Get in Touch

Get In Touch With Us!

Blog

Strong Enforcement Mechanism | National Mortgage Settlement

Tweet The success of a number of well-intentioned programs has been stalled by voluntary servicer participation and a lack of compliance oversight. The five national banks party to the settlement will be required to report compliance to an independent, outside monitor that reports to state attorneys general on a regular basis. State attorneys general and...


The success of a number of well-intentioned programs has been stalled by voluntary servicer participation and a lack of compliance oversight. The five national banks party to the settlement will be required to report compliance to an independent, outside monitor that reports to state attorneys general on a regular basis. State attorneys general and the U.S. Department of Justice can seek redress if the banks fail to follow the terms of the settlement.

No Comments

Add a comment

 


Go Top