Relevant:
- Utah mortgage workers face deadline
- Banks have right to levy foreclosure penalty on home loans:CCI
- Foreclosure Settlement Terms Sent to Banks by U.S. State, Federal Agencies
- Rules for Mortgage Servicers Are Criticized as Ineffective
- Florida Attorney General Launches Investigation into Foreclosure Mills Fraud
2010-10-21 — housingwire.com
"The Mortgage Bankers Association wants the Federal Housing Administration to revise the penalty structure for mortgage servicers who fail to begin foreclosure proceedings by the federal deadline.
MBA officials want the FHA to implement a "more equitable" penalty for missing the deadline to make it more attractive to service FHA loans."
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