Because they have no idea how many borrowers were harmed, the regulators are spreading the cash payments over all 3.8 million borrowers — whether there was evidence of harm or not. As a result, many victims of foreclosure abuses like bungledloan modifications, deficient paperwork, excessive fees and wrongful evictions will most likely get less money.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
Most Popular Articles
Latest Articles
HUD would permit multi-story manufactured homes without a permanent chassis
HUD proposes expanding manufactured home rules for multi-story designs, allowing upper sections without a chassis that can cost $5,000 to $10,000.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio