Elizabeth Warren WIH

The national mortgage servicing settlement was supposed to put banking and financial services issues to rest, but that wasn’t enough for senator Elizabeth Warren, D-Mass. Sen. Warren sent a letter to Attorney General Eric Holder in the middle of the year, accusing the settlement’s creators of failing to acknowledge lingering problems within financial firms.

That letter highlights the strategy of the CFPB architect to keep the pressure on mortgage lenders and servicers. In the letter, obtained by HousingWire, Warren pretty much has a problem with the entire mortgage settlement.

Warren objects to both nuances and ideology of the settlement, especially in regard to the Federal Housing Administration’s struggling monetary health. “Although this settlement took place more than a year ago, FHA still has not regained its financial footing,” the letter states. Warren wants more blood.

“I am concerned that this might be yet another example of the federal government’s timid enforcement strategy against the nation’s largest financial institutions,” Warren wrote. Holder no doubt read the letter and responded, which landed Elizabeth Warren on this year’s list. Warren also strongly supported recent changes at FHA.

As of September, FHA’s updated modification policy will allow income not related to employment to be counted toward loan modification eligibility, including personal retirement accounts, Social Security benefits or survivor benefits, disability benefits or Social Security Disability Insurance, veterans’ benefits, and alimony or child support.

Warren announced: “I applaud Commissioner [Carol] Galante and the FHA for making this change, which is good for families and will help make the FHA’s loss mitigation program more effective.”

Click below to read about each of this year's 2013 Influential Women in Housing Finance:

Amy Brandt, Prospect Mortgage | Angela Cheek, Ellie Mae | Cari McCue, Guardian Mortgage | Deborah Jenkins, Freddie Mac | Dianna Serio, CoreLogic | Elsa Lewis, Williams & Williams Worldwide Real Estate Auction | Laurie Pyle, Stewart Lender Services | Lisa Binkley, Platinum Data Solutions | Maxine Waters, D-Calif. | Pamela Hughes-Patenaude, Bipartisan Policy Center | Renee Deane, Carrington Property Services | Shana Lakso, Equator | Tanya Reu, Realogy Franchise Group | Toni Moss, Americatalyst | Vicki Beal, Clayton Holdings | Debra Still, Pulte Financial Services | Elizabeth Warren, D-Mass. | Janet Yellen, U.S. Federal Reserve | Joy Cianci, Fannie Mae | Laurie Maggiano, Consumer Financial Protection Bureau