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Report Fraud, Waste and Abuse
Date Published
June 23, 2013
News Type
Article
Link to Original
loansafe.org

(Source: HUD) -- The nation’s largest mortgage servicers have failed eight of the servicing standards in the National Mortgage Settlement according to a report released by Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement. The Monitor’s testing through the end of last year resulted in three testing fails, and there are five additional fails in 2013.
The following is a statement released today by HUD Secretary Shaun Donovan: