CFPB Busts Fay Servicing For Unlawful Foreclosures Forces Them To Pay $5 Million Fine The CFPB Busts Fay Servicing And Mandates A $5 million Payment. Agency Also Imposes Compensation Limits On CEO Edward Fay The CFPB has ordered Florida-based Fay Servicing to pay a $2 million fine. The agency says Fay violated mortgage servicing laws […]
Disbarred LA Lawyer Tom Girardi Convicted For Stealing Millions Of Dollars From His Clients A federal jury has convicted disbarred LA lawyer Tom Girardi of embezzling tens of millions of dollars from his clients. Several of his clients suffered from severe physical injuries. He also represented families of people killed in accidents. A federal jury […]
Wells Fargo Employee Found Dead At Her Desk Four Days After Dying When Employees Finally Decide To Investigate Nauseating Stench Co-workers at a Wells Fargo office in Tempe, Arizona found the remains of Wells Fargo employee Denise Prudhomme at her desk on August 20, 2024. Prudhomme had died at her desk four days earlier. Co-workers […]
CFPB Has Banned Novad Consulting From Servicing Reverse Mortgages For Failing To Properly Communicate With Mortgage Borrowers The CFPB has banned Novad Consulting from servicing reverse mortgages. HUD and CFPB had first ordered the company to stop illegal activities that harmed older homeowners. The CFPB found that NOVAD Management Consulting had inadequate resources and staffing […]
HOUSING CRISIS ALERT: Rising Insurance Costs And Property Taxes Are Triggering Mortgage Delinquencies An Auction.com survey found the rising costs of insurance costs and property taxes are contributed to rise in delinquencies. This is not good news. It could create a housing crisis bigger than 2008. What poses the greatest threat to rising mortgage delinquencies […]
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