Something we sent to contacts-#wblendingsolutions
Protect yourself. According to Government Agency, home mortgage customers being repeatedly foreclosed and shortchanged due to “computer error”.
According to Government Agency, home mortgage customers being repeatedly foreclosed and shortchanged due to “computer error”.
“The Consumer Financial Protection Bureau just fired a shot across the bow of the country’s mortgage servicers after it found that some servicers are using outdated computer systems that could run them afoul of CFPB rules.
The CFPB issued a special supervision report Wednesday focused specifically on mortgage servicers, stating that its investigators discovered that some mortgage services are currently using “failed technology” that has already “harmed” some consumers… The rules also include protections for struggling homeowners, including those facing foreclosure…”
Some ways to protect yourself – http://www.cnbc.com/id/100420577
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Walnut Creek, Ca. 94598
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