by admin | Jan 27, 2017 | Mortgages
Class action settlement moves forward By Ben Lane Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 could soon receive their share of a $50 million settlement, which stemmed from charges that Wells Fargo overcharged borrowers...
by admin | Dec 1, 2016 | Mortgages
Steve Mnuchin tells Fox Business: “We’ll get it done reasonably fast” By Ben Lane After President-elect Donald Trump announced that he selected Steve Mnuchin, a former executive at Goldman Sachs and former chairman of OneWest Bank, to lead the Department...
by admin | Nov 14, 2016 | Mortgages
“Bureaucratic red tape and Washington mandates are not the answer” By Ben Lane Now that the dust is starting to settle from the election, a clearer picture is beginning to emerge of what types of actions President-elect Donald Trump will pursue once the...
by admin | Nov 3, 2016 | Mortgages
Accused of hiking up appraisal prices for struggling borrowers By Ben Lane It’s been a rough few weeks for Wells Fargo and things aren’t about to get any better. In the fallout from the bank’s fake account scandal, Wells Fargo lost its CEO, lost business from...
by admin | Oct 28, 2016 | Mortgages
By Ben Lane It’s been nearly three years since Ocwen Financial agreed to offer $2 billion in consumer relief and pay up to $127.3 million to settle a Consumer Financial Protection Bureauinvestigation into its servicing practices. That settlement, and others with...
by admin | Aug 26, 2016 | Homeownership, Mortgages
Ocwen to pay $900,000; only use licensed entities to service Washington loans By Ben Lane Ocwen Financial will pay $900,000 to the state of Washington after an investigation conducted by the state found that Ocwen used unlicensed companies in India and the Philippines...
