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Hamp

How Mortgage Servicing Has Come to Resemble Professional Wrestling (But Not As Much Fun)

Joel Sucher | Posted 04.14.2013 | Business
Joel Sucher

As a long-time fan of professional wrestling I've come to see how much of mortgage servicing resembles what goes on in the ring. Like wrestling the servicing business is full of "works," "gimmicks," "heels and baby faces," so let me explain.

'The Sucker Class': People Government Bailouts Screwed Over

The Huffington Post | Harry Bradford | Posted 01.10.2013 | Business

Finally, we have a term for all of those people who've gotten screwed over by the bailouts: "The sucker class." The stated intention of the post-fi...

Ben Hallman

The 1 Thing Obama Must Fix To Secure His Economic Legacy

HuffingtonPost.com | Ben Hallman | Posted 11.09.2012 | Business

President Barack Obama secured reelection while managing to talk around one area of economic policy in which experts frequently charge him with failur...

Zach Carter

Wall Street Analyst: Obama Will Fire DeMarco In December

HuffingtonPost.com | Zach Carter | Posted 11.02.2012 | Politics

Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...

Arthur Delaney

Obama Foreclosure Prevention Program 'Cheated Borrowers,' Former Bank Regulator Says

HuffingtonPost.com | Arthur Delaney | Posted 09.25.2012 | Politics

WASHINGTON -- Former bank regulator Sheila Bair cringed when President Barack Obama promised at an Arizona high school gymnasium in 2009 that his admi...

Peter S. Goodman

Too Underwater To Vote

HuffingtonPost.com | Peter S. Goodman | Posted 09.25.2012 | Business

DENVER -- The house across the street was the first on her block to go dark. The woman who had lived there for years -- a registered nurse with a soli...

Arthur Delaney

Sad Milestone For Obama's Foreclosure Prevention Plan

HuffingtonPost.com | Arthur Delaney | Posted 09.13.2012 | Politics

WASHINGTON -- President Barack Obama said in 2009 that a new program to fight foreclosures would help as many as 4 million struggling homeowners obtai...

Ben Hallman

DeMarco's Newest War

HuffingtonPost.com | Ben Hallman | Posted 08.09.2012 | Business

Edward DeMarco has opened up a new front on his war against principal reduction. On Thursday, the Federal Housing Finance Agency, which DeMarco ov...

Peter S. Goodman

Homeowner Hell Continues: Mortgage Companies Fail To Abide Foreclosure Settlement

HuffingtonPost.com | Peter S. Goodman | Posted 10.25.2012 | Business

NEW YORK -- Katie Diaz arrives at the Bronx County Courthouse hoping for clarity, if not a reprieve from the foreclosure case threatening her home. Fi...

Underwater Homeowners Still Drowning as FHFA Again Says No to Principal Reductions

Anna Cuevas | Posted 10.03.2012 | Home
Anna Cuevas

Edward J. DeMarco, the head of the Federal Housing Finance Agency (FHFA), has announced that Fannie Mae and Freddie Mac will not offer principal reductions as an option to prevent foreclosures on the loans they guarantee.

Ben Hallman

DeMarco Takes Moral Stand Against Mortgage Debt Relief

HuffingtonPost.com | Ben Hallman | Posted 08.07.2012 | Business

Five years into a housing crisis that never seems to end, a dispute over offering homeowners assistance has come down to morality. Edward DeMarco, ...

Arthur Delaney

New Book By Former Treasury Watchdog Thrills Republicans

HuffingtonPost.com | Arthur Delaney | Posted 07.25.2012 | Politics

WASHINGTON -- Republicans are thrilled with a new tell-all book by former U.S. Treasury Department watchdog Neil Barofsky, who is heavily critical of ...

Ben Hallman

In Sea Of Disappointing Housing Programs, Hardest Hit Fund Least Effective: New Report

HuffingtonPost.com | Ben Hallman | Posted 07.25.2012 | Business

Most of the federal bailout money pledged through the Hardest Hit Fund, a program meant to help ailing homeowners in states especially battered by the...

Mark Gongloff

Treasury Ignored Mortgage Fraud Warnings: Book

HuffingtonPost.com | Mark Gongloff | Posted 07.20.2012 | Business

If the Obama administration's mortgage-relief program has been a bit of a flop, it didn't have to be so. In a new book, TARP's former inspector gen...

Foreclosure Related Suicide on the Rise

Anna Cuevas | Posted 09.16.2012 | Home
Anna Cuevas

Recent research concludes that there is a link between foreclosure rates and mental and physical health problems, as well as suicide attempts.

The Unfinished Business of the Obama Administration: The Foreclosure Crisis

David Coates | Posted 09.09.2012 | Politics
David Coates

This Administration's failures -- in domestic policy at least -- are more the product of doing too little too late, than of doing too much too soon. Nowhere is that failure clearer than in the Administration's inept handling of the home foreclosure crisis.

Zach Carter

Obama Foreclosure Program Criticized By Expert Panel

HuffingtonPost.com | Zach Carter | Posted 06.08.2012 | Politics

PROVIDENCE, R.I. -- Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on Amer...

HAMP TIER 2 Mortgage Loan Modifications in a Nutshell

Anna Cuevas | Posted 06.08.2012 | Home
Anna Cuevas

Through recent revisions, the government hopes that its program will provide relief to more homeowners and make a bigger impact on the housing market by enabling more homeowners to prevent foreclosure.

Whistleblower Wins Big Over BofA

Reuters | Posted 07.29.2012 | Business

By Rick Rothacker May 29 (Reuters) - A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accuse...

Crucial Voters Disapprove Of Obama's Handling Of Housing Crisis: Poll

The Huffington Post | Dave Jamieson | Posted 05.16.2012 | Politics

Independent voters in several battleground states are sour on President Barack Obama's handling of the housing crisis, according to polling data relea...

Fannie Mae's Approval of Mortgage Principal Reductions Gets the Silent Treatment

Anna Cuevas | Posted 07.04.2012 | Home
Anna Cuevas

Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.

Mother, Disabled Daughter Forced Out Of Home Even After BofA Modification

Posted 04.13.2012 | Business

A Los Angeles-area woman and her severely disabled daughter were forced to flee their home of 25 years in a matter of minutes, allegedly in large part...

DeMarco Speaks! (With Closed Captioning for the Mortgage-Impaired)

Richard (RJ) Eskow | Posted 06.10.2012 | Politics
Richard (RJ) Eskow

DeMarco's still an unelected ideologue with too much power, and he still needs to go. But yesterday, he finally spoke up. To anyone with the right political or emotional closed-captioning device the message was loud and clear: Don't rush me, Mr. President -- and find yourself another fall guy.

Your Bank Forgave Your Mortgage Debt, but Will the IRS?

Anna Cuevas | Posted 05.19.2012 | Business
Anna Cuevas

Does a homeowner have to pay taxes on mortgage debt that's been forgiven or canceled? Some reduced or canceled debts do have to be treated as income, but not all. It depends on their circumstances and the amount of debt.

Whistleblower: BofA Kept Homeowners Out Of Government Program

Reuters | Posted 05.07.2012 | Business

By Jessica Dye NEW YORK, March 7 (Reuters) - Bank of America NA prevented homeowners from receiving mortgage-loan modifications unde...