Although the CFPB director hasn’t commented publicly on it, rumors have long swirled that he intends to run for governor of Ohio
The embattled servicer will pay a minimum of $49 million to settle allegations arising out of the same issue that netted it a $150 million fine in 2014
A mortgage that allows for the possibility of negative amortization usually attracts buyers through the fact that they include the option of making lower payments – sometimes when desired. Whenever a payment is made that is less than the amount of interest due for the month, the interest becomes added to the principal – which will ultimately raise the amount of interest each month. This causes negative amortization.