Sentence examples for mortgage procedures from inspiring English sources

I think Biden has uncovered the belly of the beast, and that he and others should be allowed to pursue their initiatives against systemic problems involving mortgage procedures.

Critics on one side say that the deal is too small, and that because the settlement would include a release for the approximately fourteen banks involved, it would prevent further---quite possibly justifiable---legal action, and do little to solve what is seen as the systemic problem of not just bad mortgages, but also bad mortgage procedures.

Last week Biden brought suit against MERS, Mortgage Electronic Recordation Systems, Inc., a company set up by the banks (and Fannie Mae and Freddie Mac) in the '90s to streamline mortgage procedures in order to facilitate, among other things, easy securitization.

We need to get a settlement together, put numbers and mechanisms behind us, and let the state AGs do what they will to attack MERS and other integral parts of the mortgage procedure and foreclosure establishment in an organized and efficient manner in order to reform a systemic problem.

A PNC spokesman, Frederick Solomon, declined to comment beyond saying that the lender was reviewing its mortgage servicing procedures.

Early emphasis on mortgage settlement procedures likely reflected the public anxieties about mortgage lenders after the steep rise in foreclosures after the financial crisis.

That amount would be in addition to what the bank has already set aside for fines and legal costs relating to the probes as well as its efforts to correct its mortgage foreclosure procedures.

The administration's proposal also dovetails with the settlement that federal and state authorities have been drafting with five major banks, which would require the banks to refinance more underwater mortgages, improve their procedures for helping borrowers who miss payments and write down more debt.

The bank, which has filed to foreclose on the mortgage — a process that typically takes months to resolve — said it followed its procedures correctly, but did not elaborate.

The nation's attorneys general and the Obama administration are negotiating with the top mortgage servicers for new procedures for those in trouble.

Reports of improper procedures at mortgage servicers, like having officials sign thousands of documents a month — so-called robo-signers — also have set off a political furor.