Investigating the Mortgage Crisis

http://www.commondreams.org/view/2009/10/29-0

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Attempt to Push Transparency for Mortgage Modifications Falls Short

Paul Kiel, ProPublica: "For months, housing advocates have complained that mortgage servicers are wrongfully denying homeowners' applications for the administration's $50 billion mortgage modification program. Last week, the Treasury Department took a step to address those concerns: For the first time, it issued guidelines requiring mortgage servicers to give homeowners details about why they've been denied. But the required disclosure will only be partial, and housing advocates say that means servicers' denials of loan modifications will still be shrouded in secrecy and protected from scrutiny."

http://www.truthout.org/topstories/111609vh02



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