Nationstar Mortgage named in class action lawsuit in connection with use of force placed insurance

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Nationstar Forced Placed Insurance Class Action. Other force-placed insurance class action settlements have also been reached with JPMorgan Chase NA, HSBC USA NA, Citibank NA and Wells Fargo NA. Bank of America also settled a force-placed insurance class action lawsuit for $228 million in April 2014.

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Settle Force Placed Insurance Suit Samantha Joseph, Daily Business Review November 11, 2015 Two of the largest mortgage servicers in the U.S. reached a combined $217 million settlement in Miami federal court over a national homeowner insurance scandal. Ocwen Loan Servicing LLC and Nationstar Mortgage faced class action lawsuits covering

WAYNE, Pa., June 23, 2015 /PRNewswire/ — Ryan & Maniskas, LLP that a class action lawsuit has been filed in United States District Court for the Southern District of Florida on behalf of all.

New Force-Placed Insurance Rules Prompt 0 million agency sale. The switchboard operators at Nationstar’s headquarters in Lewisville, Texas, haven’t heard of Harwood. Call-center employees of Assurant Inc., the insurance carrier whose policies Harwood sells, say the company is just a name used to refer Nationstar business.

The class action complaint was brought on behalf of all persons who have or had a residential mortgage loan or line of credit owned and/or serviced by defendants Nationstar Mortgage, LLC ("Nationstar Mortgage") and Nationstar Mortgage Holdings, Inc. ("Nationstar Holdings") (collectively "Nationstar" or the "Nationstar Defendants") and, in connection therewith, were required to pay for "force-placed" insurance on the secured property.

The Class-Action & Compliance Sentinel keeps real estate professionals apprised of the latest developments in class-action litigation and compliance matters in your industry. We recognize that potential class liability often goes hand-in-hand with compliance issues, so it’s smart to stay abreast of both subjects.

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If you think that you may have been a victim of an unfair force-placed insurance policy, contact Parker Waichman LLP today to find out about joining a class action lawsuit. Avoiding Force-Placed Insurance. In most cases, when a consumer has a mortgage, insurance premiums are added to their mortgage payment.