Letter | Michigan AG questions banks compliance with national mortgage settlement

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Letter | Michigan AG questions banks compliance with national mortgage settlement

Letter | Michigan AG questions banks compliance with national mortgage settlement

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Michigan Attorney General Bill Schuette sent a letter to Joseph Smith, head of the Office of Mortgage Settlement Oversight, identifying areas where banks are still falling short of meeting terms of the National Mortgage Settlement.

The $25 billion settlement required the nation’s largest mortgage servicers to pay for foreclosure relief efforts, compensate borrowers and follow a series of servicing guidelines that banned certain practices, including dual-tracking.

[HOUSING WIRE]

[ipaper docId=140897282 access_key=key-ihr5i75ismhvllog98f height=600 width=600 /]

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