Republicans Object to Mortgage Settlement Proposal

House Republicans on Wednesday raised numerous objections to a draft proposal by state attorneys general to settle allegations that mortgage companies broke state laws when handling foreclosures.

In a letter being sent to Treasury Secretary Timothy Geithner on Wednesday, the lawmakers said they have “significant concerns” about the settlement proposal, floated to banks last week by state attorneys general and several regulators.

Last week, state attorneys general and federal agencies delivered a 27-page proposed set of rules that would reshape the way mortgage servicers deal with troubled borrowers.

Click HERE for Full Article | Wall Street Journal

Advertisements

About sikoralaw

Sikora Law has operations in Michigan and Ohio. With a network of attorney relationships in multiple states, we combine the friendly familiarity of a small firm with the institutional knowledge and capabilities generally only found at a large firm. Sikora Law has the resources to deal with your situation with the right lawyer – or the right team of lawyers – and provide reliable, comprehensive, and responsive legal representation . We combine experience, creativity, and technology to efficiently and effectively protect our clients' interests and meet their goals.
This entry was posted in Mortgage Industry and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s