California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations

This is an AI-written summary of an article originally published by Insurance Journal — West Region. Please read the original article for the full story.

Select Portfolio Servicing paid $4.6M to settle charges of pandemic-era foreclosure law violations in California.

A large mortgage servicer handling subprime loans has agreed to a settlement with California's Attorney General for allegedly breaking mortgage servicing and debt collection laws during the pandemic. The $4.6 million payment addresses violations that affected homeowners seeking protection from foreclosure during the economic crisis. This settlement underscores California's enforcement of consumer safeguards meant to protect borrowers when they're most vulnerable to losing their homes.

AI summary by callmor.ai, based on reporting by Insurance Journal — West Region. Read the original article →