Servicers Dislike Terms but May Sign Order

Hopkins, Cheyenne; Muolo, Paul
May 2011
Mortgage Servicing News;May2011, Vol. 15 Issue 5, p1
The article reports on the 27-page list of demands of the 50 state attorneys general and several federal agencies to the five mortgage servicers in the U.S. in 2011. It notes that the megaservicers have approved to sign a modified consent order with federal regulators. It also offers information on the original consent order document, noting that it would be a binding legal contract between the servicer and its federal bank regulator.


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