On January 30, 2018, the office of the Massachusetts Attorney General announced that the state reached a settlement with a national mortgage servicer that requires the Company to settle claims that it placed homeowners at risk of foreclosure due to “unfair and deceptive” loan servicing practices. Although the exact amount was not specified, the Massachusetts AG Maura Healy announced that her office secured “millions of dollars” in principal reductions for the affected borrowers and $ 500,000 in restitution for certain foreclosed-upon borrowers.
