Relevant:
- The Care Bair -- FDIC's Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements
- Bair Invites CMSA Input on CMBS Revival
- How About We Lock Bair Up?
- Bair Said to Be Top Pick for Foreclosure Deal Monitor Post She Turned Down
- FDIC Moves to Increase Deposit Insurance Coverage for Servicers
2011-01-19 — mortgagenewsdaily.com
"Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair called today for a "foreclosure claims commission" to address complaints from homeowners who have been harmed by flaws in the foreclosure process. This was one of several improvements suggested by Bair, an outspoken critic of the servicing industry, at a "summit" on Mortgage Servicing for the 21st Century sponsored by the Mortgage Bankers Association (MBA)."
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