Penalized Mortgage Lenders Allowed to Police Themselves

foreclosuresFederal bank regulators are going easy on the nation's 14 largest mortgage firms, despite a stern order for those firms to compensate homeowners whose residences were improperly foreclosed upon. In their decision, federal agencies detailed goals for reform at the penalized lenders, but the banks are being permitted to determine what specific actions are needed and how they will implement them.

Read the full story at The Huffington Post.
Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Powered by Zillow