National Mortgage Settlement Expires In 2015, Banks Battling To Keep Reforms From Becoming Permanent

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National Mortgage Settlement Expires In 2015, Banks Battling To Keep Reforms From Becoming Permanent

National Mortgage Settlement Expires In 2015, Banks Battling To Keep Reforms From Becoming Permanent

Just more proof that our regulators are corrupted and given this, we must stop using these banks.

Watching the AG’s come and say things like “We need to make this permanent”, is nothing but continue to play it out…they had the opportunity to stop them with the massive fraud, instead they gave them a “FREE” get out of jail pass.

Don’t buy it any longer that they are trying or that they are going to. It’s all nonsense at this point in the fraud game.

HuffPO-

The promises made by five of the nation’s largest banks under the much-ballyhooed $25 billion mortgage settlement have a surprisingly short shelf life.

Under the deal struck in February, Bank of America, Wells Fargo, Citigroup, JPMorgan Chase and Ally Financial pledged to stop the illegal practices that sparked false documentation and “robo-signing,” which helped push many homeowners into foreclosure and caused endless headaches for millions of other borrowers.

But the legal agreements among the banks, and the states and federal government hold for only three-and-a-half years; the pledge runs out in 2015. Now many of these banks are battling California Attorney General Kamala Harris over her push to make permanent some of the settlement’s most important “servicing standard” reforms by writing them into state law.

[HUFFINGTON POST]

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2 Responses to “National Mortgage Settlement Expires In 2015, Banks Battling To Keep Reforms From Becoming Permanent”

  1. DOMINIC CODIO says:

    The real mess will come in the future when homeowners and/or commercial building landlords find out that they cannot sell their properties because of a broken chain of title, created by the illegal transferring of notes and mortgages by their own mortgagees!!!!

  2. DOMINIC CODIO says:

    If it wasn’t for blogs and jurists who really care about jurisprudence, foreclosures would be doubled in this country. Dominic Codio-Dominic Codio.

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