Mortgage

CFPB finalizes new signing guidelines, the Supreme Court docket factors to an FHFA ruling, Mr Cooper settles the upkeep case and different necessary information of the week

On the same day that Mr. Cooper announced an agreement with state and federal agencies about his maintenance practices, the Dallas company and two other lenders reached separate agreements with the Department of Justice over bankrupt borrowers.

Mr. Cooper agreed to pay out more than $ 91 million to consumers and state and federal regulators to meet fees for loan modification, foreclosure and mortgage cancellation issues.

The U.S. Department of Justice's trustees, which oversees the management of bankruptcy cases and private trustees, reached an agreement with Mr. Cooper, the U.S. Bank, and PNC Bank on non-compliance with the Bankruptcy Act and Federal Rules of Bankruptcy Procedure, more than than 60,000 accounts at all three companies from 2011 were affected.

(Read the full story here.)

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