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Secret Docs Show Foreclosure Watchdog Doesn’t Bark or Bite

October 5, 2011 --

Documents obtained by ProPublica suggest the government coddled mortgage servicers in its flagship foreclosure prevention program despite frequent and serious errors.

Chase denied loan modifications for now-forbidden reason

Chase denied loan modifications for now-forbidden reason
February 6, 2010 --

Chase Home Finance has rejected some mortgage modifications because it considered the homeowners’ hardships to be temporary. The Treasury Department has since barred that practice, but those homeowners are left struggling to avoid foreclosure.