Tag Archives: lenders

Financial Freedom Agrees to $89 Million Settlement

Financial Freedom Settles Alleged Liability for Servicing of Federally Insured Reverse Mortgage Loans for $89 Million By Jeff Sorg, OnlineEd Blog (May 17, 2017) (US Dept. of Justice, May 16, 2017) – Financial Freedom has agreed to a settlement with the United States of more than $89 million to resolve allegations that it violated the […]

Real Estate Brokers Influence Lender Choices for Their Clients

Eighty-four percent of real estate professionals have a select group of lenders to which they generally refer their clients By Jeff Sorg, OnlineEd Blog (November 7, 2016) – Most real estate professionals refer clients to a select group of lenders and they choose those companies based on the ease of doing business with them, their reputations, an […]

Green Tree to Pay $48 Million in Borrower Restitution and $15 Million Fine for Loan Servicing Failures

(Jeff Sorg – OnlineEd) – Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. The CFPB says the mortgage servicer failed to honor modifications for loans transferred from other servicers, demanded payments […]