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Merkley, Snowe, Reed, Whitehouse Offer Amendment to End Worst Mortgage Abuses
WASHINGTON, DC - June 14, 2011 - (RealEstateRama) -- U.S. Senators Jeff Merkley (D-OR), Olympia Snowe (R-ME), Jack Reed (D-RI) and Sheldon Whitehouse (D-RI) offered the Regulation of Mortgage Servicing Act of 2011 as an amendment to the Public Works and Economic Development Reauthorization Bill. The mortgage servicing bill would help homeowners stay in their homes by ending some of the well-documented abuses by mortgage servicers leading to foreclosures, and would produce a positive ripple effect through the economy by reducing the overall number of foreclosures.
Merkley, Snowe Introduce Bill to Hold Mortgage Servicers Accountable
WASHINGTON, DC - May 12, 2011 - (RealEstateRama) -- U.S. Senators Jeff Merkley (D-OR) and Olympia Snowe (R-ME) today introduced the “Regulation of Mortgage Servicing Act” to help homeowners stay in their homes by making the rules for mortgage servicers more fair and transparent.