national mortgage settlement
This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.
"Anytime an agency decides that an enforcement action is needed, but it is not willing to go to court, that agency should
Most of that aid has been distributed. Through the middle of 2013, JPMorgan forgave about $2.5 billion in first-lien homeowner
Wednesday's report from Monitor Smith offers an examination of whether banks are making good on their promise to the 49 states who entered the agreement. According to the parameters that Monitor Smith is using, the banks have complied with several but not all points.
If this is what reformed behavior looks like, the Justice Department and the state attorneys general who negotiated the agreement may need to go back to the drawing board in their efforts to police foreclosure abuse.
Talks are fluid and the legal language that would accompany a change is still being sorted out, officials said. Two would
Waters also called on the special inspector general for the Troubled Asset Relief Program, or SIGTARP, to investigate whether
Banks have also been less-than-stellar in providing another kind of relief in the deal touted by officials: Principal reduction
New York Attorney General Eric Schneiderman has privately criticized the Obama administration and the Department of Justice for not aggressively investigating dodgy mortgage deals that helped trigger the financial crisis, according to senators and congressional aides who met with him this month.
WASHINGTON -- New York Attorney General Eric Schneiderman has privately criticized the Obama administration and the Department