why Is Mortgage Aid, Hater-Aid?

D. Sidney Potter | Posted 06.16.2012 | Business
D. Sidney Potter

Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?

Stories From the Frontline: Robo Signers vs. The Silent Enemy

D. Sidney Potter | Posted 06.10.2012 | Business
D. Sidney Potter

As a former 1 percent member who got his backside kicked in the real estate "boom and bust" over the last decade, I'm officially a 99 percent member (misery loves company) -- and it's with unique privilege that I can report stories from the frontline.

Fannie, Freddie May Return Bailout Sooner Than Expected

AP | By DEREK KRAVITZ | Posted 12.28.2011 | Business

WASHINGTON -- Government-controlled mortgage giants Fannie Mae and Freddie Mac could start returning money to taxpayers by 2014, according to the late...

Bank Of America Sued Over Countrywide Mortgage Pool

Posted 10.30.2011 | Business

(Jonathan Stempel and Joe Rauch) - Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to...

Spanish Mortgage Defaulters Face Debt Nightmare

AP | DANIEL WOOLLS | Posted 09.09.2011 | Business

ALCALA DE HENARES, Spain -- Inma Rodriguez lost her job, and now that she's defaulted on her mortgage, she's about to lose her home. But the nightmare...

NYT Study: Rich Are Biggest Mortgage Defaulters By Far

New York Times | Posted 05.25.2011 | Business

LOS ALTOS, Calif. -- No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars. The housing bust th...

'Strategic Defaults' Give Homeowners A Way Out, Even If They Can Afford Payments

Los Angeles Times | Alana Semuels | Posted 05.25.2011 | Business

Time was when Americans would do almost anything to hang on to their homes. But that commitment appears to be fraying as more people fall behind on th...

Short-Sale Program: Obama Administration Will Test Program To Let Homeowners Sell For Less Than They Owe | DAVID STREITFELD | Posted 05.25.2011 | Business

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new ...

Roger Lowenstein: The Case For Walking Away From Your Mortgage

New York Times Magazine | Roger Lowenstein | Posted 05.25.2011 | Business

John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal that homeowners who default on their mor...

"Strategic Defaults": Mortgage Holders With High Credit Scores Are Leaving Their Homes | Kenneth R. Harney | Posted 05.25.2011 | Business

Who is more likely to walk away from a house and a mortgage -- a person with super-prime credit scores or someone with lower scores? Research using...