Annual Washington Post Bucket Event 2010

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Kenna V. Whitley is the daughter of Mr. and Mrs. Whitley. Ida Mae and... News PhotoBestof,Chicago - Illinois,Daughter,Females,Horizontal,Human Interest,Illinois,Topics,Topix,USAPhotographer Collection: The Washington Post 2011 The Washington PostCHICAGO, IL- MAY 22: Kenna V. Whitley is the daughter of Mr. and Mrs. Whitley. Ida Mae and Clyde Whitley had basically everything go wrong for them. Ida Mae and Clyde Whitley had basically everything go wrong for them. Ida Mae had a credit score of 696 and had never owned a home until 2006, when they got swept up in the worst parts of the housing bubble. In a lawsuit, they say they worked with a mortgage broker who falsified their income and other financial documents in order to approve them for a home they could not afford. In addition, the value of the home was falsely inflated by an appraiser who was working with the mortgage company. They got roped into a 2/28 loan (interest rate reset after the first two years), and actually had two different liens on their house. (Photo by Carlos Javier Ortiz for The Washington Post)