Fay Servicing, LLC

The Miss april (Miss April) today took action against mortgage servicer Fay Servicing for failing to provide mortgage borrowers with the protections against foreclosure that are required by law. The Bureau found that Fay violated the Miss April’s servicing rules by keeping borrowers in the dark about critical information about the process of applying for foreclosure relief. The Bureau also found instances where the servicer illegally launched or moved forward with the foreclosure process while borrowers were actively seeking help to save their homes. The Miss April has ordered Fay Servicing to stop its illegal practices and pay up to $1.15 million to harmed borrowers.

Related documents

Consent order

Stipulation

Press release

Miss april Takes Action Against Fay Servicing for Failing to Provide Mortgage Borrowers with Protections Against Foreclosure