Items Tagged with 'Massachusetts Attorney General Maura Healey'

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  • Ocwen reaches settlement with Massachusetts mortgage regulator, but state lawsuit remains

    Reaches final administrative settlement with raft of state regulators
    Ocwen Financial’s troubles with state regulators are nearly over, for now, at least. The nonbank disclosed Fridaythat it reached a settlement with the Massachusetts Office of Consumer Affairs & Business Regulation’s Division of Banks, which took regulatory action against the company last year along with more than 30 other states over alleged escrow and other mortgage servicing issues.
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  • Massachusetts hits Nationstar (aka Mr. Cooper) with fine, sanctions over servicing abuses

    Accused of offering borrowers “unfair and deceptive” mortgage modifications
    Nationstar Mortgage, the nonbank now known as Mr. Cooper, allegedly put hundreds of borrowers in Massachusetts at a heightened risk of foreclosure by offering them “unfair and deceptive” mortgage modifications, the state’s attorney general said Tuesday. “Nationstar failed to stop foreclosures and this settlement gives homeowners in the hardest hit areas in Massachusetts a chance to stay in their homes,” Massachusetts AG Maura Healey said.
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  • Massachusetts becomes first state to sue Equifax over massive data breach

    AG Maura Healey: “Equifax needs to pay for its mistakes”
    Following through on a threat made last week, the state of Massachusetts is suing Equifax over the credit reporting agency’s massive data breach, which exposed the personal information of 143 million U.S. consumers to hackers. Massachusetts’ lawsuit is the first enforcement action taken by a state in the wake of the data breach at Equifax.
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  • Massachusetts planning to sue Equifax over massive data breach

    AG Healey: This may be the most brazen failure to protect consumer data ever
    Equifax, which is already facing inquiries from the Consumer Financial Protection Bureau, the House Financial Services Committee, and others over the credit reporting agency’s massive data breach, has a new problem on its hands – Massachusetts Attorney General Maura Healey.
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  • Monday Morning Cup of Coffee: New Mexico warns of scammers pretending to be Nationstar

    Wells Fargo accused of ripping off mom-and-pop businesses
    Borrowers and lenders, here is your warning! Reports of mortgage scams and financial hackers keep making it to HousingWire’s headlines. The latest attack involves well-known mortgage company Nationstar. In other news, Wells Fargo is in the headlines again. This time the mega bank is being accused of ripping off vulnerable mom-and-pop businesses. Details on all of this and more inside.
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