Maryland Governor Martin O'Malley (I still love saying that) is instituting emergency regulations for mortgages and mortgage loan companies, see here and here.
First, they are requiring loan servicers to give advance notice to the state, so that state agencies might be able to help.
Additionally, it looks like administrative action may be taken against what appears to be one of the bad actors in this, Ocwen Financial Corp., which appears to have no one answering the phones.
No comments:
Post a Comment