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May 7, 2013
So, the banks engage in all the practices. there is this settlement. and part of the settlement is you cant do this anymore. how did you guys come to decide they were in violation of the settlement? >> well, the servicing settlement has -- prize for relief for homeowners, but also has 304 specific rules the banks have agreed to follow. so in new york, we invested in a network of housing counselors and legal service providers because when i took office, half of the families being foreclosed on we...
May 7, 2013
These practices. there is this settlement. and part of the settlement is you cant do this anymore. how did you guys come to decide they were in violation of the settlement? >> well, the servicing settlement has -- provides for relief for homeowners, but also has 304 specific rules the banks have agreed to follow. so in new york, we invested in a network of housing counselors and legal service providers because when i took office, half of the families being foreclosed on were going through the fo...
May 7, 2013
And part of the settlement is you cant do this anymore. how did you guys come to decide they were in violation of the settlement? >> well, the servicing settlement has -- prize for relief for homeowners, but also has 304 specific rules the banks have agreed to follow. so in new york, we invested in a network of housing counselors and legal service providers because when i took office, half of the families being foreclosed on were going through the foreclosure process without speaking to a lawyer...