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

Nationstar Lawsuit Investigation Challenges Private Mortgage Insurance. Under HOPA, a mortgage provider is legally required to terminate a borrower’s Private Mortgage Insurance when the principle balance of the mortgage is first scheduled to reach 78% of the original value of the property, and the borrower is current on his or her mortgage payments.

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New York, NY: Yet another Lender insurance class action lawsuit could soon be in the pipeline with investigation into the machinations of Cenlar FSB, identified as a leading provider of mortgages.

 · 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.

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 · If you are affected by the Nationstar, Assurant Force-Placed Insurance Class Action Lawsuit, you may be able to make a claim and get a cash or credit award. To get started, you will need to fill out a claim form by 10/14/2015 and provide proof of identity.

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The trial is to decide whether the claims made against Nationstar Mortgage LLC, on your behalf, are correct. Judge Thomas O. Rice of the United States District Court, Eastern District of Washington, is overseeing this class action. The lawsuit is known as Laura Zamora Jordan v. Nationstar Mortgage, LLC, Civil Action No. 2:14-cv-0175-TOR. 2.

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