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Bank errors continue to cause wrongful foreclosures

Four years into the foreclosure crisis, banks say they’ve made major improvements in how they handle struggling homeowners. They’ve promised, for example, not to foreclose on homeowners who are being considered for mortgage modifications. But that’s still happening. Consider the cases of Laurie Pinkerton and Lisa Peterson. The two women,…

U.S. finally penalizes major banks for mortgage modification failures

The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules. The administration has long argued it has little power to do anything about it. But now, after millions of homeowners…

Foreclosures rise as Obama’s mortgage modification program falters

WASHINGTON – Two years after the start of President Barack Obama’s program to help struggling homeowners stay in their homes, millions of Americans remain far behind on their mortgage payments and are scrambling for other options. The Home Affordable Modification Program (or HAMP) seems to have had little success. CNN…

FDA won’t allow food to be labeled free of genetic modification: report

‘Extra labeling only confuses the consumer,’ biotech spokesman says That the Food and Drug Administration is opposed to labeling foods that are genetically modified is no surprise anymore, but a report in the Washington Post indicates the FDA won’t even allow food producers to label their foods as being free…

Obama wants to halt all home foreclosures prior to loan modification assistance

Across the United States, millions of homeowners struggle every month to keep making their mortgage payments. Many face foreclosure, even after they’ve pleaded with their creditors to work with them. But to many banks, a vacant home holds more profit potential than one with a family paying at a reduced…

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