Just months following a settlement over illegal fees paid to an appraisal affiliate, Prospect Mortgage LLC has agreed to a settlement tied to government-insured loans.
Back in January, the Sherman Oaks, California-based mortgage banker agreed to a consent order with the Consumer Financial Protection Bureau.
At issue were fees paid to an appraisal affiliate of Prospect, which the CFPB claimed violated the Real Estate Settlement Procedures Act.
Source: Mortgage Daily
