Mortgage Modification

Bank Of America Tells Woman To Miss Mortgage Payments, Then Forecloses On Her House

The Huffington Post | Alexander Eichler | Posted 04.10.2012

Read More: Foreclosure Crisis, Mortgage Modification, Missed Mortgage Payment, Bank of America, Mortgage Crisis, Atlanta, Homeowners, Bofa, Occupy Atlanta, Occupy Movement, Pamela Flores, Mortgage Payments, Mortgages, Video, Loan Modifications, Occupy Wall Street, Foreclosure, Slidepollajax, Business News

Here's how Pamela Flores tells it: A couple years ago, she found that she couldn't keep making mortgage payments on her Atlanta house. She says she...

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The Robo-Signing Settlement: Breaking the Usual Rules of Housing Policy

Jed Kolko | Posted 04.11.2012

Read More: Robo-Signing, Foreclosure Help, Bank Regulation, Foreclosure Crisis, Mortgage Modification, Mortgage Settlement, Obama, National Mortgage Settlement, Housing Crisis, Hamp, Loan Modifications, Business News

The robo-signing settlement is the latest -- and potentially the largest -- piece in the U.S. housing policy puzzle. Even though it's partly punishment for banks' wrongdoing, it is also another answer by the government to the question of how it can help the housing market.

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Mortgage Settlement Makes Fresh Promise To Curb Bank Bad Behavior

HuffingtonPost.com | Ben Hallman | Posted 02.09.2012

Read More: Bank Regulation, Hamp, Foreclosure Crisis, Mortgage Settlement, Loan Modifications, Mortgage Modification, Robo-Signing, Obama, National Mortgage Settlement, Foreclosure Help, Housing Crisis, Business News

As part of the $25 billion mortgage fraud settlement announced Thursday, five of the biggest U.S. banks promised to end practices that have led to bot...

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Ex-Fannie Mae Employee: Executives 'Philosophically Opposed' To Loan Forgiveness

HuffingtonPost.com | Bonnie Kavoussi | Posted 02.09.2012

Read More: Elijah Cummings, Principal Reduction, Congress, John Tierney, Housing Market, Mortgage Modification, Housing, Mortgage Crisis, Federal Housing Finance Agency, Fannie Mae, Principal Writedowns, Housing Crisis, Underwater Mortgages, Video, Freddie Mac, House Oversight Committee, Underwater Homeowners, Principal Reductions, Business News

Fannie Mae executives are refusing to forgive part of homeowners' mortgage debt because they are "philosophically opposed" to the idea, according to a...

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Attorneys General: It's Time to Close the Deal

Janis Bowdler | Posted 04.03.2012

Read More: Foreclosure Crisis, Freddie Mac, Mortgage Modification, Eric Schneiderman, Robo-Signing, President Barack Obama, Countrywide Financial, Fannie Mae, Principal Writedowns, Housing Crisis, Latino Voices News

It is time to deliver the first installment of relief for homeowners that have not a moment to lose.

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BofA Allegedly Modified Home Loans To Keep Complainers Quiet

The Huffington Post | Alexander Eichler | Posted 03.27.2012

Read More: Loan Modifications, Mortgage Modification, Countrywide Financial, Bank of America, Mortgage Crisis, Overdraft Fees, Bank of America Countrywide, Bofa, Mortgage-Backed Securities, Arizona, Housing and Urban Development, Video, Business News

In an attempt to clean up its battered image, Bank of America allegedly provided mortgage assistance to customers willing to drop complaints about the...

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HAMP's Second Lien Modification Saves Fewer Than 50% of Second Mortgages

Anna Cuevas | Posted 03.19.2012

Read More: Save Your Home, JPMorgan Chase, Hamp, Loan Modifications, Mortgage Modification, Wells Fargo, Anna Cuevas, Ally Financial, Mortgage Crisis, Bank of America, Second Lien Mortgages, Second Mortgages, Citigroup, Business News

Through the 2MP initiative, services of second mortgages have the option to modify the lien or to extinguish it -- which is an admission that the mortgagor is not likely to be repaid for the second mortgage, and they clear their interest in the property by filing a lien waiver.

