Banks to meet with state, federal officials over foreclosure fraud deal

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Banks to meet with state, federal officials over foreclosure fraud deal

Banks to meet with state, federal officials over foreclosure fraud deal

Knowledge will forever govern ignorance, and a people who mean to be their own governors, must arm themselves with the power which knowledge gives – James Madison

 

WaPO-

State and federal officials on Friday were again to meet with representatives of the nation’s largest banks, trying to finalize a much-anticipated settlement over shoddy foreclosure practices that remains elusive a year after the abuses first garnered national attention.

People familiar with the negotiations said the session in Washington would center around how broad a release from future liability banks should receive in exchange for agreeing to overhaul their mortgage servicing practices and paying billions of dollars in penalties.

[WASHINGTON POST]

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One Response to “Banks to meet with state, federal officials over foreclosure fraud deal”

  1. Please do NOT settle to soon, I have waited more than 2 years for help and I believe more is yet to be uncovered by Homeowners crying over predatory lending as one example. MERS and recording practices.Banks servicing mortgages have lied and did whatever was necessary to have all the documents sign & notarized,in my case 4 years after the closing.
    We are the last wrung on the ladder or they just want to sweep up under the carpet. Get the idea?

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