Trump Gutted Agency Investigating Zombie #Mortgage #DebtCollectors
Bloomberg identified more than two dozen firms that took over second loans belonging to at least 12,000 homeowners. These “zombie debt collectors” were among the most active in pursuing old second #mortgages and faced lawsuits from borrowers who contested their efforts to collect. Hundreds of thousands more borrowers remain exposed on more than $32 billion of the old loans.
https://www.bloomberg.com/graphics/2025-zombie-home-mortgage-debt-collection-investigation/
https://archive.ph/xC6yp
#CFPB
Bloomberg identified more than two dozen firms that took over second loans belonging to at least 12,000 homeowners. These “zombie debt collectors” were among the most active in pursuing old second #mortgages and faced lawsuits from borrowers who contested their efforts to collect. Hundreds of thousands more borrowers remain exposed on more than $32 billion of the old loans.
https://www.bloomberg.com/graphics/2025-zombie-home-mortgage-debt-collection-investigation/
https://archive.ph/xC6yp
#CFPB