Mr. Cooper To Issue $90 Million In Refunds To Settle Lawsuit Over Illegal Foreclosures Mr. Cooper to issue $90 million to former customers. The refunds are to settle a lawsuit alleging the nonbank lender committed illegal foreclosures. The nation’s largest nonbank servicer of mortgage loans will pay a civil penalty of more than $6.5 million. […]
Nationstar Executive Edward Hyne Testifies Aurora Bank Policies Included Forging Note Endorsements Nationstar Executive Edward Hyne sat for a deposition in a bankruptcy case last month. Normally, this would not be a big deal. However, this time the Nationstar executive dropped a bombshell about the now-defunct Aurora Loan Servicing. He claimed in his deposition that Aurora doctored […]
Wamu Successor WMIH To Buy Controlling Stake In Nationstar For $1.9 Billion WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc. The company had limited operations other than WMMRC’s legacy reinsurance business. However. it has now become a contender in mortgage lending. The company announced it plans to buy a controlling interest in Nationstar Mortgage. […]
Mr Cooper Forced To Pay The State Of Maryland $1.5 Million Over Illegally Charged Inspection Fees Mr Cooper formerly known as Nationstar Mortgage will pay out more than $1.5 million to the state of Maryland. The state had accused the lender of illegally charged homeowners for inspection fees. Maryland Attorney General Brian Frosh alleges Nationstar passed certain home inspection costs on […]
NYDFS Squeezes $17 Million In Fines Out Of Nationstar aka Mr Cooper For Violating New York Finance Laws The New York Department of Financial Services has announced reached a $17 million settlement with Nationstar aka Mr Cooper. The NYDFS accused the lender of violating a plethora of NYS financial laws. Lending Website Housingwire stated: The settlement shouldn’t come […]
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