The lawsuit accuses the bank of intentionally steering minority borrowers into high-cost loans
An investigation found that more than 500 homeowners were victimized under the scheme
President Obama signed an act this week that included HUD’s new budget and delayed a program that would have saved borrowers hundreds a year.
As many experts have pointed out, mortgage credit is too tight and a new report suggests the uncertainty around servicing delinquent mortgages may be to blame.
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The failed tests include sending pre-foreclosure letters to borrowers and notifications to people seeking mortgage modifications.
The bank told an independent settlement monitor it has completed more than half of the consumer relief portion of a $13 billion settlement.
The outspoken lawmaker isn't thrilled about a provision in a spending bill that the House passed last week, but she saves most of her criticism for one Wall Street giant.