Servicing

Darrell Issa joins push on foreclosure review

Democrats and consumer advocates pushing federal banking regulators to release more details about an abandoned review of past foreclosure abuses have a new ally: Darrell Issa, Politco reports.

Congressional Democrats, led by Massachusetts Sen. Elizabeth Warren and Maryland Rep. Elijah Cummings , have raised questions about why the reviews were scrapped in January in favor of a $9.3 billion settlement the Federal Reserve and the Office of the Comptroller of the Currency struck with 13 mortgage servicers, many of them large U.S. banks. The deal is intended to provide relief to homeowners who might have been harmed when banks took shortcuts in the foreclosure process in 2009 and 2010 — the so-called robo-signing scandal.

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please