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Consumer Group Upset by Fairbanks.(Brief Article)
Consumer advocates here who have been working with Fairbanks Capital Corp. claim that the mortgage servicer has gone back on an agreement it made with them.
The National People's Action, a nationwide coalition of community organizations, has been working with Fairbanks to address problems that its members are having with loans that Fairbanks services. Primarily, borrowers have complained about the company's overly aggressive foreclosure policies. In an August meeting in Cleveland, Fairbanks' senior vice president, Maggie Matthes, met with the East Side Organizing Project, a member organization of NPA.
She agreed to enter into a written agreement with ESOP and NPA, with the intention of identifying "mutually agreed upon industry best practices (and) loan repair process," according to NPA.
But in a fax sent in ...
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...repair process," according to the NPA. But in a fax sent in September, Fairbanks said that "we do not believe...obtained a copy of the fax from the NPA. Fairbanks, said Tracy Leary, an organizer with the NPA's coordinating member organization...
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...relationship," Mr. Willis told the NPA members attending the Washington...with them and be supportive." NPA has agreements with several...Portfolio Servicing (formerly Fairbanks Capital), Salt Lake City...companies. At the conference, the NPA co-chair introduced Paula...
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- Magazine article from: Mortgage Servicing News Collins, Brian June 1, 2006 700+ words
...relationship," Mr. Willis told the NPA members attending the Washington...with them and be supportive." NPA has agreements with several...Portfolio Servicing (formerly Fairbanks Capital), Salt Lake City...companies. At the conference, the NPA co-chair introduced Paula...
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- Magazine article from: Mortgage Servicing News June 1, 2004 700+ words
...the long, painful road to recovery, Fairbanks Capital Corp., Salt Lake City, has...recently, both of which had slashed Fairbanks ratings after publicity and lawsuits...In addition, Fitch Ratings removed Fairbanks from ratings watch "negative" status...
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- Magazine article from: American Banker BerGquist, Erick October 17, 2003 700+ words
...brought a constant stream of headaches for Fairbanks Capital Corp., the largest servicer...insurer PMI Group Inc. Not only has Fairbanks become the focal point for criticism...with the problems, PMI has shaken up Fairbanks' senior management, created an ad hoc...
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- News wire article from: Mortgage Line June 18, 2004 700+ words
...the long, painful road to recovery, Fairbanks Capital Corp., Salt Lake City, has...recently, both of which had slashed Fairbanks ratings after publicity and lawsuits...In addition, Fitch Ratings removed Fairbanks from ratings watch "negative" status...