Wednesday, April 13, 2011

How Can Gov't Order Lenders To Reimburse Homeowners

How have we come to this? 

Gov't orders 14 lenders to reimburse homeowners - Yahoo! Finance:

 "Derek Kravitz, AP Real Estate Writer, On Wednesday April 13, 2011, 2:42 pm EDT
WASHINGTON (AP) -- The federal government on Wednesday ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.

Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.

Citibank, Bank of America, JPMorgan Chase and Wells Fargo, the nation's four largest banks, were among the financial firms cited in the joint report by the Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency,"

How far will gov't go with everyday Americans? When will we take back our gov't? 

TEA PARTY!!!!!!!!


Dad29 said...

The lenders are crooks.

They swore up and down that they had clear title to the properties, and they did NOT HAVE SUCH TITLE.

They're lying scumbags. Couldn't happen to nicer guys.

Granted, the borrowers didn't pay; so there's another chapter coming here.

But the banks simply lied and got caught.

Paul - Berry Laker said...

I hear you dad but when will we hold scumbag politicians off the hook when they lie and screw the rest of us?

When will this end?

Thanks again, have a GREAT day.