Sunshine state uses fees to prevent sun from shining on judicial records

By Alison Fitzgerald

In Florida, a court is charging massive fees for some public records.

'Zombie' homes haunt Florida neighborhoods

By Alison Fitzgerald and Jared Bennett

Neighborhoods devastated by thousands of abandoned homes as banks fail to follow through on foreclosures.

Excerpts from this story referencing "Mortgage":

"… year. When they moved out, she was unable to find another tenant. CitiMortgage filed a foreclosure action in July 2009. In February, 2010, Mainor s …"

"… y, 2010, Mainor sent a three-page handwritten “hardship letter” to CitiMortgage asking for a deed in lieu of foreclosure as she was unable to fix up the p …"

"… safe and comfortable environment for my grandchildren,” she wrote to CitiMortgage. “Being able to qualify for a deed in lieu will alleviate some of the di …"

Investigating Florida's parallel legal system for foreclosures

By Alison Fitzgerald and Sarah Whitmire

A Q&A with Senior Reporter Alison Fitzgerald on her most recent investigation into Sunshine State foreclosures.

Homeowners steamrolled as Florida courts clear foreclosure backlog

By Alison Fitzgerald

Why are Florida's courts rushing to clear more than 700 foreclosure cases per day?

Excerpts from this story referencing "Mortgage":

"… of creative investors’ turning Mortgage debt into a tradable commodity. Mortgages were placed in pools and securitized. Very often the deeds to the homes, …"

Former subprime executive making risky loans again

By Daniel Wagner

Andy Pollock, who led First Franklin's bad loan factory, is pushing interest-only loans at new firm.

Report: Some lose homes over as little as $400

By The Associated Press

Some homeowners lose houses for a little as $400 in overdue taxes, consumer group says

Excerpts from this story referencing "Tax lien sale":

"… o increase notice to homeowners and make sure they understand their rights.Tax lien sales differ from most foreclosures, which happen when people fall behind on mo …"

New whistleblower cases allege continued bank fraud

By Amy Biegelsen and Emma Schwartz

Mortgage modifications and appraisal processes in question

Raging against the foreclosure machine

By Ben Hallman

Automated foreclosure process creates errors, stifles modifications and enrages helpless homeowners

Excerpts from this story referencing "Countrywide":

"… l Street bank that created the investment. Bank of America, which acquired Countrywide’s notoriously troubled loan portfolio (along with its legal headaches), …"

"… caring whether the loans they were making were sound. Mortgage giants like Countrywide approved as many loans as possible knowing that Wall Street would purchase …"

"… from late fees alone, representing 9 percent of its total revenue. Before Countrywide imploded, late fees reportedly covered the company’s entire servicing op …"

Feds investigating possible fraud at GE’s former subprime unit

By Michael Hudson and E. Scott Reckard

Federal investigators looking into possible fraud at GE's now-closed subprime lender

Excerpts from this story referencing "Mortgage":

"… into potentially criminal business practices at Burbank, Calif.-based WMC Mortgage Corp. during the home-loan boom, according to four people with knowledge o …"

"… rs, making it a less-familiar name than giant retailers such as Ameriquest Mortgage Co. and Countrywide Financial Corp. Still, in 3½ years under GE’s owner …"

"… ed in guilty pleas to egregious fraud. One, at Taylor, Bean & Whitaker Mortgage Corp. in Florida, included the creation of fictitious loans. The othe …"

"… ;in Florida, included the creation of fictitious loans. The other, at U.S. Mortgage Co. in New Jersey, involved selling the same loans twice — once to credi …"

Fraud and folly: The untold story of General Electric’s subprime debacle

By Michael Hudson

High-paid employees of fraud-plagued, GE-owned WMC Mortgage included ex-porn star, strippers

Excerpts from this story referencing "Mortgage":

"… loans by paying roughly half a billion dollars to buy California-based WMC Mortgage Corp.What GE got in the bargain, former WMC employees say, was a place whe …"

"… ng.Founded in 1955, it had been known for much of its life as Weyerhaeuser Mortgage, a subsidiary of the pulp and paper giant Weyerhaeuser Co. By the lat …"

"… ck defective WMC loans.By October 2007 — as Riedel had predicted — WMC Mortgage was effectively out of business, dead after having pumped out roughly $110 …"

"… loans under GE’s watch, according to industry data tracker Inside Mortgage Finance.‘Living it up’And Amy Brandt?She was “living it up,” at le …"

Woman says GE-owned subprime lender deceived, defrauded her

By Michael Hudson

Mortgage on modest home becomes legal nightmare for West Virginia woman

Excerpts from this story referencing "WMC Mortgage Corp.":

"… laid out the costs and details of her loan.The $67,500 loan was funded by WMC Mortgage Corp., a subsidiary of General Electric since 2004.GE shuttered WMC in 2007, but …"

Ex-WaMu worker claims he was shunned for refusing to push toxic loans on borrowers

By Michael Hudson

Ex-WaMu employee says he fought pressure to sell toxic loans

Excerpts from this story referencing "Mortgage":

"… rs as a high-earning salesman at a smaller lender in Los Angeles, Citizens Mortgage, before he took a job in mid-2007 as a Mortgage sales rep at a Washington …"

"… it did on fixed-rate home loans, according to internal company documents. Mortgage investors on Wall Street loved them because their growing loan balanc …"

"… other question.As early as 2006, BusinessWeek had called them “Nightmare Mortgages,” declaring they “might be the riskiest and most complicated home loa …"

