Monday, September 29, 2014

Bank's 'repeated failures' led to 2000 foreclosures, feds say - CNNMoney

Bank's 'repeated failures' led to 2000 foreclosures, feds say – CNNMoney




CNNMoney


Bank’s ‘repeated failures’ led to 2000 foreclosures, feds say
CNNMoney
While borrowers were trying to save their homes from foreclosure, Flagstar Bank sat on important documents and “drove borrowers into foreclosure,” authorities said Monday. That led to over 2,000 foreclosures in the last three years, according to the …
Consumer Agency Penalizes Flagstar Bank Over Mortgage ServicingNew York Times
UPDATE 1-Flagstar Bank to pay $37.5 mln over servicing violations -CFPBReuters
Flagstar Pays $37.5 Million Over Consumer Bureau ClaimsBloomberg
MarketWatch -ConsumerAffairs -ACA International
all 30 news articles »



Bank's 'repeated failures' led to 2000 foreclosures, feds say - CNNMoney

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