Geithner Backs Mortgage Service Standards — New York Real Estate

Geithner Backs Mortgage Service Standards

by John Tayeb on December 21, 2010

U.S. Treasury Secretary Timothy Geithner

U.S. Treasury Secretary Timothy Geithner said Thursday that he believes the U.S. needs national standards for mortgage servicers.

Geithner plans to charge the new Consumer Financial Protection Bureau with creating these new standards. He expects them to start by examining existing state standards.


“We got this terribly wrong as a country,” he said. “We want to make sure we’ve got a durable set of fixes.”

Source: The Associated Press, Alan Zibel (12/16/2010)

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This entry was posted in Foreclosures, Housing Market News Update, mortgage, New York Real Estate and tagged , , , . Bookmark the permalink.

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