Account
Caylin Crawford found herself out of work after a snowboarding accident and went to U.S. Bank for some help with her mortgage.The 24-year-old homeowner said she was up-to-date on her monthly payments in January 2011 when she called to ask about loan-modification options."They said, 'We can't do anything to help you unless you are behind on your mortgage," she recalled. "'So stop paying, and then we can modify your loan.'"Ms. Crawford said she took the bank's advice. But the bank didn't modify her loan. Instead, it foreclosed on her home.Ms. Crawford has sued the bank as well as the Federal Home Loan Mortgage Corp., or Freddie Mac (FMCC), in a federal district court in Minneapolis, alleging wrongful foreclosure. U.S. Bank services the loan, and Freddie Mac holds the note. She said she is now in settlement discussions with Freddie Mac."I only owed $28,000 on my house when they foreclosed," Ms. Crawford said in a telephone interview. "They've probably spent $60,000 defending their foreclo...
Former Clinton advisor Doug Schoen and former Representative John LeBoutillier on what Governor Romney needs to do to catch up to President Obama in the polls.
Former Clinton advisor Doug Schoen and former New York Congressman John Leboutillier on President Obama’s business comments and the Romney campaign.
Mortgage lenders and consumer groups have launched at frenzied round of lobbying over one of the major issues financial regulators face from the 2008 financial crisi...
The U.S. government and 49 states filed a $25 billion settlement of alleged foreclosure abuses in federal court on Monday, capping a year of negotiations with five m...
Housing and Urban Development Secretary Shaun Donovan on the Administration’s efforts to help the housing market.
HUD Secretary Shaun Donovan on record mortgage settlement
Winding down Fannie and Freddie Mac.
-Bond investors wary of steeper losses as banks implement settlement-HUD says assertion that banks would use investor money is "just false."-Banks may keep foreclosu...
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President addresses housing settlement
The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal ...
The mortgage foreclosure settlement looks to be in the final stages of being negotiated and an announcement could come as soon as Thursday morning, sources close to ...
Sen. Richard Shelby, (R-Ala.), on efforts to avoid the fiscal cliff and the FHA’s rising debt.
FBN's Peter Barnes on the FHA posting a $16.3B deficit and possibly needing a bailout.
AEI resident scholar Ed Pinto on the FHA's massive $16.3 billion deficit.
The U.S. Federal Housing Administration is facing likely losses that will swamp its capital and fuel a $16.3 billion deficit, but the Obama administration plans to t...
FNC Video
One of the U.S. government's largest mortgage aid programs will suspend foreclosures for 90 days in areas affected by megastorm Sandy, U.S. Housing and Urban Develop...
FBN’s Lou Dobbs on the President’s Cabinet members.
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