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Mortgage Default

My Ex-Friend Won't Pay Me What They Owe and I Cosigned

Steve Rhode | Posted 09.24.2014 | Money
Steve Rhode

Huffington Post Reader Question A friend asked me to use my house for a line of credit for a rental apartment about 7 years ago. I put in $45,000, he...

Report Raises Concerns About Housing Aid Program

Reuters | Posted 09.22.2013 | Business

WASHINGTON, July 24 (Reuters) - Nearly half of the mortgages modified in 2009 under the Obama administration's signature homeowner rescue effort are...

Stories From the Frontline: Don't Drink the Yellow Kool-Aid

D. Sidney Potter | Posted 06.19.2012 | Business
D. Sidney Potter

The banks' almost near-inability to properly staff qualified personnel was a part of the comedy of errors. As an example, some of it was lost in translation -- literally.

Stories From the Frontline: Why Is Mortgage Aid, Hater-Aid?

D. Sidney Potter | Posted 06.16.2012 | Business
D. Sidney Potter

Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?

Stories From the Frontline: Robo Signers vs. The Silent Enemy

D. Sidney Potter | Posted 06.10.2012 | Business
D. Sidney Potter

As a former 1 percent member who got his backside kicked in the real estate "boom and bust" over the last decade, I'm officially a 99 percent member (misery loves company) -- and it's with unique privilege that I can report stories from the frontline.

Fannie, Freddie May Return Bailout Sooner Than Expected

AP | By DEREK KRAVITZ | Posted 12.28.2011 | Business

WASHINGTON -- Government-controlled mortgage giants Fannie Mae and Freddie Mac could start returning money to taxpayers by 2014, according to the late...

Bank Of America Sued Over Countrywide Mortgage Pool

Posted 10.30.2011 | Business

(Jonathan Stempel and Joe Rauch) - Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to...

Spanish Mortgage Defaulters Face Debt Nightmare

AP | DANIEL WOOLLS | Posted 09.09.2011 | Business

ALCALA DE HENARES, Spain -- Inma Rodriguez lost her job, and now that she's defaulted on her mortgage, she's about to lose her home. But the nightmare...

NYT Study: Rich Are Biggest Mortgage Defaulters By Far

New York Times | Posted 05.25.2011 | Business

LOS ALTOS, Calif. -- No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars. The housing bust th...

'Strategic Defaults' Give Homeowners A Way Out, Even If They Can Afford Payments

Los Angeles Times | Alana Semuels | Posted 05.25.2011 | Business

Time was when Americans would do almost anything to hang on to their homes. But that commitment appears to be fraying as more people fall behind on th...

Short-Sale Program: Obama Administration Will Test Program To Let Homeowners Sell For Less Than They Owe

nytimes.com | DAVID STREITFELD | Posted 05.25.2011 | Business

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new ...

Roger Lowenstein: The Case For Walking Away From Your Mortgage

New York Times Magazine | Roger Lowenstein | Posted 05.25.2011 | Business

John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal that homeowners who default on their mor...

"Strategic Defaults": Mortgage Holders With High Credit Scores Are Leaving Their Homes

latimes.com | Kenneth R. Harney | Posted 05.25.2011 | Business

Who is more likely to walk away from a house and a mortgage -- a person with super-prime credit scores or someone with lower scores? Research using...

Mortgage Delinquencies Plumet and Subprime Borrowers Get Shot

Steve Rhode | Posted 07.07.2014 | Money
Steve Rhode

TransUnion, the credit reporting people, have just released new data that certainly makes it appear the big wave of mortgage defaults and delinquencie...