Washington, D.C. – Today an individual Economic Protection Agency (CFPB) grabbed step against Michigan-established Flagstar Financial getting violating new CFPB’s brand new home loan repair laws by dishonestly clogging borrowers’ tries to save your self their houses. At every step-in the latest foreclosure rescue techniques, Flagstar hit a brick wall borrowers. The bank grabbed too-much time to techniques borrowers’ applications for property foreclosure recovery, did not share with borrowers when their apps was basically incomplete, declined loan modifications to help you accredited individuals, and you may illegally postponed signing permanent mortgage adjustment. Continue reading “CFPB Takes Step Facing Flagstar Bank to have Breaking The fresh new Mortgage Upkeep Legislation”
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CFPB Takes Step Facing Flagstar Bank to have Breaking The fresh new Mortgage Upkeep Legislation