Did Nationstar foreclose on your home? You could be entitled to receive a refund for illegal foreclosure! Servicer Mr. Cooper will pay $90 Million in refunds to customers, in addition to $6.5M in penalties. For the third time in the last six months, Nationstar Mortgage, the nonbank also known as Mr. Cooper, has reached a multi-million-dollar settlement with…
The Bureau of Consumer Financial Protection released a snapshot of mortgage complaints on their website filed by consumers. This report allows everyone to see the trends in mortgage complaints being filed and the progress. These complaints received allows the Bureau of Consumer Financial Protection to regulate consumer financial products or services under existing federal consumer financial laws, enforce…
By now all consumers have been made aware that the Consumer Financial Protection Bureau (CFPB) powers were reduced and essentially taken away. This is really bad and not good for the little guy, but there is still hope for those who want to challenge their mortgage lenders. According to an article written by Ralph Nader on…
Consumer Financial Protection Bureau (CFPB) is a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. CFPB Highlights Approximately $1.15 million in consumer remediation and $1.75 million in civil monetary penalties resulting from public enforcement actions that grew out of or were bolstered by CFPB examinations. Mortgage Origination and…