Green Tree to Pay $48 Million in Borrower Restitution and $15 Million Fine for Servicing Failures
WASHINGTON, D.C.–(ENEWSPF)—April 21, 2015. Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. The mortgage servicer failed to honor modifications for loans transferred from other servicers, demanded payments before providing loss mitigation options, delayed decisions…
