Relevant:
- Iowa AG Expected to Press California AG to Join Foreclosure Settlement
- California AG says mortgage servicers slow to adopt settlement changes
- California pursues independent case against banks
- JPMorgan Chase Reports Record Profits, But Homeowners Say They Are Left Out In The Cold
- Report: Banks aren't complying with mortgage settlement terms
2012-09-06 — huffingtonpost.com
Homeowner advocates have taken a dim view of the settlement, claiming that banks' mortgaging servicing divisions continue to abuse homeowners as before. The California Reinvestment Coalition said last week that settlement progress reports indicate "banks have made little progress on providing principal reduction to California homeowners, and instead have prioritized short sales -- a tool that represented business as usual for banks before the settlement was ever announced."
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