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“The agreements call on the banks to identify and compensate borrowers who suffered financial harm, though the details of how to do that have not been decided. The agencies also are requiring banks to provide a single point of contact for struggling borrowers who are trying to modify their loans and to stop pursuing foreclosures on mortgages that have been approved for modification.”
– AND JUST WHO, EXACTLY, MIGHT THOSE BORROWERS BE? WHAT A PATHETIC RESPONSE BY THESE SO-CALLED REGULATORS (BUT WHICH ARE REALLY TRADE ADVOCACY ORGANIZATIONS, OWNED BY THEIR MEMBERS.) I DON’T KNOW WHETHER TO LAUGH AT THE HUBROUS OF THE FINANCIAL/BANKING RULING ELITE OR VOMIT AT THE DEPTHS TO WHICH WE OUR ONCE GREAT NATION HAS SUNK.