Items Tagged with 'BPO'


  • SEC probes single-family rental bonds

    Could be start of an industry-wide investigation
    The Securities and Exchange Commission is said to be investigating whether bonds backed by single-family rental homes are using overvalued property assessments. Green River Capital revealed in a regulatory filing that it was one of the market participants that received a request for information. However, it probably wasn’t the only one and probably won’t be the last.
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  • Settlement approved: Wells Fargo customers will get $50 million for overcharged mortgage fees

    Class action settlement over Broker Price Opinions is finalized
    Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 will soon receive their share of a $50 million settlement stemming from allegations that Wells Fargo overcharged borrowers for Broker Price Opinions during that period, as a class action settlement covering the overcharging is now finalized.
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  • FirstSource purchases ISGN’s BPO business

    They are to expand into higher-market services
    FirstSource, a business process outsourcing company, purchased US-based mortgage service provider ISGN’s BPO business to expand their company. According to The Economic Times, FirstSource said that more than 700 employees from ISGN’s BPO division in the U.S. and India will join FirstSource through this acquisition.
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