Oversight and Legal Enforcement of the National Mortgage Settlement

Author / Creator

Library of Congress. Congressional Research Service. American Law Division

Available as

Online

Summary

Provides background on the National Mortgage Settlement, which is to result in the top five mortgage servicers providing about $25 billion of relief to homeowners and individuals who recently lost ...

Provides background on the National Mortgage Settlement, which is to result in the top five mortgage servicers providing about $25 billion of relief to homeowners and individuals who recently lost their homes through foreclosure. Covers servicing standards and consumer relief terms, Servicemembers Civil Relief Act terms, borrower payment terms, and direct settlement payment to State and Federal parties. Analyzes how compliance with these substantive provisions may be overseen and enforced.

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