The Association of Mortgage Investors Asks How the Currently Proposed Foreclosure Settlement Will Affect Average Americans, Unions, and Seniors?

The Association of Mortgage Investors (AMI) represents the managers of mutual funds and long-term investors for state and local pension and retirement funds for a range of public institutions, including unions, teachers, and first-responders.  AMI members are fiduciaries for their clients.  In that capacity, it is incumbent upon them to review any and all situations that would impact their clients’ investments.   The retirement security of these innocent parties will likely be impacted by this settlement as it currently stands.  AMI seeks common-sense changes to protect Americans’ savings.  AMI members are fiduciaries for our clients, who are not a party to the recently announced settlement.  The settlement was negotiated among the state Attorneys General, the federal government, and certain mortgage servicers.  On behalf of the public interest, AMI continues to raise questions and makes the following statement:

For the complete statement, our questions, and proposed solutions, please click here: AMI_press_release_2_21_2012_final