Paul Kiel appears in the following:
'Colossus,' Audits & What to Expect for Taxes in 2019
Wednesday, December 19, 2018
Details of the Government Foreclosure Deal
Monday, April 15, 2013
As the government's largest effort to compensate victims of the banks' foreclosure practices comes to a close, ProPublica's Paul Kiel reports that it won't be much of an ending: roughly 3 million borrowers will receive no more than $500. He goes into the history of robo-signing and other aggressive practices that caused homeowners who weren’t behind on their mortgage payments to face foreclosure. His latest article is "For Most Homeowners, Gov’t Foreclosure Deal Brings A Few Hundred Bucks."
What the Mortgage Settlement Means for the Housing Market
Friday, February 10, 2012
On Thursday the government approved a $26 billion settlement for homeowners who’ve been foreclosed upon or are currently at risk. Approximately two million Americans will get a $1,800 settlement check, which is a lot of people but not a whole lot of money: the Joint Economic Committee of Congress found that the average foreclosure in 2008 cost $7,200. This money also won't cover losses accrued by local governments who lost tax revenue, or neighbors whose own property values fell.