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[30 Jan 2011 | 2 Comments | 2,216 views]
FDIC speaks out on foreclosures

Last year, the national Mortgage Bankers Association and other industry insiders formed Council on Residential Mortgage Servicing for the 21st Century to take a look at the foreclosure crisis that’s hit the nation and to figure out how to both mitigate current problems and avoid future ones.
As anyone who follows the real estate industry knows, there were a lot of groups formed last year in the wake of questions over the legality of foreclosures. Most of them are government entities, but the Council on Residential Mortgage Servicing is different in …