Relevant:
- Three state AGs object to proposed mortgage pact
- At Hearing, Lawmakers Ask Experts for Foreclosure Crisis Solutions
- AGs Pressuring Regionals to Accept Mortgage Settlement
- Foreclosure Windfall May Help U.S. States Prop Up Budgets, Tear Down Homes
- Borrowers to get $8.5 billion in foreclosure and mortgage settlement
2011-03-06 — bloomberg.com
Federal agencies and state attorneys general submitted to banks a proposal for resolving an investigation of foreclosure practices and mortgage servicing while continuing to talk about monetary penalties they will seek.
The 27-page document given March 3 to mortgage-servicers seeks “a binding legal requirement†for how they service loans and conduct home foreclosures, Geoff Greenwood, a spokesman for Iowa Attorney General Tom Miller, said yesterday in a telephone interview.
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