LETTER | Cummings and Warren Request Investigation into Non-Bank Mortgage Servicing Industry

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LETTER | Cummings and Warren Request Investigation into Non-Bank Mortgage Servicing Industry

LETTER | Cummings and Warren Request Investigation into Non-Bank Mortgage Servicing Industry

Washington, DC – Today, Rep. Elijah E. Cummings, top Democrat on the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren, member of the Senate Committee on Banking, Housing and Urban Affairs, called on the Government Accountability Office (GAO) to investigate threats to consumers arising from the growth in non-bank mortgage servicing. In their letter to U.S. Comptroller General Gene Dodaro, Cummings and Warren noted that as the non-bank share of the mortgage servicing market grew by 300% from 2011 to 2013, lack of servicing capacity at non-bank servicers led to increased consumer complaints and lawsuits.

For the full release and letter, visit the Committee on Oversight and Government Reform Democrats’ website here.

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One Response to “LETTER | Cummings and Warren Request Investigation into Non-Bank Mortgage Servicing Industry”

  1. Charles Reed says:

    Another letter? When do we get result from these letters?

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