John Walsh: Foreclosure settlement, consent orders do not conflict

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John Walsh: Foreclosure settlement, consent orders do not conflict

John Walsh: Foreclosure settlement, consent orders do not conflict

Lets not confuse the word “Flaw” with “Fraud”…There is a major difference!

HW-

John Walsh, acting Comptroller of the Currency, said the recent $25 billion mortgage servicing settlement reached between the big banks and state attorneys general does not conflict or double-up on requirements servicers have to follow in consent agreements banks signed with the OCC and other regulators last year. 

In 2010, regulators, including the OCC, examined 14 large federally regulated mortgage servicers and thrifts.

Last year, the agencies issued enforcement orders against all 14 institutions forcing them to take steps to review their foreclosure review processes and to offer aid to borrowers who suffered from flawed foreclosure practices.

[HOUSING WIRE]

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One Response to “John Walsh: Foreclosure settlement, consent orders do not conflict”

  1. angry& NOT TAKING IT! says:

    what is flawed , is the regulatory oversight [lack thereof] & the gov complicit actions[lack thereof] & walsh’s explanation of the foreclosure process, try fraudulent criminal felonious with a bit of treason for a flawed bad measure.. CLOWNS!

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