Arizona, D.C. – Now an individual Financial Defense Bureau (CFPB) got step against Michigan-mainly based Flagstar Financial to possess breaking this new CFPB’s the fresh financial servicing laws because of the dishonestly blocking borrowers’ tries to save yourself their homes. At each and every step-in this new property foreclosure save process, Flagstar unsuccessful consumers. The financial institution got too much time for you to procedure borrowers’ apps for foreclosure recovery, didn’t tell individuals whenever the applications was indeed unfinished, declined financing variations in order to certified individuals, and you can illegally put off signing long lasting financing adjustment. (more…)