Treasury spokeswoman Meg Reilly announced Saturday that the Obama administration plans to step up their efforts to pressure mortgage companies receiving government bailout funds to modify loans and keep homeowners from defaulting. Along with slowing payments to uncooperative mortgage lender ... More >>
Forty-one people in the New York area were arrested today, charged by U.S. Attorneys in connection with mortgage fraud schemes totaling $64 million dollars -- one of the biggest such sweeps ever. The alleged scam artists profited off the housing crisis by running fraudulent foreclosure rescue oper ... More >>
It wasn't your overdue mortgage.
The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>
How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis