Sentence examples for servicing practice from inspiring English sources
"However, should the borrower not be able to switch to a repayment loan, standard servicing practice is for the lender to require principal payments or for the loan to remain fully interest-only.
Because evidence of extensive and abusive servicing practices does in fact exist.
The F.T.C. inquiry followed a March 2008 article in The New York Times that focused on mortgage servicing practices.
The program arose out of a regulatory review in late 2010 of loan servicing practices at the nation's largest banks.
The findings should dispel any notion that toxic servicing practices were atypical or have done no harm.
Pillar Processing's default servicing practices have attracted criticism from Cecelia G. Morris, bankruptcy judge in the Southern District of New York.
The deal arose from a federal and state investigation into mortgage servicing practices that revealed how banks evicted homeowners without proper documentation.
For example, agency officials called for the standardization of loan servicing practices to ensure that the financial institutions administering mortgages owned by others treat borrowers and investors fairly.
In 2013 they settled a complaint about sloppy and shoddy servicing practices.
The CFPB is developing new rules to end abusive loan servicing practices.
In fact, their pricing and defaulted-loan servicing practices have only made matters worse.
