Resource Center

Stories

The IRE Resource Center is a major research library containing more than 26,000 investigative stories.

Most of our stories are not available for download but can be easily ordered by contacting the Resource Center directly at 573-882-3364573-882-3364  or rescntr@ire.org where a researcher can help you pinpoint what you need.



Search results for "Mortgage" ...

  • 40 Million Mistakes

    60 MINUTES SET-OUT TO INVESTIGATE THE CONSUMER CREDIT REPORTING INDUSTRY, A FOUR-BILLION-DOLLAR-A-YEAR INDUSTRY WHICH KEEPS FILES ON 200 MILLION AMERICANS AND TRAFFICS IN OUR FINANCIAL REPUTATIONS. THE CREDIT REPORTING AGENCIES COLLECT DATA ABOUT CONSUMERS FROM CREDIT CARD COMPANIES, BANKS, CAR DEALERSHIPS, COLLECTION AGENCIES, AND COURT RECORDS; THEY COLLATE THE DATA AND CREATE CREDIT REPORTS WHICH THEY SELL TO BUSINESSES THAT USE THE REPORTS TO JUDGE OUR CREDITWORTHINESS AND RELIABILITY. AN ERROR ON A CREDIT REPORT CAN COST CONSUMERS A LOT OF MONEY AND A LOT OF HARDSHIP; AN ERROR CAN INCREASE THE INTEREST RATE ON LOANS, PREVENT SOMEONE FROM GETTING A MORTGAGE OR BUYING A CAR, LANDING A JOB OR GAINING SECURITY CLEARANCE.

    Tags: credit report

    By Jeff Fager

    60 Minutes

    2013

  • Habitat for Humanity Harsh Reality

    The News-Press investigative reporter Melanie Payne learned that Habitat for Humanity of Lee and Hendry Counties had foreclosed on more than 100 homes in the last decade - 10 percent of the total homes it had built for low-income families in Southwest Florida. This conflicted with Habitat's reports of a foreclosure rate of less than 2 percent. A look at the financials showed that many homes were priced at over $150,000 and some as much as $230,000, and were sold to people earning less than $20,000 a year. In addition, the CEO was paid at a rate comparable to Habitat CEOs in major metropolitan areas. She had a total compensation package of nearly $180,000 - about $50,000 more than counterparts in bigger communities. The complicated financing and the group's resistance to any mortgage modification was found to contribute to the high foreclosure. This challenged the notion of Habitat being of service to low-income residents who couldn't afford a home any other way.

    Tags: Habitat for Humanity; foreclosure

    By Melanie Payne

    News-Press (Fort Myers, Fla.)

    2013

  • NC superintendents’ contracts packed with perks

    I requested the contracts of all 115 public school superintendents in North Carolina and found that their six-figure salaries aren’t the only way they are compensated. Many receive thousands of dollars in bonuses each year, and some get special perks, such as cars, gym memberships, money for mortgage payments and extra vacation time. The contracts also revealed the lengths school boards were willing to go to get or keep a superintendent, including one school system that agreed to provide its new leader with a house and install a nearly $4,300 fence for her dogs – paid for with taxpayer money.

    Tags: education; contracts; benefits; taxpayer money

    By Kelly Hinchchliffe

    WRAL-TV (Raleigh, N.C.)

    2013

  • 40 Million Mistakes

    60 Minutes set-out to investigate the consumer credit reporting industry, a four-billion-dollar-a-year industry which keeps files in our financial reputations. The credit reporting agencies collect data about consumers from credit card companies, banks, car dealerships, collection agencies and court records; they collate the data and create credit reports which they sell to businesses that use the reports to judge our creditworthiness and reliability. An error on a credit report can cost consumers a lot of money and a lot of hardship; an error can increase the interest rate on loans; prevent someone from getting a mortgage or buying a car, landing a job or gaining security clearance.

    Tags: credit score; credit rating; credit; loans; mortgage; finance

    By Jeff Fager; Bill Owens; Steve Kroft; James Jacoby; Michael Karzis; Matthew Lev

    CBS News 60 Minutes

    2013

  • Foreclosure Crisis

    The reporters reveal the underlying flaws in a public-private debacle involving the Obama administration's program that depended on the good faith of mortgage servicers.

    Tags: mortgage; foreclosure; housing market; home

    By Paul Kiel; Olga Pierce

    ProPublica

    2011

  • The Great Mortgage Cover-Up

    These stories reveal one of the hidden causes of the financial crisis- how corporate codes of silence helped lenders to flood the nation with toxic mortgages. They document evidence that major banks and lenders systematically muzzled whistle blowers who tried to fight against forged documents, falsified appraisals, and other frauds in the mortgage industry.

    Tags: financial crisis; mortgages; forged documents; crisis

    By Michael Hudson

    The Center For Public Integrity

    2011

  • 60 Minutes: Sovereign Citizens

    The first major television report on Sovereign Citizens, an anti-government movement with as many as 300,000 adherents in the United States. With the sluggish economy and mortgage crisis, their numbers are growing. The FBI lists Sovereign Citizens as one of the top domestic threats.

    Tags: sovereign citizens; anti government; domestic threat; FBI

    By Jeff Fager; Bill Owens; Claudia Weinstein; Byron Pitts

    CBS News West 57th Street

    2011

  • Grave Mistakes

    An investigation showing how the database of deceased Americans created in 1980 under the Freedom of Information Act accidentally lists thousands of Americans as deceased, suffering frozen bank accounts, refused credit cards, denied student and mortgage loans, or arrests for suspected identity theft. It also exposes how identity thieves have learned to use the filed to commit numerous acts of identity theft for tax fraud.

    Tags: identity theft; deceased; federal records; tax fraud

    By Thomas Hargrove; Isaac Wolf; Lee Bowman

    Scripps Howard News Service

    2011

  • All the Devils are Here: The Hidden Story of the Financial Crisis

    The book attempts to explore all the various forces -- on Main Street; Washington; and Wall Street -- that led to the financial crisis of 2008.

    Tags: Wall Street; financial crisis; lending; subprime mortgage

    By Bethany McLean; Joe Nocera

    Penguin Group (New York, N.Y.)

    2010

  • The Monster How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America -- and Spawned a Glboal Crisis

    "The Monster" investigates the history of the subprime mortgage business by unraveling the corporate histories of the industry's two most important players, Ameriquest and Lehman Brothers. The book documents the widespread fraud and law-breaking that were largely to blame for the financial system's meltdown.

    Tags: Lehman Brothers; Ameriquest; subprime mortgage; lender

    By Michael W. Hudson

    Times Books

    2010