Reports of irregularities in the foreclosure practices of servicers throughout the industry sparked the investigating of PHH Mortgage, according to a recent release from New York’s Department of Financial Services.
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Florida's Supreme Court rules in favor of mortgage servicers in a landmark foreclosure decision.
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Until now, demand letters, notices of acceleration and acceleration notices have largely been taken as synonymous in the mortgage servicing industry. However, a recent case in Illinois sends a powerful message to servicers.
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