NCRC Files Complaint to DC Bar
DC Bar Complaint Against Adrian Cronauer (2.5mb)
NCRC Files Complaint to DC Bar Read More »
enforcement
Independent Foreclosure Review
Background The Federal Reserve Board issued enforcement actions against four large mortgage servicers –GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, and EMC Mortgage Corporation–in April 2011. Under those actions, the four servicers were required to retain independent consultants to review foreclosures that were initiated, pending, or completed during 2009 or 2010. The review is intended to determine
Independent Foreclosure Review Read More »
Robosigning Settlement Step Towards Full Recognition of Extraordinary Harm to Homeowners & Economy
Washington, DC — Today federal officials and state Attorneys General reached an agreement with five major lenders to settle claims stemming from “robosigning” and other servicing abuses. John Taylor, president & CEO of the National Community Reinvestment Coalition (NCRC) made this statement: “The settlement recognizes that all homeowners have been damaged by widespread abuses in
Foreclosure Rescue Scams: A Nightmare Complicating the American Dream
The report addresses the concerns surrounding foreclosure prevention rescue scams. The research study was conducted for a period of three months in mid-2009 using “fair lending matched pair testing” or mystery shopping” to assess the extent of the problem. Findings of the study demonstrate that an aggressive legislative solution and added public and private oversights
Foreclosure Rescue Scams: A Nightmare Complicating the American Dream Read More »