(NNPA)—Consumers harmed by Green Tree Servicing, LLC, a major mortgage servicer, won an important victory. Joint enforcement actions by the Federal Trade Commission and the Consumer Financial Protection Bureau resulted in a return of $48 million to affected borrowers and a $15 million civil penalty fine, together totaling $63 million.
According to financial regulators from 2010-2014, Green Tree Servicing, LLC, mistreated mortgage borrowers who were trying to save their homes from foreclosures. The litany of charges reads like a financial nightmare for troubled homeowners:
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