AMI Urges Attorneys General and CFPB, Don’t Bail Out the Banks Again
AMI Urges Attorneys General and CFPB, Don’t Bail Out the Banks Again,
Middle-Class America and the Pensions Must Not Bear the Settlement Costs
Washington, D.C. – This week in Washington, D.C., key parties met for face-to-face settlement negotiations surrounding the mortgage servicing and foreclosure investigation into alleged misconduct, such as robosigning. The Association of Mortgage Investors (AMI) urges all state and federal parties to the ongoing investigation to protect the rights and investments of investors so that the final settlement only penalizes the servicers who have acted irresponsibly, acted to the detriment of borrowers and pension funds, and does not result in another government bank bailout.
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