Foreclosure - news and investigations | The Center for Public Integrity

Treasury Dept. anti-foreclosure program "abysmal," says watchdog

By David Heath

January 27, 2011

Desperate homeowners beware: Getting help from the federal government to lower your monthly mortgage bill may actually force you into forec

Boiler rooms, foreclosure mills: The story of America’s mortgage industry

By Michael Hudson

October 7, 2010

The news about the nation’s foreclosure scandal has been coming fast and furious, driven by tales of backdated documents, false affidavits a

Excerpts from this story referencing "Mortgage":

"… e W-2 tax forms that exaggerated loan applicants’ earnings.At Ameriquest Mortgage, one of the companies I focus on in my new book about the subprime mortgag …"

"… hio Attorney General Richard Cordray sued Ally Financial Inc. and its GMAC Mortgage division, claiming that workers at the company had signed and filed false …"

Loan servicers should notify neighborhoods when abandoning a foreclosure, report says

By Laurel Adams

November 16, 2010

To prevent the detrimental effects of abandoned home foreclosures, the Federal Reserve and the Office of Comptroller of the Currency should

Excerpts from this story referencing "Mortgage":

"… rhood property values, and higher costs for local government, the GAO said.Mortgage servicers abandon a foreclosure when they determine that the cost of compl …"

"… ting a foreclosure exceed the anticipated proceeds from the property sale. Mortgage servicers are not required to notify borrowers when they decide to abandon …"

Will Washington pull the plug on HAMP?

By Michael Hudson

February 28, 2011

The future of the Obama administration’s troubled $30 billion initiative to bail out beleaguered homeowners is on the line. ...

Excerpts from this story referencing "Foreclosure":

"… ink is just irresponsible,” said Rebekah Cook-Mack, an attorney with the Foreclosure Prevention Project at South Brooklyn Legal Services, a non-profit in New Y …"