Relevant:
- Seven New Clients Tap IMS for Property Repair and Field Services
- Regulators Unwilling, Unable to Punish Wayward Mortgage Servicers
- Largest Lenders Control Mortgage Industry. Time to Engage Community Bankers
- HUD Agents File HAMP Apps Via Hope Now
- U.S. banks failed to follow mortgage standards: monitor
2008-09-26 — loanworkout.org
The Mortgage Servicing Industry Has Failed! It's broke and in need of immediate repair, cash and help. They know it, the banks know it, our Secretary Treasury and our government knows it. Yet, nothing is being done to fix it.
...
Every single Hope Now, FHA Secure, plan, bill and imitative has made it "only voluntary" to mortgage servicers to comply and participate in these proposed solutions to our mortgage and housing crisis. Meaning they do not have to do anything they do not want to do and all of this Hope Now talk and puffing of foreclosure prevention chests has been nothing more than botoxed lip service and media propaganda.
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