Advocates Call on Federal Regulators to Withdraw Consent Decree, Hold Banks Accountable for Illegal and Abusive Treatment of Homeowners

San Francisco, CA – April 7, 2011 – (RealEstateRama) — The Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation have drafted consent decrees with the nation’s largest mortgage servicers that would purportedly improve their foreclosure practices. These legal agreements represent an inadequate attempt by regulators to address illegal servicing practices that have caused countless people to lose their homes.