CFPB Requires Action Against Flagstar Lender to have Breaking New Financial Upkeep Legislation

Arizona, D.C. – Now the consumer Monetary Coverage Agency (CFPB) took step facing Michigan-created Flagstar Bank to have breaking the newest CFPB’s the latest mortgage maintenance guidelines from the illegally blocking borrowers’ tries to save your self their houses. At each and every step in the newest foreclosure recovery process, Flagstar were not successful individuals. The bank grabbed extreme time for you to processes borrowers’ software to have foreclosures relief, don’t tell individuals whenever their software have been partial, denied mortgage improvement to certified consumers, and you can illegally postponed signing long lasting financing improvement.