Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

Loan Modification

: Mortgage Lender Implode-o-Meter

Federal Regulators to Bring Enforcement Actions Against Banks? May Get Rid of Hot Towels in Washroom

By Implode-Explode Heavy Industries

``The federal regulators have said that they hope the enforcement orders have the effect of sending a message to the rest of the servicing industry. I love it when federal banking regulators ?hope? stuff will happen. The details are still being finalized, but are likely to require servicers to increase staffing levels, establish a single point of contact for borrowers, and ?conduct a comprehensive look back at their servicing portfolio to detect and correct problems,? whatever the hell that means.''

Full post as published by Mortgage Lender Implode-o-Meter on February 17, 2011 (boomark / email).