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Loan Modifications

Homeowners: "Hey Congress, Get Off Your A**"

Richard Zombeck | Posted 11.03.2009 | Business

Read More: Mortgages, John Tierney, Congress, Making Home Affordable, Barney Frank, Martha Coakley, Foreclosure, Loan Modifications, Mortgage, Banks, Business News
Richard Zombeck

Our fearless leaders and elected officials don't really seem to have much to say when it comes to hundreds of foreclosures a week - and that's just in their own districts.

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Daniel Weston, Mary Ann Parmelee: Los Angeles Couple Allegedly Beat, Torture Loan-Modification Agents

Reuters | Steve Gorman | Posted 10.27.2009 | Business

Read More: Financial Crisis, Loan Modifications, Subprime Mortgages, Los Angeles, Housing Crisis, Torture, Business News

As Los Angeles housing advocates launched a campaign warning of mortgage rescue scams, a couple hit by foreclosure are charged with torturing two loan...

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Fighting Loan Modification Scams

Antonio Villaraigosa | Posted 10.26.2009 | Politics

Read More: Loan Modifications, Subprime Mortage Crisis, Antonio Villaraigosa, Los Angeles, Politics News
Antonio Villaraigosa

Today, I took a big step in helping homeowners to combat loan scams and foreclosure fraud, the start of NeighborWorks America's national campaign against loan modification scams.

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Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 10.22.2009 | Business

Read More: Subprime Mortgages, Loan Modifications, Subprime Mortgage Crisis, Mortgage Crisis, Home Affordable Modification, Financial Crisis, Homeowners, Congressional Oversight Panel, Business News

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

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Ocwen Bank: Fun With Numbers

Richard Zombeck | Posted 10.21.2009 | Business

Read More: Mortgage Crisis, Loan Modifications, Ocwen Financial Corp., Making Home Affordable, Business News
Richard Zombeck

Ocwen Financial is responsible for 45 percent of all the successful loan modifications in the country. Wow, 45 percent. If I hadn't almost flunked math, I'd think that was almost half.

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Shahien Nasiripour

One Company Responsible For Nearly Half Of All Permanent Mortgage Modifications

HuffingtonPost.com | Shahien Nasiripour | Posted 10.13.2009 | Business

Read More: Elizabeth Warren, Making Home Affordable, Mortgage Servicers, Wells Fargo, Ocwen, Bank of America, Barack Obama, JPMorgan Chase, Mortgages, Loan Modifications, Subprime Mortgages, Bailout Bandits, Bailout, Bailout Watchdog, Financial Crisis, Congressional Oversight Panel, Business News

Nearly half of the permanent home loan modifications under the government's plan to help troubled borrowers come from a single company that handles le...

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Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 10.12.2009 | Business

Read More: Geithner, Baillout, Mha, Bank of America, Homeowners, Foreclosure Prevention, Making Home Affordable, Mortgage Crisis, Foreclosure Rates, Loan Modifications, Mortgage, Countrywide, Lenders, Finance, Default, Making Home Affordable Program, Mortgage Relief, Treasury, Banks, Foreclosure, Timothy Geithner, Housing Crisis, Business News

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...

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Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 10.09.2009 | Business

Read More: Mortgages, Treasury Department, Loan Modifications, Mortgage Modification, Making Home Affordable, Mortgage Servicers, Behavioral Economics, Home Affordable Modification, Mortgage Crisis, Financial Crisis, Obama Administration, Homeowners, Business News

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

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Homeowners: The War Games Have Begun

Iris Martin | Posted 11.11.2009 | Business

Read More: Predatory Lending Lawsuits, Court, Debt, Judges, Bobby Flay, War, Mortgage Crisis, Homeowners, Barack Obama, Obama Administration, Mortgage Audit, Securitization, Subprime Mortgages, Loan Modifications, Predatory Lending, Federal Government, Banks, Foreclosure, Iattorneys, Mortgage Wars, Business News
Iris Martin

Now it's time for the predatory lenders, brokers and foreclosure consultants to sweat. Here is the skinny on what to do and not do in your own mortgage war.

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PennyMac: Ex-Countrywide Execs' Firm Making Millions Modifying Bad Loans

ProPublica | Alexandra Andrews | Posted 10.16.2009 | Business

Read More: Bank of America, Pennymac, Loan Modifications, Countrywide, Business News

Among the servicers participating in the government's mortgage modification program is a new recruit that's not like the others. PennyMac, a firm foun...

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Debtor's Revolt?

Marshall Auerback | Posted 09.12.2009 | Business

Read More: Tarp, Bailout, Household Debt, Asset Holdings, Loan Modifications, Securities, Financial Reform, Frank Rich, Richard C. Koo, Post-Bubble Japan, Asset Swaps, Personal Debt, Business News
Marshall Auerback

Once all the TARPs are tidied up and the quarterly profits no longer a revelation, American consumers will still be swaddled in debt. What's to stop them from just walking away from it?

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Bankruptcy Judges & DOJ Rip Mortgage Companies

ProPublica | Posted 09.12.2009 | Business

Read More: Bank of America, JP Morgan, Loan Modifications, Bankruptcy, Countrywide, Wells Fargo, Ocwen, Hsbc, Justice Department, Financial Services Roundtable, Department of Housing and Urban Development, Business News
ProPublica

Judges have found that major mortgages servicers regularly mess up basic accounting, improperly credit payments and charge unwarranted fees.

