Donovan must continue to monitor the progress of the Settlement with its goal in mind: to save families' homes from unnecessary foreclosure. With so few first lien modifications reported by the banks, it is clear that goal is not being achieved.

If there’s any upside to foreclosure it’s the relief that comes with no longer being in debt. But one Texas company seems to be testing even that ...

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.

Having one mortgage is hard enough amid a historic housing slump, but Americans with two mortgages have it even harder. Homeowners who treated thei...

Cleaning out my files at year's end, I came across notes that I wrote in early 2002 on a dozen ways to eliminate America's middle class through the actions of government and private industry.

[Rep. Brad Miller] is worth getting to know, not only because of his deep concern about the foreclosure epidemic, but also because he has made a compe...

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

When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.