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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 […]

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

Bankruptcy  •  Debt Collection  •  Default Servicing  •  Litigation
Often overlooked by lenders and servicers, sometimes striking a deal with the Chapter 7 Trustee in bankruptcy court, is the more prudent and cost effective approach to resolving frivolous lawsuits filed by defaulting borrowers in […]

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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 […]

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