Widespread Abuse by Mortgage Servicers Hurts Homeowners, Investors, Taxpayers, Economy
Mortgages servicers should be required to give every mortgage holder "a good-faith review of foreclosure alternatives " before taking steps to take his or her home, CRL president Michael Calhoun told Congress today.&p> In testimony before the House Financial Services Committee 's Subcommittee on Financial Institutions and Consumer Credit and Subcommittee on Oversight and Investigations, he recommended that servicers be...