TITLE

Servicers Dislike Terms but May Sign Order

AUTHOR(S)
Hopkins, Cheyenne; Muolo, Paul
PUB. DATE
May 2011
SOURCE
Mortgage Servicing News;May2011, Vol. 15 Issue 5, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
63191754

 

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