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Newrez servicer hit with second zombie mortgage suit
27 Mar 2025 20:33 GMT
Specialized Loan Servicing, a mortgage servicer acquired by Newrez, faces fresh accusations of inflating balances on dormant second mortgages.
A lawsuit filed in a North Carolina federal court alleges that SLS, now part of Shellpoint, failed to provide …
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'Zombie Mortgages' Are Rising From the Dead—Here's How To Fight Back
05 Jul 2024 16:06 GMT
Getty ImagesZombie mortgages sound like something out of a horror movie—and for people who are just now discovering that they have one, they are.
Across America, thousands of stunned homeowners have learned that their homes are under foreclosure due to an …
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Challenging the debt buyers: A Virginian wins her case — without a lawyer
01 Mar 2024 12:07 GMT
When Mazie Green got the notice that a Norfolk-based firm that buys debt from lenders had filed a claim in Alleghany County General District Court that she owed it $8,914.31 she did what many a Virginia mountaineer would do.
In fact, she kept saying that, …
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CFPB Bites of the Month - 2023 Annual Review - Debt Collection
22 Feb 2024 18:39 GMT
In this article, we share a timeline of our monthly "bites" for 2023 applicable to debt collection. If debt collection in 2023 had a theme it would be medical debt. Medical debt woes transcend political parties and affect nearly all demographic …