Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...
CitiMortgage performed the worst on the assessment of non-agency HAMP activity for the second quarter of 2014, with the Treasury claiming that the servicer needs to make substantial improvements.
MBA's Gross noted that the cost of changing external auditors is “significant,” both for large and small seller/servicers, whether they are public or not.