State legislators say they welcome transparency regarding their personal finances — corporate and real estate holdings, government contracts and the like.But who decides what constitutes transparency? Who checks whether they’re telling us all that we’re entitled to know? They do. Just as war is too important to be left to the generals, transparency is too important to be left to the politicians.
An examination shows how mortgage servicers have created unnecessary hurdles to getting loan-mods and have violated the government’s rules for the program. “There’s a real resistance on the servicers’ part to making permanent modifications,” said Diane Thompson of the National Consumer Law Center.