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NCRC Statement on OCC and Federal Reserve Settlement with Servicers

By / / Press Releases / 2 minutes of reading

Washington, DC — Today, in reaction to the announcement of an $8.5 billion settlement between the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and ten banks, NCRC President and CEO John Taylor made the following statement: “While compensation for homeowners who have been harmed is a good thing, it is […]

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Robosigning Settlement Step Towards Full Recognition of Extraordinary Harm to Homeowners & Economy

By / / Press Releases / 2 minutes of reading

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

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