KBRA: High compliance costs will drive commercial lenders from mortgage space Regulatory compliance is the big one. An analysis of CFPB complaint data covering the 12-month period ended sept. 30, 2017 indicated that servicing complaints made up the majority of total mortgage complaints. The three main areas included payment issues at 31% of complaints, loss mitigation at 27% and loan administrative processes at 26%.
Long Island Investment Advisor Pleads Guilty In Multi-Million Dollar. mail and wire fraud for orchestrating a Ponzi scheme over the course of 18 years.. solicited elderly victims to invest in real estate-related investments,
Servicers Make 116,000 HAMP Trials Permanent Half of Americans Oppose Bailout for Troubled Homeowners 60% Oppose Financial Bailouts; 74% Say Wall Street Benefited Most Survey of 1,000 American Adults *** Just 20% think it was a good idea for the government to provide bailout funding to banks and other financial institutions, but 60% say otherwise.