The nation’s largest mortgage servicers have distributed $26.1 billion in direct relief to nearly 310,000 homeowners, or roughly $84,385 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. See our press release today and [...]
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A recent article by the Huffington Post’s Peter Goodman showed how one homeowner from the Bronx has continued to struggle to save her home because of the outrageous treatment she’s received at the hands of the bank that services her loan. Reporting with painstaking detail the obstacles Bank of America has thrown up as Katie [...]
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We’ve heard the stories – financial institutions or their employees violate the public trust and engage in practices that both harm the mortgage markets and consumers who depend on them for their homes. These stories inflame our sense of right and wrong and they leave us wondering, who’s holding the mortgage industry to account? Well, [...]
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