The reviews are part of the mortgage servicer requirements called for by regulators after an investigation last fall revealed
improper foreclosure practices by banks.
«State attorneys general told five of the nation's largest banks on Tuesday they face a potential liability of at least $ 17 billion in civil lawsuits if a settlement isn't reached to address
improper foreclosure practices» a «figure [that] doesn't cover additional billions of dollars in potential claims from federal agencies,» the Wall Street Journal reported on Wednesday.
Not exact matches
On Monday, March 12, 2012, the federal government released details of the $ 25 billion dollar national mortgage settlement stemming from
improper foreclosures and other deceptive
practices in the origination and servicing of mortgages.