CFPB Imposes Hefty Fine on Mortgage Servicer for Alleged Violations of Servicing Rules

On June 7, 2017, the Consumer Financial Protection Bureau issued a Consent Order against mortgage servicer Fay Servicing, LLC , requiring Fay Servicing to pay $ 1.15 million to borrowers and to cease activities that the CFPB contended violated the Real Estate Settlement Procedures Act , its implementing regulation, Regulation X, and the Consumer Financial […]

Judge imposes $1.8M in penalties for misleading law firm charges in more than 2,000 foreclosures

A Denver judge is imposing $ 1.8 million in penalties for two law firms' false and misleading charges on title insurance in 2,291 foreclosures. Judge Shelley Gilman found that lawyer Robert Hopp, his law firms and title companies violated Colorado debt-collection and consumer protection laws, report the Denver Post , the Denver Business Journal and […]