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In Mortgages, Students

is an independent, non-profit newsroom that produces investigative journalism in the public interest.

Unraveling the Freddie-Fannie Tangle

Mortgages

Unraveling the Freddie-Fannie Tangle

Unraveling the Freddie-Fannie Tangle

In the aftermath of the financial crisis, American taxpayers poured $187.5 billion into two huge but poorly understood companies: Freddie Mac and Fannie Mae…

Foreclosure Fail: Study Pins Blame on Big Banks

Mortgages

Foreclosure Fail: Study Pins Blame on Big Banks

Foreclosure Fail: Study Pins Blame on Big Banks

Over the past several years, we’ve reported extensively on the big banks’ foreclosure failings. As a result of banks’ disorganization and understaffing — particularly at the peak of the crisis in 2009 and 2010 — homeowners were often forced to run a gauntlet of confusion, delays, and errors when seeking a mortgage modification.