Bank of America to pay record settlement over Countrywide abuses

By John Dunbar

Bank of America to pay record settlement over Countrywide abuses

Excerpts from this story referencing "Mortgage":

"… ending practices at Countrywide in a series of stories called “The Great Mortgage Coverup.” Perez said more than 200,000 African-American and Hispani …"

Whistleblowers ignored, punished by lenders, dozens of former employees say

By Michael Hudson

Former mortgage company employees say fraud was widespread in industry

Excerpts from this story referencing "finance industry workers":

"… histleblower advocates say weak federal and state laws also helped prevent finance industry workers from being heard. Congress passed tougher laws in the wake of the financia …"

Worst may be yet to come in foreclosure crisis, study says

Millions more homes at 'imminent risk of default' study says

Excerpts from this story referencing "Mortgage":

"… ften as white borrowers.The study – “Lost Ground, 2011: Disparities in Mortgage Lending and Foreclosures” – concludes with a plea for stronger governm …"

Obama housing plan gets faint praise

The president outlined a new plan to help homeowners, GOP presidential candidates rely on free market

GOP candidates in foreclosure capital say government not the solution to crisis

By Michael Hudson

Republican candidates in Nevada say foreclosure mess will go away if government stays out of it

'Occupy Wall Street' aims ire at foreclosures

By Michael Hudson

Singing protesters try to block foreclosure in Brooklyn courtroom

HUD cuts to devastate mortgage counseling agencies across nation

By Ben Hallman

HUD mortgage counseling program loses funds, hundreds of housing counseling agencies hammered

Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Countrywide protected fraudsters by silencing whistleblowers, say former employees

By Michael Hudson

Exclusive interview with a high-ranking Bank of America whistleblower reveals corruption that led to the financial collapse

Excerpts from this story referencing "Mortgage":

"… e 12/2/11: Eileen Foster, the fraud sleuth profiled in iWatch News' "Great Mortgage Cover-Up" series, appeared on CBS News' "60 Minutes" on Sunday night (12-4 …"

"… foreman earning $126,000 a year, according to a legal claim later filed by Mortgage Guaranty Insurance Co., a Mortgage insurer. It turned out that the borrowe …"

"… Mortgage broker controlled by a five-time convicted felon. One Source Mortgage Inc.’s owner, Charles Mangold, had served time for weapons charges and o …"

Obama's new plan for underwater mortgages may be too little too late

By Michael Hudson

Obama orders Fannie and Freddie to work with borrowers; earlier programs helped only a few

Borrower Nightmares: Disabled homeowner alleges broker, bank sold her mortgage she couldn’t afford

By Ben Hallman

Queens woman fights foreclosure on her childhood home

Excerpts from this story referencing "Mortgage":

"… But that wasn’t the loan that the broker had asked the lender, Emigrant Mortgage Co. of New York to approve, Mosunic’s lawsuit alleges. An hour later, M …"

"… repairs to a downstairs apartment. Emigrant Bank, the parent of Emigrant Mortgage, said in written answers to questions from iWatch News that loan documents …"

"… interest rate.  Rholda Ricketts, Deputy Superintendent of Banks for Mortgage Banking , told iWatch News that the regulator strongly supported a 2008 la …"

Reporter Michael Hudson Talks Mortgage Fraud on KCBX

Michael discusses annual FBI mortgage fraud report

FBI brags about chasing down mortgage fraudsters but big banks are left untouched

By Michael Hudson

FBI report identifies mortgage fraudsters of all stripes – except banks

Excerpts from this story referencing "Mortgage":

"… ys general around the nation. The state authorities accused its Ameriquest Mortgage subsidiary of using bait-and-switch salesmanship, inflated appraisals and …"

A roundup of investigations in the three years since the last market crash

By Shirley Gao

iWatch News reports on the financial crisis from 2008 to now

Excerpts from this story referencing "Mortgage":

"… ncial Corp, responsible for at least $97.2 billion, followed by Ameriquest Mortgage Co./ACC Capital Holdings Corp with at least $80.6 billion and New Century …"

"… uding the Truth in Lending Act and the Fair Debt Collections Practices Act.Mortgage industry racked by foreclosure scandal (Oct 7, 2010) – One of the leadin …"

As housing crisis festers, mortgage servicers spend $8 million on political contributions

By Michael Hudson and Aaron Mehta

Mortgage servicers pony up $8 million in political donations as housing crisis festers

"Dear CFPB" wish lists urge action on mortgages, payday loans, prepaid cards

By Shirley Gao

Advocacy groups have long wish lists for Consumer Financial Protection Bureau

Excerpts from this story referencing "Credit":

"… nbsp;card issuers, too,” says Credit card expert Beverly Blair Harzog on Credit.com.End hidden fees on pre-paid debit cardsPre-paid debit cards are largel …"

"… school at the level of the average reader in America,” Martin writes in CreditSlips.org.Help college borrowers see exactly how much they oweCollege stude …"

"… ortably repay that amount, says personal finance writer Farnoosh Torabi of Credit.com. As part of the process for obtaining a federal student loan, the CFPB …"

Borrower Nightmares

By Julie Vorman

Leaderless CFPB faces big job taming predatory lenders

Mortgage servicing standards at the top of consumer agency's agenda

By Julie Vorman and Shirley Gao

New consumer agency sets mortgage servicing standards as a top priority

Excerpts from this story referencing "Mortgage":

"… s before she could execute trades for her fund, which suffered as a result. …"

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