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Home » Store » Taxable » Servicers Back Away from Certain Fees, Take Added Steps to Avoid Legal Risks

Servicers Back Away from Certain Fees, Take Added Steps to Avoid Legal Risks

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The growing involvement of federal regulators in investigating abusive mortgage servicing practices has spurred many lenders to change their practices – even if it means cutting profits – to avoid legal troubles. Moody’s Investor Services says lenders today have to anticipate where new legal issues may arise and react quickly. The increased scrutiny by the Department of Housing and Urban Development, the Federal Trade Commission, consumer advocacy groups and attorneys makes it clear that “predatory servicing
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