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Mortgage Modification

Some Homeowners May Never Come up from Underwater

Jorge Newbery | Posted 06.18.2016 | Impact
Jorge Newbery

Remember your childhood summers when you held your breath underwater so long that your head felt ready to explode? For millions of homeowners in America today, being underwater too long has a different impact: they implode.

Banks and Punishments

Christopher Brauchli | Posted 05.22.2016 | Politics
Christopher Brauchli

As the U.S. Supreme Court has explained, corporations are persons just like my readers. The only difference between a corporate person and a human person is that when a human person breaks the law, the human person depending on the offense, may go to jail.

New York AG Goes After More Mortgage Relief Firms

Steve Rhode | Posted 10.28.2014 | Money
Steve Rhode

As part of a joint federal-state sweep by the Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states targeting scam operatio...

Ben Hallman

Lawyers Are Now The Driving Force Behind Mortgage Scams | Ben Hallman | Posted 06.13.2014 | Business

From the very first day she was allowed to speak with clients at her new law firm job, Michele Stephens wondered if she was doing something unethical....

Could Your Mortgage Payment Double?

Terry Savage | Posted 08.03.2014 | Money
Terry Savage

It has taken a long time for the last of these chickens (call them turkeys) to come home to roost from the halcyon days of mortgage lending excesses. But they will have a strong impact on the housing market in the next few years, and on the families that will face this hit on their finances.

How Much Mortgage Can You Afford? | Posted 11.30.2013 | HuffPost Home

Remember that there are hundreds of loan programs available in today's lending market, and each has different guidelines. So, don't be discouraged if your dream home seems out of reach.

Shahien Nasiripour

Obama's HAMP Initiative Struggling To Help Homeowners | Shahien Nasiripour | Posted 07.24.2013 | Politics

A government auditor has warned that the U.S. Treasury Department doesn’t understand why distressed homeowners are re-defaulting at an “alarming...

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...

Where Has All The Info Gone, Long Time Passing

Joel Sucher | Posted 07.31.2013 | Business
Joel Sucher

With the termination of the Independent Foreclosure Reviews (IFR) via OCC caveat the question remains: What's going to happen to the so-called "work ...

Man Foreclosed On Despite Paying Early, And In Excess

The Huffington Post | Ryan Grenoble | Posted 06.03.2013 | Business

How does one overpay on their home loan, make payments early, and end up in foreclosure? Etienne Syldor, an Orlando man, would sure like to find ou...

'I Cannot Afford The Inflated Mortgage I've Been Forced Into'

Home Defenders League | Posted 03.12.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

'If I Did That To Anyone Else, I'd Be In Jail'

Home Defenders League | Posted 02.22.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

The Disturbing Inaction of Congress on the Mortgage Cliff

Adam Levin | Posted 02.05.2013 | Money
Adam Levin

While the fiscal cliff gets all the attention, the mortgage cliff is just as steep, and just as perilous. If American consumers take another big fall, our leaders are almost certainly not far behind.

Hear No Hardship

Lita Smith-Mines | Posted 02.02.2013 | New York
Lita Smith-Mines

I'm not a member of a book club, so I don't know if it's de rigueur for literary associations to throw back a few cocktails and to unsheath verbal knives at holiday get-togethers. If it is, then I was in the presence of a masterful group of readers.

Sarah Bufkin

Underwater Homeowners Face Double Whammy In New Year | Sarah Bufkin | Posted 11.24.2012 | Politics

WASHINGTON -- Beginning on Jan. 1, people who lose their home to foreclosure will be required to pay federal taxes on any unpaid mortgage the bank can...

What Obama's Re-Election Means for Housing

Jed Kolko | Posted 01.14.2013 | Business
Jed Kolko

Throughout the campaign, both candidates were short on specifics about their housing policy, to put it very kindly. But what the candidates didn't do or say helps draw out the differences between what housing policy will look like during Obama's second term.

Ben Hallman

Romney's Housing Plan Long On Gripes, Short On Details | Ben Hallman | Posted 10.25.2012 | Business

NEW YORK -- If elected president, Mitt Romney would reform Fannie Mae and Freddie Mac, sell 200,000 vacant foreclosed homes owned by the government an...

Demote, Defang DeMarco

Leo W. Gerard | Posted 10.13.2012 | Business
Leo W. Gerard

This guy, Edward DeMarco, the acting head of the Federal Housing Finance Agency, is deliberately damaging America -- promoting foreclosures, high unemployment and excessive taxes. He has got to go.

BofA Tried To Screw Over Homeowner, Is Terrible, Says NJ Court

The Huffington Post | Alexander Eichler | Posted 06.25.2012 | Business

In 2009, Bank of America threw a lifeline to Sylvia Ficco, a struggling New Jersey homeowner who'd recently defaulted on a $591,000 home loan. Come jo...

Loan Mods Aren't A Cure-All For Delinquent Homeowners

The Huffington Post | Bonnie Kavoussi | Posted 06.22.2012 | Money

For many homeowners that have fallen behind on their mortgages, a loan modification doesn't prove to be a cure-all. Six in 10 delinquent homeowner...

Matt Sledge

Occupy Activist Son Helps Save Family Home From Foreclosure | Matt Sledge | Posted 06.13.2012 | Business

A homeowner in Minneapolis who teamed up with her Occupy Our Homes activist son has succeeded in winning a loan modification from CitiMortgage. Col...

Ben Hallman

Top Housing Regulator Not Ready To Back Off Unpopular Stance | Ben Hallman | Posted 04.10.2012 | Business

Edward DeMarco isn't ready to blink yet on principal reductions, even though doing so could save Fannie Mae and Freddie Mac $1.7 billion. On Tuesd...

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

The Huffington Post | Alexander Eichler | Posted 04.10.2012 | Business

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...

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

Jed Kolko | Posted 04.11.2012 | Business
Jed Kolko

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.

Ben Hallman

Mortgage Settlement Makes Fresh Promise To Curb Bank Bad Behavior | Ben Hallman | Posted 02.09.2012 | Business

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...