Consumer & Lifestyle · Personal FinancestructuralFintechB2CBilling

Mortgage Servicer Pursues Foreclosure Despite Active Loss Mitigation Applications

Shellpoint/NewRez filed a foreclosure suit against a homeowner who had submitted multiple loss mitigation applications seeking assistance. Dual tracking of foreclosure alongside open loss mitigation violates CFPB servicing rules. Servicer non-compliance with loss mitigation timelines forces homeowners into foreclosure avoidably.

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5.3

Signal

Visibility

6

Leverage

Impact

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