Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.
Thirteen institutions expected to also undertake loss mitigation efforts focused on foreclosure prevention in OCC/Fed settlement.
Credit unions have always been known for a keen awareness of the unique needs of their members.
Key Republicans on the House Financial Services Committee are concerned that the Obama administration’s proposed settlement with mortgage servicers could require the servicers to write down mortgage principles in certain cases.
Attorneys General in Connecticut, Illinois and Ohio have signaled their interest in looking into how large mortgage holders and servicers have been managing delinquent mortgages through foreclosure or modification.
Below is an excerpt from Glenn Beck's Fox News broadcast of Oct. 8.
Expressing concern over a call for a foreclosure moratorium and a state-run bank, the Michigan Credit Union League is jumping into the race for governor with an endorsement for the GOP candidate, Rick Snyder.