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CFPB Exam Points to Potential Reverse Mortgage Servicing Problems – In reviews focused on the servicing of Home Equity Conversion Mortgage (HECM. “The servicer(s) also changed policies and procedures to assist in charging the late fee amount authorized by the.
Foreclosure | USAGov – Foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.
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