CFPB doubles down against marketing services agreements

CFPB doubles down against marketing services agreements

Underscores that MSAs could constitute mortgage kickbacks

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

DJSP lays off another 198 employees on fewer volumes

DJSP Enterprises (DJSP) headed up David J. Stern, whose Florida law firm has come under fire for allegedly mishandling foreclosures, laid off another 198 employees this week, citing reduced file volumes. Stern recently resigned as the chairman of DJSP Enterprises, a major client of his law firm, but he remains CEO and president. Fannie Mae, Freddie Mac and Citigroup (C) suspended foreclosure referrals to the firm. When that was announced, DJSP said it would lay off 10% of its staff. The firm has come under investigation from the Florida Attorney General and Fannie Mae on allegations from former employees that the firm signed hundreds of foreclosure affidavits without reviewing documents or having a notary present. Jeffrey Tew, a lawyer representing Stern, has said in previous published reports that it is unfair to be circulating such statements in the press, and said his client hasn't been given the opportunity to question the statements. So far, DJSP has laid off 300 employees. Write to Jon Prior.

Recent Articles by Jon Prior

Comments powered by Disqus