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: Eye on the BailoutReporting Matchmaker: Setting Up Home Loan Modification Applicants With Local Journalists
By ProPublica
Allow us to make an introduction: Homeowners, local journalists. Local journalists, homeowners. We’d like to set you up.
Since last May, nearly 800 struggling homeowners from all over the country have shared their stories with ProPublica about their efforts to get a loan modification through the federal program. With their help, we showed the incredible delays and frustrations applicants typically face: mortgage servicers have repeatedly lost documents, misinformed homeowners, and denied modifications for reasons that run contrary to the program’s guidelines. Among the 1.1 million homeowners who’ve begun the program’s trial stage, which is supposed to last three months, hundreds of thousands have waited in limbo for six months or more.
We have no doubt that there are many more important stories to be told. By any account, millions of homeowners are facing possible foreclosure. Although we read every homeowner’s story, we can only use a fraction in our coverage. That’s why we’re offering to set up our readers with local journalists (with the homeowner’s permission, of course). Often, the media can be the most effective recourse for homeowners who have nowhere else to turn.
We’re calling our service ProPublica’s Reporting Matchmaker. Here’s how it’ll work.
Full post as published by Eye on the Bailout on March 31, 2010 (boomark / email).
Whats a Home Loan Modification?
How to Qualify for a Home Loan Modification
Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act
House Closing
Sealing a home sale
The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation
Tanning Salon Defamation
WDIO-TV pays undisclosed settlement after reporting false information about a business owner.
Utilities Whistleblower
New Jersey Board of Public Utilities agrees to $485,000 fine for setting up a private bank account.
Wells Fargo Faces Loan Discrimination Class Action
Wells Fargo Faces Loan Discrimination Class Action
Aurora Loan Faces Class Action over Mortgage Review Services
Aurora Loan Faces Class Action over Mortgage Review Services
Student Loan Xpress Settles Class Action with Students
Student Loan Xpress Settles Class Action with Students
Americash Advance
Faces Class Action Over Loan Terms

Ex-Subprime Toxic Mortgage Peddlers Now Coming To The Rescue As Loan Modification Specialists
New law for home loan consultants poses hurdle
More Problems With Loan Modification Firms
Loan Modification Firms Stimulating the Economy
The Loan Modification Circus: Can Someone Put These Clowns Out of Business








