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All posts by ProPublica

  • Chase Bank Overcharges Troops on Mortgages and Admits to Improper Foreclosures

    by Marian Wang, ProPublica, JPMorgan Chase acknowledged this week that it overcharged some 4,000 military families for their mortgages and wrongfully foreclosed on at least 14. It’s not clear how much the mistakes have cost these families,...

    • Posted January 19, 2011
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  • What Do Carmen Electra, 50 Cent & Shaquille O’Neal Have in Common?

    by Jesse Eisinger, ProPublica, Over the weekend, the popular rapper 50 Cent urged his 3.8 million Twitter followers to buy the stock of a microscopic company in Florida. The penny stock jumped 290 percent on Monday....

    • Posted January 12, 2011
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  • Stories of Homeowners and Loan Modifications: Where Are They Now

    by Karen Weise, ProPublica ProPublica has been covering the government’s foreclosure relief effort since the Obama administration launched the program in the spring of 2009. This week, ProPublica is checking back with some of the homeowners...

    • Posted January 6, 2011
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  • Newbie Attorneys Reaking Hell at Foreclosure Law Firms

    by Marian Wang, ProPublica A few months into the foreclosure scandal, we reviewed job listings seeking supposed foreclosure experts and even department supervisors, noting that many listings offered low pay and required little education . Some listings...

    • Posted January 6, 2011
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  • Bank Errors Taint Credit Reports and Lower Credit Scores

    by Marian Wang, ProPublica, We’ve pointed out cases in which banks’ miscommunication and disorganization have caused mistaken foreclosures , but as several recent reports have noted, that’s not the only way in which bank mistakes...

    • Posted January 6, 2011
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  • False Attorney Signatures Cast New Doubts on Foreclosures

    by Sasha Chavkin, ProPublica Many foreclosures have been thrown into question because of flawed documentation such as inaccurate affidavits describing a mortgage’s history. But three recent court cases point to another type of flaw in foreclosure filings...

    • Posted December 13, 2010
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  • Major Foreclosure Contractor Underplayed the Extent of Document Flaws

    Marian Wang, ProPublica In our primer on the players in the foreclosure scandal, we noted that the biggest foreclosure contractor to which banks outsourced servicing tasks, Lender Processing Services (LPS), has been accused of flaws in the...

    • Posted December 8, 2010
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  • Unemployed People Facing Loss of Benefits. What Next for Them?

    by Marian Wang, ProPublica Unless Congress acts to extend programs for those who have exhausted regular state unemployment benefits, millions of jobless workers may soon be phased out of emergency unemployment benefits. Unemployment benefits from states typically...

    • Posted November 30, 2010
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  • Government Loan Modification Money Not Being Used by Banks

    by Paul Kiel, ProPublica When the Obama administration launched its flagship foreclosure prevention program in early 2009, it pledged to spend up to $50 billion helping struggling homeowners. But the government has so far only spent a...

    • Posted November 11, 2010
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  • Regulators Totally Missed Foreclosure Problems

    Marian Wang, ProPublica While they may be conducting their own investigations, federal prosecutors and national bank regulators for the most part aren’t the ones leading the investigation into the foreclosure mess. At least that’s the perception–one that’s...

    • Posted November 10, 2010
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  • Would You Rather Work at Burger King or Be a Foreclosure Department Supervisor?

    by Marian Wang, ProPublica For years, banks and other companies handling foreclosures have turned to cheap labor to process the growing volume of foreclosures. At JPMorgan Chase, they were called “Burger King kids“–walk-in workers hired to handle...

    • Posted November 5, 2010
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  • What Elections Could Do to Financial Regulations

    by Marian Wang, ProPublica As Americans go to the polls today, their votes will influence a number of issues that we’ve been watching, whether it be the foreclosure scandal or implementation of financial regulation and healthcare reform–some...

    • Posted November 2, 2010
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  • A Who’s Who in the Foreclosure Scandal.

    by Marian Wang, ProPublica The unfolding foreclosure scandal just keeps expanding. Scrutiny first fell on the “robo-signers” who rubber-stamped banks’ foreclosure paperwork, but they’re one of the many players who may have contributed to the mess.To help...

    • Posted October 18, 2010
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  • Robo-Signer Foreclosure Scandal Update

    by Marian Wang, ProPublica There are more headlines every day about banks using shortcuts and questionable paperwork to push through foreclosures. A group of 40 state attorneys general is expected to announce an investigation this week into...

    • Posted October 12, 2010
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  • Putting the Foreclosure Paperwork Scandal in Perspective

    by Marian Wang,ProPublica The scandal over flawed paperwork and sloppy practices by mortgage servicers continues to broaden. The issue is complicated, and “robo-signers” — individuals working for servicers and signing off on thousands of foreclosure documents without...

    • Posted October 7, 2010
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