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Editorial Results (free)
1. Regulators Sue Ocwen Financial, Say It Mishandled Mortgages
- Friday, April 21, 2017
NEW YORK (AP) – State and federal authorities have sued mortgage servicer Ocwen Financial Corp., saying the company botched the handling of millions of mortgage accounts. The action sent Ocwen's shares plunging about 50 percent.
2. US Gov't to Extend and Expand Foreclosure Program
- Monday, January 30, 2012
WASHINGTON (AP) – The Obama administration said Friday that will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes.
3. Goldman to Stop Controversial Mortgage Practices
- Friday, September 2, 2011
NEW YORK (AP) – Goldman Sachs' mortgage subsidiary agreed Thursday to stop many of its controversial mortgage-related practices in a settlement with a New York state banking regulator.
4. JPMorgan, BofA Take Heat for Foreclosure Program
- Friday, September 2, 2011
WASHINGTON (AP) – Two of the nation's largest mortgage lenders are not doing enough to help Americans avoid foreclosure, the Obama administration said Thursday.
The Treasury Department said that Bank of America and JPMorgan Chase & Co. have done a poor job helping people permanently lower their mortgage payments as part of the government's signature foreclosure-prevention program. The lenders have rejected people who were eligible for mortgage modifications, Treasury said.
5. Gov't Faults 3 Lenders Over Mortgage-Aid Efforts
- Friday, June 10, 2011
WASHINGTON (AP) – The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they've done little to help people at risk of losing their homes.
6. Gov't Eases Paperwork for Loan Help Program
- Friday, January 29, 2010
WASHINGTON (AP) - Homeowners seeking relief under the Obama administration's mortgage aid program will be required to provide proof of their incomes upfront, a significant reversal for the problem-plagued effort to stem the foreclosure crisis.
7. Gov't Increases Pressure on Mortgage Industry
- Tuesday, December 1, 2009
WASHINGTON (AP) - Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes.