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Mortgage System Still Victimizing Homeowners, Watchdog Finds

Mortgage System Still Victimizing Homeowners, Watchdog Finds

The Consumer Financial Protection Bureau on Wednesday issued a reportdetailing a host of failures in basic mortgage payment processing at U.S. financial institutions.

While the report does not specifically name any companies, the agency’s oversight authority includes all of the largest mortgage companies in the country, as well as smaller specialty operators.

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