Fannie and Freddie tell mortgage servicers not to refer new cases to Baum firm

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Fannie Mae, CFPB in Sync on Servicer Rules. CFPB has expressed dissatisfaction with the servicing industry’s practices and record-keeping even before the mortgage crisis and has said that many servicers were not prepared for the influx of delinquencies when times got rough.

Standardized, computer-based scoring systems now rate the creditworthiness of applicants, and the giant, government-chartered Fannie Mae and Freddie Mac have helped create huge pools of credit by.

Fannie and Freddie tell mortgage servicers not to refer new cases to Baum firm fannie mae and Freddie Mac have notified servicers that they can no longer refer foreclosure or bankruptcy cases to the law firm of Steven J. Baum, P.C. in upstate New York.

Benjamin Lawsky just made it easier to be a mortgage banker in New York New York State Superintendent of Financial Services Benjamin Lawsky has forced the resignation of the chairman and CEO of a mortgage servicer, Ocwen over a range of borrower abuses in violation of a previous settlement agreement, including wrongful foreclosures, excessive fees, robosigning, sending.

Fannie Mae and Freddie Mac have notified servicers that they can no longer refer foreclosure or bankruptcy cases to the law firm of Steven J. Baum, P.C. in upstate New York. The Baum law firm has.

Many of the country’s largest banks received $6 billion in kickbacks from mortgage. lenders did not tell borrowers in advance that their captives were reinsuring the deals, HUD investigators.

[Update 1: Adds confirmation that Fannie suspended new referrals to Baum firm] Fannie Mae said Tuesday that it told mortgage servicers to stop referring new foreclosure cases to the Steven J. Baum.

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Fannie and Freddie tell mortgage servicers not to refer new cases to Baum firm Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation.