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 […]

CFPB Announces Consent Order for Mortgage Servicing Violations

June 16, 2017 admin

The CFPB recently announced that it has entered into a consent order with Fay Servicing, LLC to settle alleged mortgage servicing violations. A copy of the consent order can be found here . Foreclosure News

Supreme Court Holds That Cities Have Standing to Sue for Fair Housing Act Violations

May 10, 2017 admin

On Monday, in Bank of America Corp. et al. v. City of Miami, Florida , the Supreme Court held in a 5-3 decision that the City of Miami had standing to challenge alleged violations of the Fair Housing Act by lenders. Foreclosure News