Berkshire Hathaway mortgage unit led mobile home buyers needlessly into foreclosure, CFPB says
Compliance Week » Mortgage Fraud
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3w ago
A Berkshire Hathaway unit that is a major lender to people buying mobile homes intentionally failed to qualify borrowers, the Consumer Financial Protection Bureau alleged in a complaint. As a result, many families ultimately lost their homes and sank into debt, echoing a series of events that helped power the ..read more
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DOJ, SEC Announce Historic $16.65 Billion Settlement With BofA
Compliance Week » Mortgage Fraud
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2y ago
Ocwen Financial this week agreed to pay a total of $150 million in “hard-dollar” assistance to current and former New York borrowers to resolve numerous and significant abuses in violation of a previous settlement agreement with the New York Department of Financial Services. As part of the settlement, founder William ..read more
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