Tag: Columbia Business School
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Foreclosure Fail: Study Pins Blame on Big Banks
By Paul Kiel, ProPublica 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.
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