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Fines Mortgage Servicers

Kaufman & Canoles

Credit Union Client Alert – Wells Fargo Must Pay $250 Million Fine

Kaufman & Canoles on

The Office of the Comptroller of the Currency (OCC) issued a $250 million civil penalty against Wells Fargo Bank, NA for flaws in the bank’s home loan loss mitigation program. In addition, the OCC issued a cease-and-desist...more

Blank Rome LLP

Increased Muni Power Means Larger Fines For NJ Mortgagees

Blank Rome LLP on

As a result of the recent changes in New Jersey law, mortgagees and servicers should review their practices and procedures to ensure timely response to notices of municipal code violations on abandoned or vacant properties in...more

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