Archives for 

Default Servicing

CFPB Issues Special Mortgage Servicing Report, States Intention to Use Fair Lending Laws to Target Discriminatory Loan Modification Practices

CFPB  •  Default Servicing  •  Enforcement  •  Fair Lending / Fair Servicing  •  Mortgage
On June 22, 2016, the CFPB issued a Mortgage Servicing Supervisory Highlights Special Edition Report, and concluded that mortgage servicers may be violating the servicing rules that the CFPB enacted in January 2014, as a […]

View More

Tenth Circuit Bankruptcy Appellate Panel Approves Settlement Agreement with Foreclosing Lender Over Objections of the Debtor

Bankruptcy  •  Debt Collection  •  Default Servicing  •  Litigation
EDITOR’S NOTE:  This post was guest-authored by Christopher J. Somma, an attorney in Goodwin Procter’s Consumer Financial Services Litigation Practice.  Mr. Somma represents clients in distressed loan workouts, forbearances, restructurings, commercial and residential foreclosures, UCC foreclosure […]

View More

Mortgage Servicer Agrees to Pay More Than $60 million for Alleged “Abusive” Collection Practices

CFPB  •  Debt Collection  •  Default Servicing  •  Enforcement  •  Enforcement Actions  •  FTC
The mortgage servicing industry remains under scrutiny, as evidenced by the recent joint enforcement action against Green Tree Servicing, LLC by the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC).   In a […]

View More