Paul Kiel - ProPublica Gravatar

Paul Kiel - ProPublica

In Mortgages, Personal Loans

Paul Kiel’s coverage of the foreclosure crisis at ProPublica won a 2011 Scripps Howard Award for business/economics reporting and a Best in Business award from the Society of American Business Editors and Writers. He’s produced stories for the Washington Post, USA Today, Slate, and American Public Media’s Marketplace, among others.

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

Mortgages

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

The Independent Foreclosure Review was supposed to be a full and fair investigation of the big banks’ foreclosure abuses, and it was trumpeted as the government’s largest effort to compensate victimized homeowners. Federal regulators, who designed the review, forced banks to spend billions to carry it out. Millions of homeowners were eligible and hundreds of… Read More

Is BofA’s Foreclosure Review Really Independent?

Mortgages

Is BofA’s Foreclosure Review Really Independent?

Is BofA’s Foreclosure Review Really Independent?

Late last year, the country’s bank regulators launched a massive program to evaluate millions of foreclosure cases and compensate homeowners who fell victim to the banks’ flawed or illegal practices. Regulators dubbed it the “Independent Foreclosure Review” to emphasize that the banks would not be making key decisions about loans they had made or serviced…. Read More