Reform Wheels Grind Forward as Federal Regulators Push for Change in Servicing
January 20, 2011
The federal government’s fiercest critic of mortgage servicing practices upped the ante this week, calling for an industry-wide settlement to resolve what she sees as a dysfunctional system, and a separate initiative to address long-standing financial issues in the agency servicing business. Sheila Bair, chair of the Federal Deposit Insurance Corp., said...