GAO REPORT | MORTGAGE FORECLOSURES – Regulatory Oversight of Compliance with Servicemembers Civil Relief Act Sucks

MORTGAGE FORECLOSURES — Regulatory Oversight of Compliance with Servicemembers Civil Relief Act Has Been Limited What GAO Found Certain protections under the Servicemembers Civil Relief Act (SCRA) only apply to those servicemembers who obtained mortgages prior to becoming active duty, but at least 15,000 instances of financial institutions failing to properly reduce servicemembers’ mortgage interest … Read more
Related posts:

1. OCC | Regulators Issue Joint Guidance to Address Mortgage Servicer Practices that Affect Servicemembers
2. Three Ranking Members and Others Introduce Legislation to Protect Servicemembers and Their Families from Foreclosure
3. Justice Department Settles with Bank of America and Saxon Mortgage for Illegally Foreclosing on Servicemembers