As the sixth year of the foreclosure crisis comes to an end, the percentage of loans in foreclosure remains a staggering eight times higher than it was in 2005. About 5.3 million homeowners — about 11 percent of all borrowers — are behind on their payments.
The Independent Foreclosure Review, the government's main effort to compensate homeowners for harm by banks, is supposed to be independent from the banks. But in Bank of America's case, it wasn't.
For Richard Castaldo, the fight to keep his home out of foreclosure is only the latest in a life that has been full of extraordinary challenges. When he was 17, Castaldo became one of the first students shot during the Columbine High School massacre. Now, he's turned to Occupy Los Angeles to overcome this latest obstacle.
You really have to watch the video to believe how this Denver woman's eviction from her home of 24 years was handled. Never in my life have I seen anything like this. Grenade launchers to evict a 63-year-old woman?!? Last week, a
By Cora Currier -- ProPublica Florida has the highest percentage of home loans in foreclosure in the country. So why is more than $300 million that could help homeowners sitting unused? Florida was awarded those millions in February as
Late last year, the country's bank regulators launched a massive program to evaluate millions of foreclosure cases and compensate homeowners who fell victim to the banks' flawed or illegal practices. Regulators dubbed it the "Independent Foreclosure Review" to emphasize that the banks would not be making key decisions about loans they had made or serviced.
Foreclosure Fail: Study Pins Blame on Big Banks by Paul Kiel ProPublica Answers to homeowners' questions about the Independent Foreclosure Review.The administration's website for the foreclosure prevention program. Provides an FAQ,
A new video teaser for Occupy Wall Street's anniversary from Peter Menchini. Bring a copy of your student loans or mortgage to burn. September 17, 2012. 5pm 555 California St, San Francisco.
In 2008, the United States economy experienced a nearly unprecedented crisis, due to a perfect storm involving banking deregulation, complex derivatives, financial mismanagement, and larger systemic causes, including an inadequate
Sharpie parties: In the age of Facebook and Twitter, a new crime has hit America: "Sharpie parties," gatherings of revelers armed with "Sharpie" magic markers and lured by social media invitations to wreak havoc on foreclosed homes.