Report: Banks aren't complying with mortgage settlement terms

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Report: Banks aren’t complying with mortgage settlement terms

Report: Banks aren’t complying with mortgage settlement terms

Not like any regulator gives a s*it. So why should the banks.

Free passes over and over. Idiots on both sides.


LA TIMES-

Banks aren’t living up to pledges they made as part of a $26-billion settlement of government investigations into mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers.

The survey, the ninth in a series conducted by the California Reinvestment Coalition, also found that providers of mortgage customer service are in violation of consumer-protection provisions in the California Homeowners Bill of Rights.

“Servicers continue to harm California families and neighborhoods, and aggravate the state’s economic recovery,” Kevin Stein, the CRC’s associate director, said in releasing the survey Wednesday.

[LA TIMES]

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2 Responses to “Report: Banks aren’t complying with mortgage settlement terms”

  1. Sarah says:

    The “settlement” was a bailout, in other words, since no Bankster was prosecuted what was there to deter crime that they were allowed to just “settle” for? This is the LA Times of course, where you need to suspend disbelief when reading and think that the “settlement” was the Gov’mint somehow taking action against an outlaw industry.
    They’ll continue to do what no one has stopped them from doing.

  2. JIMI says:

    no news here all banks violate the agreement from the time they “sign’ it. just look at the crooks of bank of america that
    foreclosing on behalf of “trustees” and so called “trusts” that dont exist anymore, and look at the judges that look the other way at this fraud and award them homes that dont belong to them .this is happening today in all over america courets, and everyone looks the other way.

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