Oct 7th 2011 4:40PM
Lori Macakanja, a former housing counselor in Dunkirk, N.Y., pleaded guilty this week to mail fraud and theft of government money meant for modifying delinquent mortgages. Some 136 clients of her company, HomeFront Inc., gave Macakanja a combined $300,000 for promised modifications. She used the money for her own use,... Continue Reading »
Sep 26th 2011 11:10AM
The calls started last November. Speaking in Spanish, a representative from New Century Solutions in Lake Forest, Calif., pitched Jose Chirino to purchase a forensic loan audit. For $2,995, the representative said, an audit could help the San Jose, Calif., homeowner get a much-desired loan modification and principal... Continue Reading »
Sep 8th 2011 4:00PM
Kate Hanni is no stranger to public advocacy. After she was trapped in a plane on the tarmac for more than nine hours, she formed Flyers Rights, the largest nonprofit advocacy group for airline passengers' rights. The result was the passage of the Airline Passengers Bill of Rights and the three-hour tarmac-delay limit for... Continue Reading »
Sep 2nd 2011 9:00AM
The Obama administration announced more disappointing numbers for its signature anti-foreclosure initiative and said Thursday that it would continue to withhold payments from two banks running the program. Just 14,000 homeowners received trial modifications under the Home Affordable Modification Program in July, the... Continue Reading »
Aug 9th 2011 12:30PM
WASHINGTON -- Fewer homeowners entered preliminary mortgage modifications under the Obama administration's signature foreclosure prevention initiative in June than in any month since April 2009, according to government data released Friday. June saw just 15,000 new trial modifications under the initiative, which the... Continue Reading »
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