WOW…imagine this headline….THE BANKS ARE STILL SCREWING THE TAXPAYERS THAT BAILED THEM OUT!
PROBABLY SHOULD SEND PEOPLE INTO THE STREETS…HUH?
The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financial institutions.
While the report does not specifically name any companies, the agency’s oversight authority includes all of the largest mortgage companies in the country, as well as smaller specialty operators.
In February 2012, the five largest mortgage servicing companies inked a $25 billion settlement with state and federal law enforcement agencies over persistent problems with mortgage documentation in the foreclosure process.
[advanced-iframe securitykey=”a89b984039fb3b09578b3059dd44d761a319ccc0″ src=”https://www.huffingtonpost.com/2013/08/21/mortgage-abuses-foreclosure_n_3791448.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications” width=”1000″]
