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Posts marcados ‘MODIFICATIONS’

Eye on Loan Modifications

One ‘Nightmare’ Mortgage: Problems From Origination

Through Foreclosure

by Karen Weise
ProPublica

. A foreclosure sign is seen in Miami Beach, Fla. (Joe Raedle/Getty Images)

Imogene Hall, a 49-year-old Jamaican immigrant living in Miami, is exactly the kind of poster child you don’t want to be. From a mortgage broker’s knock on her door four years ago all the way to today, when the Florida courts may be limiting her due process, the Miami Herald has the details [1] on Hall’s story, documenting the ways her situation shows many common indicators of fraud. (mais…)

EYE ON LOAN MODIFICATIONS

The Government’s Incredible Shrinking Mortgage Mod

Program

by Karen Weise
ProPublica

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A homeowner sits with a Bank of America negotiator as she tries to restructure her mortgage loan at the Palm Beach Convention Center on Aug. 27, 2010. (Joe Raedle/Getty Images)

The U.S. government’s effort to help struggling homeowners is approaching a standstill, and the number of homeowners in ongoing mortgage modifications could start shrinking in several months if current trends continue, according to a ProPublica analysis of Treasury Department data. (mais…)

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