The Consumer Financial Protection Bureau (CFPB) has announced its first public RESPA enforcement action in nearly a year.
The bureau settled with a Colorado servicer related to its handling of loss-mitigation applications and its implementation of foreclosure protections required to be afforded to borrowers engaged in the loss-mitigation process.
Read on to see details from the CFPB’s consent order, including the amount of redress, civil money penalties and restitution.
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