General World News

DOJ, CFPB put mortgage servicers “on notice” after veterans’ complaints

Two federal regulators said on Monday that they will double down on scrutiny of mortgage servicers, following complaints of housing rights violations made by military families and veterans.

In a joint letter, the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) said they are watching to ensure mortgage servicers fully comply with federal laws. The agencies also sent a letter to landlords and housing providers.

The CFPB said it received complaints about inaccurate credit reporting, misleading communications to borrowers, and requiring lump sum payments to reinstate mortgage loans. The CFPB said it is reviewing the complaints in light details ⇒

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