Saturday, February 20, 2016

Still Banksters

Because they can.
The 2012 National Mortgage Settlement with the five largest mortgage companies (Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Bank) included language committing the firms to end the production of false documents.

[...]

State attorneys general and the Justice Department have every authority to assert that companies are not following the terms of the 2012 agreement. But instead they’ve turned a blind eye, at best supporting the efforts of homeowners to challenge their own foreclosures.

The problem is that if homeowners had the resources to go up against deep-pocketed financial institutions in court, they would never have fallen into foreclosure in the first place. Precious few foreclosure cases are ever challenged, and those who try face a flotilla of bank lawyers on the other side. Only attorneys general have the ability to protect the public from false foreclosure documents on a wide scale.

  The Intercept
...but hey, do what you want...you will anyway.

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