fbpx

Lawsuit Reveals How a Middleman Is Blocking Mortgage Modifications for Homeowners

by Paul Kiel, ProPublica Pamela Jeter of Atlanta, Ga., has been trying to get a mortgage modification for more than two years. She seems like an ideal candidate. She has shown she can stay current with a reduction in her monthly mortgage payments. Everybody would seem to win. Even the investors who ultimately own her … Read more

Biggest Banks Nailed by Foreclosure Paperwork Problems

by Marian Wang, ProPublica Three of the nation’s largest mortgage servicers have halted foreclosures as scrutiny increases over whether they verify the required paperwork. Several other servicers have also been faulted for foreclosure affidavits that were signed without much authentication, but they have not yet halted foreclosures. Last week, we noted that the discovery of … Read more