Tuesday, April 9, 2013

Report: Crappy $26B Foreclosure Fraud Settlement Even Crappier Than First Believed; Banksters Continue Trampling On Consumer Rights: Housing Counselors

From the California Reinvestment Coalition:

  • A new survey of housing counselors in California reveals that banks are violating several consumer protections that were mandated by the $26 billion National Mortgage Settlement (NMS) and the California Homeowners Bill of Rights.

    In addition, the survey reveals that bank practices continue to disproportionately affect disadvantaged and hard-hit communities including limited English proficient (LEP) borrowers, widows, and people with disabilities. The results of the survey were released today in a report, “Chasm Between Words and Deeds IX: Bank Violations Hurt Hardest Hit Communities

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