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Foreclosure Investigation

Arthur Delaney

Administration Shames Banks For Poor Performance In Anti-Foreclosure Program

HuffingtonPost.com | Arthur Delaney | Posted 12.07.2011 | Politics

The Obama administration chided two of the nation's biggest banks Wednesday for failing to improve their performance in the administration's signature...

Amanda Terkel

Rep. Tammy Baldwin: No Immunity For Banks In Foreclosure Deal

HuffingtonPost.com | Amanda Terkel | Posted 01.03.2012 | Politics

WASHINGTON -- Rep. Tammy Baldwin (D-Wis.) is set to introduce a resolution in Congress this week calling on the Obama administration and state attorne...

William Alden

Florida AG Pressured By Targets Of Investigations To Soften Approach, Critics Say

HuffingtonPost.com | William Alden | Posted 12.12.2011 | Business

FORT LAUDERDALE, Fla. -- Last December, when she was still investigating foreclosure fraud as a top lawyer in the Florida attorney general's office, J...

Shahien Nasiripour

New York Attorney General Kicked Off Government Group Leading Foreclosure Probe

HuffingtonPost.com | Shahien Nasiripour | Posted 10.24.2011 | Business

WASHINGTON -- New York Attorney General Eric Schneiderman on Tuesday was kicked off the committee leading the 50-state task force charged with probing...

Shahien Nasiripour

Delaware Attorney General Beau Biden Moves To Join Bank Of America Mortgage Deal, Signaling Concerns

HuffingtonPost.com | Shahien Nasiripour | Posted 10.05.2011 | Business

WASHINGTON -- Delaware Attorney General Beau Biden signaled his intent Friday to intervene in a proposed $8.5 billion settlement over troubled mortgag...

Shahien Nasiripour

Side Deal With Bank Of America Would Cede Liability In Exchange For Homeowner Relief

HuffingtonPost.com | Shahien Nasiripour | Posted 10.02.2011 | Business

WASHINGTON -- Federal and state prosecutors are in advanced negotiations with Bank of America in pursuit of a settlement that would forgive the bank f...

Shahien Nasiripour

WATCH: Senior Obama Administration Official Says Government Hasn't Sufficiently Probed Foreclosure Abuses

HuffingtonPost.com | Shahien Nasiripour | Posted 09.14.2011 | Business

WASHINGTON -- A top Obama administration official on Thursday questioned the scope of the state and federal investigations into alleged mortgage abuse...

Shahien Nasiripour

JPMorgan Chase Profit Jumps 13 Percent Despite Mortgage Woes

HuffingtonPost.com | Shahien Nasiripour | Posted 09.13.2011 | Business

NEW YORK -- JPMorgan Chase, the second-largest U.S. bank by assets, reported a 13 percent jump in profits, to $5.4 billion, as lending continued to sl...

Shahien Nasiripour

As Government Nears Accord With Banks, Questions Swirl Over Scope Of Investigation

HuffingtonPost.com | Shahien Nasiripour | Posted 09.09.2011 | Business

WASHINGTON -- State and federal prosecutors are pressing to complete a proposed settlement with the nation's five largest home loan companies over all...

Shahien Nasiripour

Regulators Scrutinizing Mortgage Lawsuits Against Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 09.05.2011 | Business

WASHINGTON -- Federal bank regulators are scrutinizing more than 150 home loan-related lawsuits directed at lenders and mortgage companies, a top offi...

Shahien Nasiripour

Official: Bank Of America 'Significantly Hindered' Federal Investigation

HuffingtonPost.com | Shahien Nasiripour | Posted 08.13.2011 | Business

NEW YORK -- Bank of America, the largest U.S. bank by assets, "significantly hindered" a federal investigation into the firm's faulty foreclosure prac...

Shahien Nasiripour

Bank Of America Faces New Probe; New York Attorney General Launches Investigation Into Mortgage Securitization

HuffingtonPost.com | Shahien Nasiripour | Posted 08.12.2011 | Business

New York Attorney General Eric Schneiderman has targeted Bank of America, the biggest U.S. bank by assets, in a new probe that questions the validity ...

Shahien Nasiripour

Foreclosure Fraud Price Tag Four Times Higher Than Banks' Initial Proposal

HuffingtonPost.com | Shahien Nasiripour | Posted 08.06.2011 | Business

WASHINGTON -- The nation's largest mortgage companies are operating on the assumption that they will have to pay as much as $20 billion to resolve cla...

WATCH: Shahien Nasiripour Says, 'The Government's Here To Play Ball'

Huff TV | Posted 07.18.2011 | Business
Huff TV

Shahien Nasiripour, Senior Business Reporter for The Huffington Post, appeared on "Democracy Now!" to discuss his recent report, "Confidential Federal...

Shahien Nasiripour

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

HuffingtonPost.com | Shahien Nasiripour | Posted 07.16.2011 | Business

WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of ...

Shahien Nasiripour

HSBC Continues Freeze On Home Seizures

HuffingtonPost.com | Shahien Nasiripour | Posted 07.11.2011 | Business

HSBC North America Holdings, the ninth-largest U.S. bank by assets, told investors Wednesday that the bank's moratorium on home seizures continues in ...

Shahien Nasiripour

Obama Administration, State Officials Expected To Give Banks New Mortgage Terms

HuffingtonPost.com | Shahien Nasiripour | Posted 07.06.2011 | Business

WASHINGTON -- The Obama administration and state officials are expected to offer the nation's five largest mortgage firms updated terms next week in o...

Shahien Nasiripour

Banks Illegally Foreclosed On Dozens Of Military Borrowers

HuffingtonPost.com | Shahien Nasiripour | Posted 07.05.2011 | Business

WASHINGTON -- Two of the nation's largest mortgage firms illegally foreclosed on the homes of "almost 50" active-duty military service members, accord...

Shahien Nasiripour

Mortgage Debt Relief For Distressed Homeowners Won't Hurt Big Banks, IMF Says

HuffingtonPost.com | Shahien Nasiripour | Posted 06.15.2011 | Business

NEW YORK -- A broad mortgage debt-relief program for distressed homeowners would not significantly impact the nation's four biggest banks, according t...

Shahien Nasiripour

Big Banks Save Billions As Homeowners Suffer, Internal Federal Report Finds

HuffingtonPost.com | Shahien Nasiripour | Posted 05.28.2011 | Business

NEW YORK -- The nation's five largest mortgage firms have saved more than $20 billion since the housing crisis began in 2007 by taking shortcuts in pr...

Shahien Nasiripour

Obama Administration Scales Back Proposed Homeowner Relief Effort Over Alleged Foreclosure Abuses

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration has significantly diminished a proposed homeowner relief program that initially aimed to force the nation's five largest mort...

Shahien Nasiripour

Obama Administration's Plan To Punish Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- The Obama administration is seeking to force the nation's five largest mortgage firms to reduce monthly payments for as many as three mill...

The Continuing Mortgage Mess

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

After the drubbing that the Democrats took last November, you would think that it might occur to the White House that it makes sense to be more clearly aligned with the interests of consumers. But that is still contested terrain.

Zach Carter

Congressional Republicans Set Sights On Homeowners, Elizabeth Warren As Split Emerges with State GOP Leaders

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- As state and federal officials near an agreement with the nation's largest financial firms to settle allegations of abusive foreclosure ...

Shahien Nasiripour

Mortgage Industry Could Face Massive Changes That Protect Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal regulators and the top law enforcement officers in all fifty states are eyeing big changes to the dysfunctional home loan industry. If these o...