Mortgage settlements in jeopardy -- Bill killing them moves quietly

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Mortgage settlements in jeopardy — Bill killing them moves quietly

Mortgage settlements in jeopardy — Bill killing them moves quietly

Journal Gazette-

Remember back in the grim days of the mortgage foreclosure crisis? Back when consumers in trouble on their mortgages told horror stories about their inability to reach a live human being at their bank? Back when borrowers would have to fax forms to Wichita on one day and Cleveland the next?

Well, if a proposed piece of legislation working its way through the Indiana House of Representatives is passed as it stands, Hoosier borrowers might find themselves right back there.

Tucked inside Senate Bill 415, on Page 55 of a 104-page bill, is a paragraph repealing language from state code that created, back in 2009, the practice of mortgage settlement conferences for troubled borrowers facing foreclosure.

[JOURNAL GAZETTE]

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One Response to “Mortgage settlements in jeopardy — Bill killing them moves quietly”

  1. crittermom says:

    Just back to business as usual for the banks, it seems.
    Of course they don’t want something in play that would benefit the homeowners, so apparently they’ve bought out yet another legislator to hurt the homeowners & repeal a former bill that helped them. REPEAL seems to be what the banks & those they’ve bought do best. Buzzword of the year, right?
    I’m bettin’ whomever introduced that bill in there has a nice cushy bank job waiting for ’em!
    THIS HAS GOT TO END, PEOPLE!!!

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