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Banks Ignore Homeowner Complaints; New IG Report Faults FHFA Leadership
Cummings Calls for Hearing with Banks And FHFA's DeMarco Washington, D.C. (March 21, 2013) -- Today, Congressman Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released a new report issued by the Inspector General of the Federal Housing Finance Agency (FHFA) warning that mortgage companies that service loans backed by Freddie Mac "have largely failed to implement" requirements to resolve "escalated cases" of serious homeowner complaints alleging abuses such as improper foreclosures and fraudulent servicing practices. "Today's report reveals the latest in a sorry string of failures by FHFA leadership to protect American homeowners," said Cummings. "After so many reports documenting the abuses
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Banks Ignore Homeowner Complaints; New IG Report Faults FHFA Leadership
Cummings Calls for Hearing with Banks And FHFA's DeMarco Washington, D.C. (March 21, 2013) -- Today, Congressman Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released a new report issued by the Inspector General of the Federal Housing Finance Agency (FHFA) warning that mortgage companies that service loans backed by Freddie Mac "have largely failed to implement" requirements to resolve "escalated cases" of serious homeowner complaints alleging abuses such as improper foreclosures and fraudulent servicing practices. "Today's report reveals the latest in a sorry string of failures by FHFA leadership to protect American homeowners," said Cummings. "After so many reports documenting the abuses
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