Homeowners

Treasury's Quiet Directive to Mortgage Servicers to Keep People in Their Homes Must Go Further

Richard H. Neiman | Posted 12.24.2009 | Politics


Richard H. Neiman

The Department of Treasury yesterday took a critical step that many of us have been calling for. But just as critical are the steps that Treasury did not take.

Shahien Nasiripour

Securitization Is Back! Investor-Owned Mortgages Have High Re-Default Rates, Says Report

HuffingtonPost.com | Shahien Nasiripour | Posted 12.21.2009 | Business


The securitization of mortgage loans has been blamed for helping cause the financial crisis -- and now it seems to be complicating recovery efforts. ...

Shahien Nasiripour

Report: Housing Prices Could Tumble Again If More Foreclosures Aren't Prevented

HuffingtonPost.com | Shahien Nasiripour | Posted 12.18.2009 | Business


Foreclosure prevention efforts need to become vastly more effective or housing prices will resume their tumble, according to a new report by Credit Su...

Shahien Nasiripour

If Morgan Stanley Walks Away, Why Shouldn't You? Firm Walks Away From 5 Properties

HuffingtonPost.com | Shahien Nasiripour | Posted 12.17.2009 | Business


To the extent that Morgan Stanley is leading by example, the securities colossus is sending an unlikely message to underwater homeowners: Walk away. ...

Should We All Stop Paying Our Mortgages?

Rohit Chopra | Posted 12.16.2009 | Business


Rohit Chopra

Tens of thousands of American families may remember Christmas of 2009 as the last time they'll spend a holiday in a home they own. Yet 2010 might not look much prettier.

NYT Norris: "Banks Losing Paperwork? What Am I Missing?"

Richard Zombeck | Posted 12.14.2009 | Business


Richard Zombeck

Reporters, journalists, and correspondents ideally report all sides of a story...When a reporter panders to the industry they are covering they do a disservice to the public that turns to them for the truth.

Shahien Nasiripour

Bailout Watchdog: Obama Foreclosure Plan Inadequate, New Direction Needed

HuffingtonPost.com | Shahien Nasiripour | Posted 12.09.2009 | Business


This story has been updated Add Elizabeth Warren, the Harvard Law professor-turned-crusader for Main Street and the middle class, to the growing list...

Shahien Nasiripour

Barney Frank Calls For $4 Billion In TARP Funds To Help Unemployed Homeowners, Fight Urban Blight

HuffingtonPost.com | Shahien Nasiripour | Posted 12.17.2009 | Business


A revision to the House financial reform bill adds $3 billion in federal aid to help unemployed people facing foreclosure and $1 billion to fight urba...

Shahien Nasiripour

Anatomy Of A Failed Foreclosure Program

HuffingtonPost.com | Shahien Nasiripour | Posted 12.07.2009 | Business


Just how badly is President Obama's $75 billion foreclosure program working out? Consider these newly-released numbers: Out of every 100 homeowners wh...

Shahien Nasiripour

At Last, One Government Agency Considers Cutting Mortgage Principal For Distressed Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 12.04.2009 | Business


FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agenc...

Shahien Nasiripour

Obama Administration To Shame Lenders That Don't Offer To Modify Mortgages

HuffingtonPost.com | Shahien Nasiripour | Posted 11.30.2009 | Business


Its signature foreclosure-prevention plan having definitively failed to actually help very many homeowners, the Obama administration today announced ...

Dems Want Unspent TARP Funds For Main Street Bailout

Posted 11.18.2009 | Politics


Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...

Goldman Sachs Seizing Homes Subprime Mortgages Bought

McClatchy | Greg Gordon | Posted 11.02.2009 | Business


Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packa...

Shahien Nasiripour

For The "Lucky Few" Who Renegotiate Their Mortgages, Towering Debt Remains

HuffingtonPost.com | Shahien Nasiripour | Posted 10.22.2009 | Business


A Huffington Post analysis of recent mortgage-modification data shows that even those relatively few homeowners fortunate enough to renegotiate their ...

Chinese Drywall: Insurers Dropping Coverage For Thousands Of Homeowners

Wall Street Journal | M.P. McQueen | Posted 10.14.2009 | Business


At least two home insurers in Florida have begun dropping policyholders who filed claims for property damage linked to drywall imported from China. D...

Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 10.12.2009 | Business


Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center...

Shahien Nasiripour

Mortgage Loan Modification: More Offers Extended, Fewer Homeowners Accepting -- Are Homeowners Losing Hope?

HuffingtonPost.com | Shahien Nasiripour | Posted 10.09.2009 | Business


While the Obama administration and reporters trumpet the fact that the administration is about a month early in reaching its stated goal of modifying ...

Targeting the Scattershot Home Buying Tax Credit

David M. Abromowitz | Posted 10.06.2009 | Business


David M. Abromowitz

Four out of five buyers were handed $8,000 by other taxpayers for a purchase they would have made anyway. The Obama administration could do better by targeting the credit to people who need it.

Government Pays Mortgage Servicers Billions, While Homeowners Suffer

McClatchy Newspapers | Chris Adams | Posted 10.04.2009 | Business


WASHINGTON -- The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of ...

Rubble, Rubble

Lita Smith-Mines | Posted 12.01.2009 | Living


Lita Smith-Mines

My trash themed take-away at the end of my car trip? Not all that litters is old, nor is all garbage created equal.

Shahien Nasiripour

Minorities More Likely To Be Denied Refinancing

HuffingtonPost.com | Shahien Nasiripour | Posted 12.01.2009 | Business


First, minorities were disproportionately steered by lenders into subprime loans. Now there's news that they're disproportionately being denied when t...

Nightmare On Elm and Maple Streets

Lita Smith-Mines | Posted 11.23.2009 | Business


Lita Smith-Mines

Since Labor Day passed, I have felt less like a real estate lawyer and more like a character actor in an awful horror movie.

Shahien Nasiripour and Ryan Grim

Who Owns Your Mortgage? "Produce The Note" Movement Helps Stall Foreclosures

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.22.2009 | Business


Modern-day home mortgages have been so sliced and diced by rapacious financiers that some homeowners are successfully delaying -- or even blocking -- ...

What Do You Know? It's National Singles Week

Bella DePaulo | Posted 11.20.2009 | Living


Bella DePaulo

Our perceptions of single people and their place in society have not caught up with the realities. How well do you know your single people? Take this quiz.

Even the Losers Get Lucky Sometimes

Lita Smith-Mines | Posted 11.16.2009 | Living


Lita Smith-Mines

A former client sadly related that her home is "worth less than $600,000 and we owe close to $800,000. I can't sleep. I can't eat. I can't believe what I've lost."