The coming months could see more job losses as lenders adjust to the new economic environment. But some Massachusetts lenders don’t see layoffs on their horizon thanks to decisions made when the refinance boom began two years ago.
A national mortgage servicing company will pay nearly $1 million to Massachusetts residents to settle allegations related to its handling of requests to modify loans and avoid foreclosure.
More than 1,000 Massachusetts homeowners will receive a total of $2 million as part of a nationwide settlement with Texas-based Nationstar Mortgage.
The Consumer Financial Protection Bureau ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty last week for violating the Home Mortgage Disclosure Act by consistently failing to report accurate data about mortgage transactions for 2012 through 2014.
