Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

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 …"

Excerpts from this story referencing Mortgage

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, …"

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

"… led to sign up for a modification plan with their loan servicer, GMAC Home Mortgage, Cassandra Gray said. The modification lowered their payment from $1,128 …"

"… to pools of 5,000 or more. They are then sliced up and sold as securities. Mortgage servicers bid on the rights to manage these loan pools before they are sol …"

"… aged lenders to stop caring whether the loans they were making were sound. Mortgage giants like Countrywide approved as many loans as possible knowing that Wa …"

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 …"

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 …"

Excerpts from this story referencing Mortgage

"… d 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 200 …"

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 …"

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 …"

Excerpts from this story referencing Mortgage

"… d Ed Parker, former fraud investigations manager at now-defunct Ameriquest Mortgage Co., a leading subprime lender. “But we were not welcome because we affe …"

"… “boiler room” operation and a frat-house blowout.At Citizens Financial Mortgage Inc., a small Pennsylvania-headquartered lender, the out-of-control behavi …"

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 …"

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

Excerpts from this story referencing Mortgage

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 …"

Excerpts from this story referencing Mortgage

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 …"

Excerpts from this story referencing Mortgage

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 …"

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 …"

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