Good move, Kamala Harris

[KayF]

https://www.housingwire.com/articles/california-ag-says-mortgage-servicers-slow-adopt-settlement-changes

August 16, 2012 HousingWire Staff


The California monitor of the $25 billion national mortgage servicing settlement received roughly 1,100 complaints since March from borrowers reporting a slow uptake to the new rules, according to an official in the state attorney general office.

California AG Kamala Harris appointed Katie Porter in March to oversee how the five largest servicers distribute $18 billion in homeowner relief and implement new standards under the settlement. Consent orders from federal regulators in April 2011 contained many of the same rules.

Bank of America (BAC), JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), and Ally Financial agreed to end the practice of foreclosing on borrowers who are being considered for a modification, known as dual tracking. The settlement also required servicers to establish a single point of contact for distressed borrowers, new oversight to end mishandled paperwork and the signing of documents en masse without a review of the loan file among other abuses.

Found the connection to Harris after seeing these videos and looking to find more about this awesome freshman democrat

[Hortensis]

1. :) Agree. Katie, protege of Sens. Warren and now Harris, is

new to congress but not to this work. She's a strong, very competent liberal committed to progressive government, and I like her a lot also. We'll be hearing more about her.

Some get excited over complete amateurs, imagining that they aren't corrupted (yet) or something. I get excited reading about the many proven people who bring valuable skills and experience to congress. Many run TO bring their abilities to the seat of power to make a difference, not to start learning how they might.

[monmouth4]

2. She had Jamie Dimon stuttering and ready to chew his tongue. Love her. n/t

[Hortensis]

3. "My question for you, Mr. Dimon..." Lol, great!

He'd be more than happy to try provide budget counseling to an underpaid employee. You know anyone who impresses Warren and Harris is going to be good.

Thanks for posting these, KayF.

[George II]

5. +1,000,000

[iluvtennis]

9. Well said - ditto.

[Andy823]

4. K&R nt

[artislife]

6. I love the questions that are being asked by these freshwomen. nt

[KT2000]

7. She is so good -

and kudos to her district for electing her. Lawrence is in love with her too.

[kag]

8. I LOVE Kamala Harris.

Also...Katie Porter studied at Harvard under Elizabeth Warren.

This trio of women is just bad ass!