BofA Supplied Default Answers for ‘Independent’ Foreclosure Claims Reviewers

Paul Kiel, ProPublica The Independent Foreclosure Review is the government’s main effort to compensate homeowners for harm they suffered at the hands of banks — and, as its name indicates, it’s supposed to be independent. But until recently, that was hardly the case with Bank of America. Supposedly independent, third-party reviewers would sit at a […]

Why Freddie Mac Resisted Refis

Jesse Eisinger, ProPublica Freddie Mac, the taxpayer-owned mortgage giant, made it harder for millions of Americans to refinance their high-interest-rate mortgages for fear it would cut into company profits, present and former Freddie Mac officials disclosed in recent interviews. In closed door meetings, two Republican-leaning board members and at least one executive resisted a mass […]

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