Blog posts with "HSBC"

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Regulators Ban Wells Fargo and HSBC from Acquiring New Mortgage Servicing Business

The Office of the Comptroller of the Currency recently restricted mortgage servicing operations at Wells Fargo, HSBC, JPMorgan Chase, Santandar Bank, U.S. Bank, and EverBank based on their failure to comply with the mortgage servicing standards the banks agreed to within the consent orders they entered into following “scandals involving the so-called robo-signing of foreclosure documents by officials without knowledge of the facts as well as other legal shortcuts, lost paperwork and imprope...

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