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Ditech Financial (Previously Green Tree Servicing) hit with seven-figure fine

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Mortgage Professional America | 30 Sep 2016, 08:15 AM Agree 0
A Florida mortgage company operating in Massachusetts has agreed to pay the state $1.4 million to settle allegations it had violated debt collection laws
  • Joe Wehage | | 30 Sep 2016, 12:22 PM Agree 0
    A slap on the wrist. Local State operations are just looking at these issues as "cash cows". Did Massachusetts keep the $1.4 million or did it go to the clients whom the "bad practices" were perpetrated on?

    Just like the CFPB's $185,000,000 fine against Wells Fargo. Shouldn't those funds go to the individuals whom Wells Fargo preyed upon?

    Hit these companies where it counts, continued "sources" of income. De-license them and see how fast CEOs get their companies in line.

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