In addition, the us government settled a municipal swindle suit facing Flagstar Financial inside 2012 to possess badly giving mortgages for regulators insurance coverage. Flagstar is ordered to spend a beneficial $132.8 million penalty and to reform the company strategies. 2 years later on, the user Financial Safeguards Bureau grabbed step facing Flagstar Financial for dishonestly blocking borrowers’ attempts to avoid property foreclosure. The fresh CFPB ordered Flagstar to expend $twenty seven.5 mil so you can impacted homeowners and you will pay good $ten million great. An excellent Flagstar affiliate shared the next effect for the a written statement: We take consumer complaints really surely, which is why i’ve a rigid, enterprise-broad program set up to deal with customer things. Read More >