Image CAPTCHA
Enter the characters shown in the image.

Mortgage Litigation News

You are here

Home

US Comptroller: Bank Sanctions Coming

Teaser: 

John Walsh, Acting Comptroller of the Currency, testified in a Senate Banking committee hearing that a probe of 14 of the largest US loan servicers was likely to result in sanctions.
 

John Walsh testified before the Senate Banking Committee that after a probe of 2,800 foreclosure cases, the agency determined that banks violated state and local foreclosure laws adversely affecting mortgage markets' function and the US economy as a whole.

Walsh did not identify what sanctions the US Treasury would seek to impose saying that regulators had yet to agree on the size of a possible settlement because they had not yet added up the actual violations and the appropriate value of each.

Related Subjects: 
Mortgage Litigation News

Pages

 
 

Call us at 408.797.0000

Call us at 408.797.0000

Call us for a consultation at 408.797.0000. We offer expert services and proven experience with complex issues that others can overlook.

Save this page

 
PDF

Who's Online

 
There are currently 0 users and 11 guests online.

visit us at:

  1999 S. Bascom Avenue, Suite 797
    San José, CA 95008
 (408) 797-0000

  200 Washington St., Suite 208
    Santa Cruz, CA 95060
 (831) 245-0000

The Olender Pro Bono Project

We represent some clients who have compelling cases and little money at no charge. Sean received the Benito Juarez human rights award in 2008 and the ALRP Volunteer Award in 2012 for taking more than 10 pro bono cases in 12 months. We need volunteers. E-mail Debbie to volunteer.

Change Your Address at DHS!

If you are not a US citizen, you must change your address with DHS within 10 days of moving or face deportation. Click Here.