Federal Reserve Speech: Problems in the Mortgage Servicing Industry
Governor Sarah Bloom Raskin At the National Consumer Law Center’s Consumer Rights Litigation Conference, Boston, Massachusetts, November 12, 2010: Problems in the Mortgage Servicing Industry “The number of foreclosures initiated on residential properties has soared from about one million in 2006, the year that house prices peaked, to 2.8 million last year. There were 1.2 …