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.
President Barack Obama secured reelection while managing to talk around one area of economic policy in which experts frequently charge him with failur...
Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...
WASHINGTON -- Former bank regulator Sheila Bair cringed when President Barack Obama promised at an Arizona high school gymnasium in 2009 that his admi...
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...
WASHINGTON -- President Barack Obama said in 2009 that a new program to fight foreclosures would help as many as 4 million struggling homeowners obtai...
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...
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.
WASHINGTON -- Republicans are thrilled with a new tell-all book by former U.S. Treasury Department watchdog Neil Barofsky, who is heavily critical of ...
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...
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.
PROVIDENCE, R.I. -- Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on Amer...
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.
Independent voters in several battleground states are sour on President Barack Obama's handling of the housing crisis, according to polling data relea...
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.
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'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.
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.