After years of laser focus on underserved borrowers, the top lender is taking the next step in the journey
The firm expects to emerge from Chapter 11 by the end of January
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The failed tests include sending pre-foreclosure letters to borrowers and notifications to people seeking mortgage modifications.
The bank told an independent settlement monitor it has completed more than half of the consumer relief portion of a $13 billion settlement.
The outspoken lawmaker isn't thrilled about a provision in a spending bill that the House passed last week, but she saves most of her criticism for one Wall Street giant.
The Atlanta-based servicer is under fire again as a new regulator claims it can't rely on the information it's receiving from Ocwen.
P2P lending is often viewed in the mortgage industry as another competitor, but it could provide another financing resource to mortgage brokers.