Residential mortgage loan servicer Fairbanks Capital Corp. said today that it is officially changing its name to Select Portfolio Servicing Corp. Company President Matt Hollingsworth said that the name change was in keeping with "a new stronger and more positive relationship with consumers, bondholders, clients, community groups and regulators." Salt Lake City-based Fairbanks came to the forefront last year due to allegations and charges in connection with predatory loan servicing.
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