The New York attorney general is reportedly investigating reverse mortgage servicing practices at units of Nationstar Mortgage and OneWest bank
Former homeowners, speaking before the Senate, urged the rejection of Steve Mnuchin’s nomination as Treasury secretary after foreclosure issues with OneWest bank
It was late last July when mortgage servicers participating in the Home Affordable Modification Program (“HAMP”) were summoned to attend a meeting in Washington D.C. The administration had decided it was unhappy with servicer performance as related to loan modifications, both in general, and specifically as related to HAMP, and they were calling the servicers to a summit meeting so they could be read the riot act. There was a new sheriff in town and his name was Timothy Geithner.