Bank Mortgage Error Rate High 24%

 Except from a HuffPost article sets off alarm bells for anyone who has faced foreclosure or may do in the future.

“Now, new evidence shows that had the reviews continued, they may have uncovered far more mistakes than regulators said were present when they scuttled the deal. A new report by the Government Accountability Office released on Tuesday indicates that at one bank, the preliminary error rate was 24 percent, meaning that nearly 1 in 4 borrowers had suffered financial harm.”

For the full article to go: How Bank Watchdog Killed Our Last Chance At Justice for Foreclosure Victims.

 

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