H.R. 4953 Miller, Ellison Introduce the Mortgage Servicing Conflict of Interest Elimination Act Bill to Address Conflict of Interest in Mortgage Companies

Washington, D.C. – Just moments before the House adjourned last week, Reps. Brad Miller (D-NC)  and Keith Ellison (D-MN), both Members of the Financial Services Committee, introduced legislation that will eliminate a conflict of  interest that may be preventing large mortgage companies from modifying troubled mortgages voluntarily. Many large mortgage companies own second mortgages on … Read more