May 2nd 2013 8:00AM
Despite a $3.6 billion foreclosure settlement that had banks sending checks (some of which bounced) to wronged homeowners, many saw the payouts as a Band-Aid on a bullet wound. According to Salon, 679 homeowners who faced foreclosure -- even though they were never once in default -- got checks for just $5,000, while... Continue Reading »
May 24th 2012 11:50AM
Marking the latest attempt to boost participation in a somewhat neglected foreclosure review program, the Federal Reserve recently released a video that explains the program. Announced during settlement negotiations between the government and mortgage servicers over foreclosure abuses, the Office of the Comptroller of... Continue Reading »
Nov 23rd 2011 9:53AM
By Loren Berlin The Office of the Comptroller of the Currency issued a report Tuesday naming the independent auditors who they've assigned to review the files of Americans who may have been mistreated during recent foreclosure proceedings. But the announcement set off a firestorm of criticism from consumer advocates, who... Continue Reading »
Nov 18th 2010 10:34AM
Federal regulators are probing possible problems in a private company's electronic processing of foreclosure documents. They are looking into the methods of the Mortgage Electronic Registration System, which tracks mortgage loan ownership and servicing rights. MERS is being investigated by the Office of the Comptroller of... Continue Reading »
Mar 22nd 2010 3:32PM
Where were you when the housing bubble was building to crisis proportions? Some government regulators were counting their bonuses, it appears. The Associated Press, which filed a Freedom of Information Act request to obtain government payroll data, found that during the boom years of 2003 - 2006, as the crisis was being... Continue Reading »
