AGs, Regulators Urge OCC, OTS to Push for More Effective Workouts
February 13, 2009
Financial institutions regulated by the Office of the Comptroller of the Currency and Office of Thrift Supervision have failed to offer sustainable loan modifications as evidenced by their high re-default rates, according to a group of state attorneys general and state banking regulators. The State Foreclosure Prevention Group called on the two federal agencies to push national...