Wednesday, May 25, 2016

OCC terminates Wells Fargo's #mortgage servicing restrictions

The OCC announced on Wednesday that it lifted #mortgage serving requirements on Wells Fargo now that it is in compliance with the requirements of the Independent Foreclosure Review. Wells Fargo is the most recent bank in a group of six to have its requirements lifted. But Wells Fargo didn’t come out of this unscathed and must pay a $70 million civil money penalty for previous violations of the order. http://www.housingwire.com/articles/37115-occ-terminates-wells-fargos-mortgage-servicing-restrictions ❤️ #share #mortgage



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