US Comptroller of Currency Forbids Banks from Releasing Mortgage Mod Data to States' Attorneys General?

[dcarrigg]

We have also partnered with our colleagues in other states who share the same foreclosure-related challenges and frustrations. Together with banking commissioners in four other states, our Office of Financial Regulation joined twelve state Attorneys General in the State Foreclosure Prevention Working Group launched under the leadership of Iowa Attorney General Tom Miller in 2007. This group sought to work collaboratively with the mortgage servicing industry and other parties to identify solutions to the myriad of problems we were seeing in addressing the crisis. The group gathered data submitted voluntarily from the largest subprime servicers and published five reports during 2008 to 2010 providing analysis on foreclosure issues and the servicing response. Unfortunately, this data and the related dialogue fell short of its potential as the Office of the Comptroller of the Currency forbade national banks from providing
loss mitigation data to the states

http://oversight.house.gov/images/st..._2011_0308.pdf