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Bank Of America Plaza Threatened WIth Foreclosure

The Huffington Post | Harry Bradford | Posted 01.10.2012

Read More: Bentleyforbes, Foreclosure Crisis, Video, Bank of America Plaze, Mortgage Modification, Countrywide Financial, Bank of America, Mortgage Crisis, Hurricane Ike, LNR Partners, Mortgage Payment, Bofa, Investorplace, Business News

In an ironic twist, a building bearing the name of a bank closely associated with the foreclosure crisis may soon be facing foreclosure itself. Ba...

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Mortgage Modification Blunders Bedevil U.S. Housing Recovery

Posted 12.19.2011

Read More: Video, Subprime Loan, Subprime Mortgage Mortification, Mortgage Modification, Adjustable Rate Mortgage, Business News

WASHINGTON (Aruna Viswanatha) - Shirley Burnell, a community activist from Oakland, California, has been trying to get her subprime loan restructu...

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Western Strike: California, Nevada Team Up To Prosecute Mortgage Fraud

HuffingtonPost.com | Loren Berlin | Posted 12.07.2011

Read More: Foreclosure Crisis, California, Mortgage Modification, Bank of America Lawsuit, Countrywide Financial Corp, Robosigning, Bank of America, Nevada, Foreclosure, Foreclosure Fraud, Housing Crisis, Foreclosure Settlement, Business News

California and Nevada's attorneys general announced Tuesday in a press conference that they are teaming up to prosecute mortgage fraud in their respec...

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Three Alleged Mortgage Scammers Arrested In California

The Huffington Post | Alexander Eichler | Posted 12.02.2011

Read More: Treasury Department, Mortgages, Foreclosure Crisis, Video, Mortgage Modification, Consumer Financial Protection Bureau, Mortgage Crisis, Foreclosure, Mortgage Scams, Sigtarp, Stockton, Business News

Just one day after government authorities announced they would be bringing the hammer down on loan-modification scammers, three people have been arres...

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Mortgage Modification Scammers On Notice As Federal Offices Announce Crack Down

The Huffington Post | Alexander Eichler | Posted 12.01.2011

Read More: Tarp, Treasury Department, Mortgage Modifications, Mortgage Modification, Troubled Asset Relief Program, Homeowners, Mortgage Scams, Mortgages, Hamp, Video, Bailout, Consumer Financial Protection Bureau, Cfpb, Scam, Foreclosure, Sigtarp, Business News

With the economy losing momentum and the housing market sagging, there has been no shortage of scammers looking to take advantage of struggling homeow...

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Occupy Wall Street Groups Protest Foreclosure, Try To Halt Evictions

HuffingtonPost.com | Matt Sledge | Posted 11.16.2011

Read More: Occupy Minnesota, Video, Mortgage Modification, Eviction, Occupy Wall Street, Occupy Cleveland, Foreclosure, Occupy Atlanta, Occupy Wall Street Foreclosure, Business News

Monique White of North Minneapolis has been hosting weekend barbecues for friends and family for years. On Sunday, her usual guest list of friends and...

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"Right-to-Rent": A Simple, Sensible Idea That Dysfunctional Washington Is More Than Happy to Let Die

Arianna Huffington | Posted 01.08.2012

Read More: Mortgages, Housing Market, Right to Rent, Mortgage Modification, Economy, Economic Crisis, Mortgage Crisis, Housing Crisis, Underwater Mortgages, Business News

Decisions are being made on a regular basis that are prolonging the economic crisis. And there are plenty of steps we can take that would produce tangible positive results in the lives of millions of people.

