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Big bank fails two mortgage settlement tests

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Mortgage Professional America | 17 Dec 2014, 10:44 AM Agree 0
The failed tests include sending pre-foreclosure letters to borrowers and notifications to people seeking mortgage modifications.
  • Cheryl M | | 17 Dec 2014, 11:49 AM Agree 0
    Funny this article only mentions BofA. What about JP MORGAN CHASE? In fact, they too are doing the same thing, not complying with settlements and the CFPB knows it. So has there been additional comment from the CFPB about Chase? ANYONE....
  • Mike D | | 17 Dec 2014, 12:15 PM Agree 0
    Big Deal!!! Minor infractions on the banks behalf. As if the homeowners didnt know that their house wasnt going to be foreclosed because they were not making their payment. Thats the problem, this admin doesnt hold the consumer accountable, you dont make your monthly payment you dont get to keep your house, regardless how many notices you get, all they know is that they are coming for it. CFPB is a rogue agency that can do whatever it wants with ZERO oversight.
  • gheinecke | | 17 Dec 2014, 02:06 PM Agree 0
    What about JP Morgan Chase, OCWEN and EVERBANK (should be called NEVER BANK) to say nothing of Wells etc. Could go on and on guess they have better lobbyists.
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