FlagStar Bank Close to Settlement with CFPB

Flagstar Bancorp Latest Mortgage Related Settlement

Flagstar Bancor(FBC) is close to reaching an agreement to settle allegations surrounding its loss mitigation and loan servicing business according to an article by Housingwire.com.

In 2012 Flagstar settled a lawsuit by the US Attorney of Southern New York alleging fraudulent mortgage lending for a cool $133,000,000.00 as report in Detroit Free Press.com

The bank also reached settlements with Freddie Mac and Fannie Mae that were also north of one hundred million dollars as reported in Crains Detroit.

If you have a mortgage with Flagstar and need help with a loan modification do not hesitate to contact my office.

To talk to a lawyer call 410-849-9529

 

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