Treasury To Temporarily Penalize Mortgage Companies, Making Good On Old Threat
"WASHINGTON -- The Treasury Department will temporarily withhold payments to the nation's three largest mortgage companies for failing to comply with the Obama administration's signature foreclosure-prevention effort, perhaps finally making good on a 19-month-old threat, officials announced Thursday.
Bank of America, Wells Fargo and JPMorgan Chase, which collectively service about half of all home loans, abused homeowners and violated the rules of the Making Home Affordable (MHA) program, Treasury said."
Can we get a great big round of "IT'S ABOUT TIME!!! SOCK IT TO THEM!"