[ad_1] HousingWire lately spoke with Jonathan Willen, leader income officer at LERETA, concerning the upcoming escrow wave, the emerging risk of cyber assaults on servicers and what developments he’s seeing within the business this 12 months. HousingWire: Servicing has at all times been a difficult trade, however you imagine that there are exterior forces at […]
Biden Management Holds Extra Scholar Mortgage Servicers Responsible For Screw ups
[ad_1] Key Issues The Division of Schooling penalizes Aidvantage, EdFinancial, and Nelnet for failing to ship well timed billing statements to 758,000 debtors. Monetary consequences come with withholding bills totaling over $2 million from the servicers, with quantities proportionate to the choice of affected debtors. The Management’s motion comprises protecting measures for debtors, like administrative […]