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Want an FHA Loan? Resolve Bad Debts First | Posted 06.18.2012 | Money

The Federal Housing Administration (FHA) recently announced a policy change in how they will treat mortgage loan applications for those whose credit histories contain unpaid collection accounts.

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.

Why 'For Sale By Owners' Miss 'The Right Buyer'

Trisha Ocona Francis | Posted 06.10.2012 | Business
Trisha Ocona Francis

In this tough economic market everyone wants to save money, especially home sellers. A home seller may want to consider or even actually venture into ...

Homeowners Stuck With High Rates Even After Refinancing Program

Posted 04.06.2012 | Business

By Cora Currier ProPublica Some homeowners are getting stuck with relatively high interest rates even after they participate in the government's p...

Big Bank To Pay Back Victims Of Improper Foreclosure

AP | DEREK KRAVITZ | Posted 04.03.2012 | Business

WASHINGTON -- The Federal Reserve says Morgan Stanley will review foreclosures carried out by its old mortgage subsidiary and reimburse any homeowners...

Mortgage Giants Accused Of Spending 'Questionable' Amount On Conference

Reuters | Posted 05.21.2012 | Business

WASHINGTON, March 22 (Reuters) - A federal watchdog faulted Fannie Mae and Freddie Mac, the mortgage finance companies propped up with taxpayer fund...

Zach Carter

Foreclosure Activist Says $18 Million Doesn't Make Up For Homeowners' Harms | Zach Carter | Posted 03.20.2012 | Business

The last four years have not been easy for Lynn Szymoniak. Since early 2008, she has waged a seemingly endless series of legal battles against some of...

Ben Hallman

Housing Secretary To Underwater Americans: There's Help For You | Ben Hallman | Posted 03.06.2012 | Business

For every borrower in immediate danger of losing a home to foreclosure, there are at least two more like Renita "Kay" Butler, who is current on her lo...

Six Signs You May Have Too Much Debt

Jennifer Streaks | Posted 05.05.2012 | Money
Jennifer Streaks

We all carry some form of debt. Whether it be a mortgage, car note or student loans. Where you may run into trouble is when your debt starts to overwhelm and this can happen long before the bill collectors start calling.

Arthur Delaney

Obama Administration Lets Banks Out Of Doghouse For Bad Mortgage Servicing | Arthur Delaney | Posted 03.02.2012 | Politics

WASHINGTON -- The Obama administration announced Friday that as part of a recent $25 billion settlement with big banks, the government will release mo...

California AG: Let's Make Sure Lending Abuse 'Will Never Happen Again'

Reuters | Posted 04.30.2012 | Business

* Kamala Harris continues fight against lenders * Six bills to protect borrowers from mortgage fraud * Follows settlemen...

Housekeeper Builds Garage-Sized Home on a Tiny Salary With No Mortgage (VIDEO)

Kirsten Dirksen | Posted 04.28.2012 | Green
Kirsten Dirksen

Johnny Sanphillippo has never made more than $20,000 per year (working mostly as a housekeeper), but he knew like "any other American" that he wanted to own his own home.

Mark Gongloff

Who's Really Paying The Tab For The Mortgage Settlement? | Mark Gongloff | Posted 02.18.2012 | Business

Just who is paying for the big mortgage settlement, anyway? The Obama administration says it's the banks. Mortgage investors worry it will be them....

Catherine New

Who Does And Does Not Qualify For A Piece Of The $25 Billion Mortgage Settlement | Catherine New | Posted 02.09.2012 | Business

The government's $25 billion settlement with five of the nation's largest banks could help up to one million homeowners. About $21.5 billion is earmar...

John Rudolf

Disgraced Mortgage Broker Pleads Guilty in Murder-For-Hire Plot | John Rudolf | Posted 01.23.2012 | Crime

NEW YORK -- A disgraced broker already in prison for engineering a $100 million mortgage fraud pleaded guilty Monday to orchestrating a murder-for-hir...

Protests Intensify To Oppose Potential Federal Mortgage Settlement

Reuters | Posted 03.24.2012 | Business

* Left-leaning groups protest foreclosure deal with top banks * Targeted Obama re-election headquarters in Chicago * Ne...

Hells Angels Ex-President Sentenced Over Mortgage Fraud

The Huffington Post | Harry Bradford | Posted 01.20.2012 | Business

It's not just banks and lenders that can be accused of mortgage fraud. The former president of the Hells Angels Sonoma Chapter, Raymond "Ray Ray" ...

Rick Santorum's Questionable Financing

McLean Patch | Bobbi Bowman and Zandy Dudiak | Posted 03.19.2012 | Politics

A search of land records for the $2 million Great Falls home of Republican presidential candidate and former Pennsylvania Senator Richard Santorum tur...

Katy Perry Downloads And Stolen Cars: Putting The Foreclosure Mess In Perspective

The Huffington Post | Harry Bradford | Posted 01.18.2012 | Business

How rotten is the state of the U.S. housing market? A foreclosed home for every single person currently living in Denmark still wouldn't exceed the nu...

Mortgage Delinquency Rates Expected To Plunge Next Year

AP | EILEEN AJ CONNELLY | Posted 02.06.2012 | Business

NEW YORK — If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly...

Michigan High Court Says Yes To Foreclosures

The Huffington Post | David Sands | Posted 11.17.2011 | Detroit

A ruling by the Michigan Supreme Court Wednesday overturned an lower court's decision that suspended thousands of foreclosures in the state. The new d...

California Deserves a Better Deal

Rep. Maxine Waters | Posted 01.17.2012 | Politics
Rep. Maxine Waters

The banks hope that we'll see all the zeros and think that they've actually given us something. But California Attorney General Kamala Harris is not buying it. Instead of pressuring Harris to go with the flow, the rest of the attorneys general should follow her lead.

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

The Huffington Post | Luke Johnson | Posted 12.19.2011 | Politics

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

Is Wall Street the Enemy of the People?

Monika Mitchell | Posted 12.17.2011 | Business
Monika Mitchell

There is something new going on in this millennium, something really exciting. A shift in the way we think from an exclusive sense of "what's in it for me?" to an inclusive sense of "what kind of world are we co-creating?"