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
The company allegedly “mistreated borrowers” who were attempting to save their homes from foreclosure.
Sales from February to March saw double-digit increases, while prices also sprung forward.
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Just as the student who takes too many academic shortcuts, constantly going after the easy-A in the mortgage business can have adverse consequences, too.
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The deal is likely to include cash, as well as a chunk of consumer relief and contribute to the $130 billion legal tab rung up by the big banks for their actions during the crisis.