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Tag: Mortgage modification

Housing’s New Worry: Repeat Foreclosures Return

After the worst national housing crash in history, the picture of distress continues to improve, but now with one worrisome aberration. For the first...

Proposed Changes to Mortgage Servicing Rules: Protections for Surviving Family Members

Today, we’re proposing changes to our Mortgage Servicing Rules, which took effect on January 10, 2014. These rules provide important protections for consumers with...

Homeowners Brace for Another Foreclosure Wave

In the thick of the housing crisis, some lenders slashed borrowers’ interest rates to as little as 2 percent. But rates start to rise...

Why Did The Home Affordable Modification Program (“HAMP”) Fail?

The 2009 Home Affordable Modification Program (HAMP) was supposed to help about 3 to 4 million homeowners in underwater or otherwise troubled mortgages by...

BofA Says Ex-Workers Made Impossible Mortgage Loan-Program Claims

Bank of America Corp. said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles and made “impossible”...

New Bank of America Whistle-Blower Emerges: More Customer Abuse

Last week, I detailed bombshell revelations from Bank of America whistle-blowers, in which former employees of the bank detailed systematic fraud and deceptive practices...

The Stealth Problem of Predatory Mortgage Modifications

If you look from 50,000 feet, there are two sides to the debate over mortgage modifications. On the one hand, a surprisingly large group,...