Congresswoman Waters Reintroduces Landmark Legislation to Prevent Foreclosures, Hold Servicers Accountable

Washington, DC – April 18, 2011 – (RealEstateRama) — Congresswoman Maxine Waters (D-Calif.) yesterday reintroduced H.R. 1567, the Foreclosure Prevention and Sound Mortgage Servicing Act of 2011. Congresswoman Waters has introduced similar legislation since the 110th Congress, and has long maintained that the servicing industry is broken. By reintroducing and updating the bill, Congresswoman Waters continues to demonstrate her commitment to ending the foreclosure crisis and holding servicers accountable.