Servicing Settlement Has News Today : Breaking News, Live Updates & Top Stories | Vimarsana

So, the banks engage in all the practices. there is this settlement. and part of the settlement is you can't 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 once. we decided to change th...

These practices. there is this settlement. and part of the settlement is you can't 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 foreclosure process without speaking to a lawyer once. we decided to change that. as a result, we got...

And part of the settlement is you can't 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 once. we decided to change that. as a result, we got this great network out there that have been h...