Advanced Search

Volume 2014 - Number 7

February 20, 2014

Servicers Cited for Potential Fair-Lending Violations, Regulators Urged to Do More

Some of the largest servicers could be violating fair-lending laws, according to an analysis by a the Government Accountability Office, while an alphabet soup of federal regulators overseeing fair lending issues appears to be treating servicing concerns like a hot potato. In a report issued late last week, the GAO said its analysis of loan-level data for the four largest servicers participating in the Home Affordable Modification Program suggests that there are fair-lending concerns that merit further examination. While the GAO didn’t identify the servicers, the four largest HAMP servicers are Ocwen Loan Servicing, Wells Fargo, JPMorgan Chase and Bank of America, according to the Treasury. The GAO found...

Subscribers to Inside Mortgage Finance have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?

Subscribe

A weekly "must read" for industry executives. Thoroughly covers regulatory, political, legislative and market issues in the residential mortgage business.

 

Pay-Per-View

You can purchase this article for $55.00 without subscribing and always have access to it on insidemortgagefinance.com.

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744

Poll

After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.
2 to 3 years. GSE reform is complicated.
Sadly it won’t happen in a Clinton or Trump first term.
Not in my lifetime.

vote to see results
Housing Pulse