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Mortgage Modification

'I Cannot Afford The Inflated Mortgage I've Been Forced Into'

Home Defenders League | Posted 03.12.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

'If I Did That To Anyone Else, I'd Be In Jail'

Home Defenders League | Posted 02.22.2013 | Business
Home Defenders League

For the next several weeks, HuffPost will be cross-posting "Foreclosure Horror Stories" from the Home Defenders League's "100 Stories Of What Wall Str...

The Disturbing Inaction of Congress on the Mortgage Cliff

Adam Levin | Posted 02.05.2013 | Home
Adam Levin

While the fiscal cliff gets all the attention, the mortgage cliff is just as steep, and just as perilous. If American consumers take another big fall, our leaders are almost certainly not far behind.

Hear No Hardship

Lita Smith-Mines | Posted 02.02.2013 | New York
Lita Smith-Mines

I'm not a member of a book club, so I don't know if it's de rigueur for literary associations to throw back a few cocktails and to unsheath verbal knives at holiday get-togethers. If it is, then I was in the presence of a masterful group of readers.

Sarah Bufkin

Underwater Homeowners Face Double Whammy In New Year

HuffingtonPost.com | Sarah Bufkin | Posted 11.24.2012 | Politics

WASHINGTON -- Beginning on Jan. 1, people who lose their home to foreclosure will be required to pay federal taxes on any unpaid mortgage the bank can...

What Obama's Re-Election Means for Housing

Jed Kolko | Posted 01.14.2013 | Business
Jed Kolko

Throughout the campaign, both candidates were short on specifics about their housing policy, to put it very kindly. But what the candidates didn't do or say helps draw out the differences between what housing policy will look like during Obama's second term.

Ben Hallman

Romney's Housing Plan Long On Gripes, Short On Details

HuffingtonPost.com | Ben Hallman | Posted 10.25.2012 | Business

NEW YORK -- If elected president, Mitt Romney would reform Fannie Mae and Freddie Mac, sell 200,000 vacant foreclosed homes owned by the government an...

Demote, Defang DeMarco

Leo W. Gerard | Posted 10.13.2012 | Business
Leo W. Gerard

This guy, Edward DeMarco, the acting head of the Federal Housing Finance Agency, is deliberately damaging America -- promoting foreclosures, high unemployment and excessive taxes. He has got to go.

30-Year Mortgage Rates Break Record

AP | Marcy Gordon | Posted 09.11.2012 | Home

WASHINGTON — Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market. ...

BofA Tried To Screw Over Homeowner, Is Terrible, Says NJ Court

The Huffington Post | Alexander Eichler | Posted 06.25.2012 | Business

In 2009, Bank of America threw a lifeline to Sylvia Ficco, a struggling New Jersey homeowner who'd recently defaulted on a $591,000 home loan. Come jo...

Loan Mods Aren't A Cure-All For Delinquent Homeowners

The Huffington Post | Bonnie Kavoussi | Posted 06.22.2012 | Home

For many homeowners that have fallen behind on their mortgages, a loan modification doesn't prove to be a cure-all. Six in 10 delinquent homeowner...

Matt Sledge

Occupy Activist Son Helps Save Family Home From Foreclosure

HuffingtonPost.com | Matt Sledge | Posted 06.13.2012 | Business

A homeowner in Minneapolis who teamed up with her Occupy Our Homes activist son has succeeded in winning a loan modification from CitiMortgage. Col...

Ben Hallman

Top Housing Regulator Not Ready To Back Off Unpopular Stance

HuffingtonPost.com | Ben Hallman | Posted 04.10.2012 | Business

Edward DeMarco isn't ready to blink yet on principal reductions, even though doing so could save Fannie Mae and Freddie Mac $1.7 billion. On Tuesd...

Bank Of America Tells Woman To Miss Mortgage Payments, Then Forecloses On Her House

The Huffington Post | Alexander Eichler | Posted 04.10.2012 | Business

Here's how Pamela Flores tells it: A couple years ago, she found that she couldn't keep making mortgage payments on her Atlanta house. She says she...

The Robo-Signing Settlement: Breaking the Usual Rules of Housing Policy

Jed Kolko | Posted 04.11.2012 | Business
Jed Kolko

The robo-signing settlement is the latest -- and potentially the largest -- piece in the U.S. housing policy puzzle. Even though it's partly punishment for banks' wrongdoing, it is also another answer by the government to the question of how it can help the housing market.

Ben Hallman

Mortgage Settlement Makes Fresh Promise To Curb Bank Bad Behavior

HuffingtonPost.com | Ben Hallman | Posted 02.09.2012 | Business

As part of the $25 billion mortgage fraud settlement announced Thursday, five of the biggest U.S. banks promised to end practices that have led to bot...

Bonnie Kavoussi

Ex-Fannie Mae Employee: Executives 'Philosophically Opposed' To Loan Forgiveness

HuffingtonPost.com | Bonnie Kavoussi | Posted 02.09.2012 | Business

Fannie Mae executives are refusing to forgive part of homeowners' mortgage debt because they are "philosophically opposed" to the idea, according to a...

Attorneys General: It's Time to Close the Deal

Janis Bowdler | Posted 04.03.2012 | Latino Voices
Janis Bowdler

It is time to deliver the first installment of relief for homeowners that have not a moment to lose.

BofA Allegedly Modified Home Loans To Keep Complainers Quiet

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

In an attempt to clean up its battered image, Bank of America allegedly provided mortgage assistance to customers willing to drop complaints about the...

HAMP's Second Lien Modification Saves Fewer Than 50% of Second Mortgages

Anna Cuevas | Posted 03.19.2012 | Business
Anna Cuevas

Through the 2MP initiative, services of second mortgages have the option to modify the lien or to extinguish it -- which is an admission that the mortgagor is not likely to be repaid for the second mortgage, and they clear their interest in the property by filing a lien waiver.

Bank Of America Plaza Threatened WIth Foreclosure

The Huffington Post | Harry Bradford | Posted 01.10.2012 | Business

In an ironic twist, a building bearing the name of a bank closely associated with the foreclosure crisis may soon be facing foreclosure itself. Ba...

Mortgage Modification Blunders Bedevil U.S. Housing Recovery

Posted 12.19.2011 | Business

WASHINGTON (Aruna Viswanatha) - Shirley Burnell, a community activist from Oakland, California, has been trying to get her subprime loan restructu...

Loren Berlin

Western Strike: California, Nevada Team Up To Prosecute Mortgage Fraud

HuffingtonPost.com | Loren Berlin | Posted 12.07.2011 | Business

California and Nevada's attorneys general announced Tuesday in a press conference that they are teaming up to prosecute mortgage fraud in their respec...

Three Alleged Mortgage Scammers Arrested In California

The Huffington Post | Alexander Eichler | Posted 12.02.2011 | Business

Just one day after government authorities announced they would be bringing the hammer down on loan-modification scammers, three people have been arres...

Mortgage Modification Scammers On Notice As Federal Offices Announce Crack Down

The Huffington Post | Alexander Eichler | Posted 12.01.2011 | Business

With the economy losing momentum and the housing market sagging, there has been no shortage of scammers looking to take advantage of struggling homeow...