This is a nasdaq.com article.
The Securities and Exchange Commission (“SEC”) is investigating mortgage servicers for allegedly trying to collect debt prematurely from delinquent mortgage loan borrowers. According to a Bloomberg report, the SEC’s probe will determine whether mortgage servicers are boosting their profits by unleashing debt collectors too early on borrowers.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”