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Mortgage Modifications

'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...

Arthur Delaney

Sad Milestone For Obama's Foreclosure Prevention Plan

HuffingtonPost.com | Arthur Delaney | Posted 09.13.2012 | Politics

WASHINGTON -- President Barack Obama said in 2009 that a new program to fight foreclosures would help as many as 4 million struggling homeowners obtai...

Mark Gongloff

Treasury Ignored Mortgage Fraud Warnings: Book

HuffingtonPost.com | Mark Gongloff | Posted 07.20.2012 | Business

If the Obama administration's mortgage-relief program has been a bit of a flop, it didn't have to be so. In a new book, TARP's former inspector gen...

Housing Scam Artist Heading To Prison

The Huffington Post | Arthur Delaney | Posted 06.26.2012 | Business

A Virginia scam artist has been sentenced to more than seven years in prison for running a mortgage modification company that falsely promised to save...

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

The Huffington Post | Bonnie Kavoussi | Posted 06.22.2012 | Money

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...

Arthur Delaney

Obama Administration Lets Banks Out Of Doghouse For Bad Mortgage Servicing

HuffingtonPost.com | Arthur Delaney | Posted 03.02.2012 | Politics

WASHINGTON -- The Obama administration announced Friday that as part of a recent $25 billion settlement with big banks, the government will release mo...

Mark Gongloff

HAMP Homeowner Help Still Coming Too Slowly

HuffingtonPost.com | Mark Gongloff | Posted 02.06.2012 | Business

The Obama administration continues to make halting gains in its efforts to help struggling homeowners, according to a new self-assessment released tod...

Arthur Delaney

Iowa Contenders Silent On Foreclosure-Crisis Reckoning Sought By Iowa AG

HuffingtonPost.com | Arthur Delaney | Posted 01.03.2012 | Politics

Republican candidates vying for the support of Iowa caucus-goers on Tuesday evening apparently have nothing to say about the big, bipartisan foreclosu...

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...

Arthur Delaney

First Criminal Charges Filed Over Robo-Signing

HuffingtonPost.com | Arthur Delaney | Posted 11.17.2011 | Business

The Nevada attorney general has indicted two midlevel staffers at a mortgage document company, Lender Processing Services, on a whopping 606 counts of...

Arthur Delaney

Fed-Up Judge: 'Somewhere, Someone Has To Stand Up'

HuffingtonPost.com | Arthur Delaney | Posted 11.15.2011 | Business

Georgia Judge Dennis Blackmon is fed up with bailed-out banks refusing to help strapped homeowners. "Sometimes, only the courts of law stand to pr...

Arthur Delaney

White House Doubles Down On Mortgage Modification Spin

HuffingtonPost.com | Arthur Delaney | Posted 12.18.2011 | Politics

WASHINGTON -- President Obama said in 2009 that his flagship anti-foreclosure scheme would "enable as many as 3 to 4 million homeowners to modify the ...

Seniors Face Foreclosure After Making Mortgage Payment Too Early

The Huffington Post | Harry Bradford | Posted 10.22.2011 | Business

A senior couple in Pasco County, Florida is facing the prospect of foreclosure. But the reason doesn't have to do with missed mortgage payments. This ...

Arthur Delaney

Obama Administration Makes Anti-Foreclosure Program More Generous For Jobless

HuffingtonPost.com | Arthur Delaney | Posted 09.06.2011 | Business

WASHINGTON -- The Obama administration announced Thursday that its signature anti-foreclosure program and the Federal Housing Administration would be ...

Arthur Delaney

Bipartisan Group Of Senators Targets Mortgage Servicers

HuffingtonPost.com | Arthur Delaney | Posted 07.13.2011 | Business

WASHINGTON -- Unimpressed by the recent efforts of state and federal regulators to rein in the mortgage servicing industry, a bipartisan group of sena...

Arthur Delaney

Accused Mortgage Scammer Loses His Wacky Website After Court Order

HuffingtonPost.com | Arthur Delaney | Posted 06.25.2011 | Business

Accused mortgage-modification fraudster Howard Shmuckler has lost the website he used to call his accusers “the real scammers.” Even though Shm...

Arthur Delaney

When Banks Won't Help Homeowners, Scammers Help Themselves

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Clarification appended When Mohammed Shukran took some time off from driving his cab to care for two ailing family members in 2009, he began worryi...

Setting the Record Straight on "Fixing Foreclosure-Gate"

Jason Gold | Posted 05.25.2011 | Politics
Jason Gold

I have respect for those who work hard every day in sorting out policy problems. Given these stakes, the debate should be a fair one that debates proposals on their merits, not on faulty assumptions.

Fannie, Freddie In Talks With Government Over Reducing Balances For Struggling Homeowners: Report

Posted 05.25.2011 | Business

NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...

Arthur Delaney

Treasury Denies Mortgage Program Puts Borrowers Into Default

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

A federal watchdog reported Monday that the Obama administration's signature anti-foreclosure program sometimes causes people to lose their homes to f...

Arthur Delaney

BofA Sued AGAIN Over HAMP: Bank Accused Of Lying About Lost Paperwork

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

In a new lawsuit seeking class-action status, homeowners accuse Bank of America of systematically and deliberately failing to comply with the Obama ad...

Shahien Nasiripour

JPMorgan Chase, Citing Sanctity Of Contracts, Argues Against Mortgage Modifications

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

With millions of homeowners losing their homes to foreclosure during this recession, megabank JPMorgan Chase plans to argue against the Obama administ...

Shahien Nasiripour

Obama Foreclosure Plan Makes It Harder For Banks To Reduce Principal For Underwater Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration's plan to help struggling homeowners has had the unintended consequence of making it harder for them to get the most effectiv...

Shahien Nasiripour

Watchdog: Obama Foreclosure Program Is Likely To Be A Failure

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration's signature foreclosure-prevention program is likely to be a failure and has not done enough to help struggling homeowners wh...

Shahien Nasiripour

Treasury Getting More Comfortable With Principal Write-Downs -- Sort Of

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Is the Treasury Department finally going to help homeowners who owe more than their homes are worth get out from underwater? Maybe, maybe not. At a ...