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Loan Modification
: Mortgage Lender Implode-o-MeterAt Hearing, Lawmakers Ask Experts for Foreclosure Crisis Solutions
By Implode-Explode Heavy Industries
At yesterday?s Senate Banking Committee hearing, three experts in the law?a state attorney general, a legal services attorney, and a law professor?agreed on this about the mortgage servicing industry: The problems aren?t just technical, and they aren?t just with robo-signing.
For the banks to characterize the situation in such simplified terms ?shows a certain type of arrogance,? said Iowa Attorney General Tom Miller, the point man for a 50-state investigation into flawed foreclosure practices.
Full post as published by Mortgage Lender Implode-o-Meter on November 18, 2010 (boomark / email).
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