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With Latest Plan, Obama Again Tries To Rehabilitate Housing Market [UPDATE]

The Huffington Post | Alexander Eichler | Posted 12.24.2011

Read More: U.S. Economy, Foreclosure Crisis, Housing Prices, Housing Sector, Housing Market, Housing, Mortgage Modification, Housing Industry, Mortgage Crisis, Fannie Mae, Mortgage Refinancing, Mortgages, Freddie Mac, Housing Recovery, Refinancing, Foreclosure, Video, Business News

President Obama and White House officials announced a major change to a national home-refinancing plan Monday, in an effort to stimulate the economy a...

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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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Foreclosure Rescue Scams Proliferate After Recession

HuffingtonPost.com | Janell Ross | Posted 11.26.2011

Read More: Financial Crisis, Video, Foreclosure Rescue, Mortgage Modification, Debt Settlement, Financial Scams, Business News

From the looks of the mortgage relief companies Christopher Mallett has marketed in recent years, offering lower payments and new loan terms to troubl...

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Medication for Middle-Class Mortgage Mania

Adam Levin | Posted 11.02.2011

Read More: Gse Mortgages, Freddie Mac, Subprime Mortgages, Bailout, Mortgage Modification, Home Affordable Modification Program, Subprime Mortgage Crisis, Mortgage Crisis, Harp, Fannie Mae, Real Estate Bubble, Foreclosure, Real Estate, Housing Bubble, Obama, Adam Levine, Columbia Business School, Business News

These are extraordinary times and extraordinary times require public and private sector utilization of extraordinary measures to solve societal issues like the housing crisis. This issue cannot be properly addressed piecemeal.

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A Fair Mortgage Plan Will Turn the Economy Around, Create Millions Of Jobs... And Shrink the Federal Deficit

Richard (RJ) Eskow | Posted 10.31.2011

Read More: Wall Street, Mortgage Modification, Housing Bubble, Underwater Mortgages, New Bottom Line, Politics News

We can demand that the banks do the right thing, or we can continue to abandon the American middle class and let our economy keep flailing and failing.

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Obama Administration Makes Anti-Foreclosure Program More Generous For Jobless

HuffingtonPost.com | Arthur Delaney | Posted 09.06.2011

Read More: Treasury Department, HAMP Modification, Hamp, Mortgage Modifications, Mortgage Modification, Home Affordable Modification Program, Foreclosure, Business News

WASHINGTON -- The Obama administration announced Thursday that its signature anti-foreclosure program and the Federal Housing Administration would be ...

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The Housing Crisis: How to Reach Escape Velocity

Preeti Vissa | Posted 08.29.2011

Read More: Fannie Mae, Jared Bernstein, Foreclosure Crisis, Freddie Mac, Mortgage Modification, Business News

One of the biggest is the investors who actually own the bulk of mortgages. What's missing from that line of thinking is the effect on the overall economy.

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Homeowners Hold Grudges

Lita Smith-Mines | Posted 08.02.2011

Read More: Attorneys, Homeowner Aid, Mortgage Modification, Homeownership, Homeowners, Real Estate, NY Real Estate, Business, Underwater Homeowners, Home Foreclosures, New York News

There's a new grudge war, between homeowners who can afford their mortgages and ones who can't. They express ill feelings towards neighbors, focusing on some break they sense a struggling homeowner is getting.

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Disabled Vets Get Mortgage Relief From Citi

Chris Birk | Posted 07.26.2011

Read More: Citimortgage, Military, US Soldiers, Mortages, Mortgage Modification, Servicemembers Civil Relief Act, Military Families, Business News

Military homeowners have taken a beating the last few months at the hands of some of the country's largest mortgage lenders. They're just now finally...

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WATCH: Councilman Storms Chase Bank

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011

Read More: Foreclosures, JPMorgan Chase, Chase Bank, Loan Modifications, Mortgage Modification, Chase-Foreclosure-Protests, Foreclosure Crisis, Business News

Washington-- Flanked by a crowd of fellow protesters, New York City Councilman Jumaane Williams marched into a Park Avenue Chase bank Wednesday mornin...

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