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Making Home Affordable: The Waiting Game

HuffPost's Eyes & Ears | Margo Irvin | Posted 09.10.2009 | Business

Read More: Loan Modifications, Making Home Affordable, Bailout, Home Affordable Modification, Financial Crisis, Foreclosure, Housing Crisis, Dispatches From the Displaced, Recession, Mortgage Crisis, Business News

Last week, the US Treasury reported that only 9% of eligible homeowners had been helped by the Obama Administration's Making Home Affordable program. ...

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Banks Still Cheating People Out of Their Homes

Mike Elk | Posted 09.05.2009 | Business

Read More: Evan Bayh, Loan Modifications, Predatory Lending, Making Home Affordable, Wall Street, Campaign Contributions, Lobbyists, Dick Durbin, Blue Dogs, Home Affordable Modification, Max Baucus, Foreclosure, Center for American Progress, Cramdown, Business News
Mike Elk

We can't allow Wall Street to go on cheating people out of the most important possession of their lives -- their home.

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Mortgage Modifications: Obama Administration Tries To Shame Industry

AP | ALAN ZIBEL | Posted 09.03.2009 | Business

Read More: Loan Modifications, Mortgage Modification, Foreclosure, Mortgage-Servicers, Michael Barr, Business News

WASHINGTON — The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes...

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Mortgage Servicers Get Big Fees From Foreclosures

nytimes.com | PETER S. GOODMAN | Posted 08.30.2009 | Business

Read More: Ocwen Finanical, Loan Modifications, Making Home Affordable, Mortgage Crisis, Treasury Department, Bank of America, Foreclosure, Mortgage Services, Business News

This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sli...

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How To Prepare For Your Loan Modification

AP | ADRIAN SAINZ | Posted 08.15.2009 | Business

Read More: Mortgages, Housing Market, Subprime Mortgages, Loan Modifications, Making Home Affordable, Subprime Mortgage Crisis, Obama, Business News

Homeowners worried about missing mortgage payments and entering foreclosure may have another option: a loan modification. Despite some signs of stabi...

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Home Is Where The Heartache Is

Lita Smith-Mines | Posted 08.07.2009 | Living

Read More: Mortgage Crisis, Foreclosures, Loan Modifications, Real Estate, Housing Crisis, Living News
Lita Smith-Mines

But when your mortgage is past due, home is no safe haven; if real estate taxes are in arrears, your abode provides no asylum.

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Homeowners Seeking "Making Home Affordable" Loan Modifications Frustrated By Inefficiency

Huffington Post | Margo Irvin | Posted 07.23.2009 | Eyes & Ears

Read More: Home Affordable Modification, Foreclosure, Loan Modifications, Making Home Affordable, Dispatches From the Displaced, Mha, Housing Crisis, Ee, Loan Modification, Eyes & Ears News

Lost paperwork, miscommunications and delays are some of the difficulties homeowners face in the loan modification process.

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Dispatches From The Displaced

Huffington Post | Posted 07.19.2009 | Eyes & Ears

Read More: Short Sale, Foreclosure Crisis, Loan Modifications, Making Home Affordable, Financial Crisis, Foreclosure, Dispatches From the Displaced, Housing Crisis, Forclosure, Home Foreclosures, Eyes and Ears, Eyes & Ears News

Dispatches from the Displaced is a HuffPost Eyes&Ears series on the real-life effects of the housing crisis. We're collecting stories from HuffPost re...

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Loan Modifications Not Helping Homeowners

AP | ALAN ZIBEL | Posted 05.04.2009 | Business

Read More: Bank Mortgages, Mortgages, Modifying Loans, Loan Modifications, Mortgages Banks, Office of Thrift Supervision, Office of the Comptroller of the Currency, Business News

WASHINGTON — Though lenders are boosting their attempts to curb record-high home foreclosures, fewer than half of loan modifications made at the...

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Freddie Mac Hires Ocwen in Spite of Past Problems

ProPublica | Posted 04.25.2009 | Business

Read More: Loan Modifications, Freddie Mac, Ocwen Financial Corp., Housing Rescue, Government Accountability Office, Business News
ProPublica

Freddie Mac introduced a loan modification pilot program, but it outsourced the job to a subprime loan servicer with a history of customer dissatisfaction and run-ins with the federal government.

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Obama's Plan Offers No Relief For Some Troubled Homeowners

New York Times | JOHN LELAND | Posted 04.04.2009 | Business

Read More: Troubled Homeowners, Loan Modifications, Mortgage Too High, Housing Crisis, Business News

Chadi Moussa lives in a house valued at more than $1 million in Dublin, Calif., in the desirable East Bay area. Unfortunately, he owes nearly twice th...

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Mortgage Brokers May Benefit From Obama's Loan Modifications

Salon News | Posted 04.04.2009 | Business

Read More: Mortgage Brokers Profit, Loan Modifications, Real Estate, Steven Vondran, Housing Crisis, Business News

Mortgage brokers could end up being the beneficiaries of Obama's loan modification program for struggling homeowners. As Salon reports: By the Obama...

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