Volume 2014 - Number 6
March 14, 2014
NY DFS Targets Nationstar, Nonbank Cooperates
Nationstar Mortgage joined Ocwen Financial last week under the glare of the New York Department of Financial Servicesí spotlight. Ben Lawsky, superintendent of the NYDFS, said the state regulator has received hundreds of complaints about Nationstarís practices, including problems with loan modifications, improper fees and lost paperwork. ďOur department has significant concerns that the explosive growth at Nationstar and other nonbank servicers may create capacity issues ...
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