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

A large investor was extending a bullish position in Nationstar Mortgage before its quarterly results this morning. optionMONSTER’s market scanner shows that 9,500 January 10 calls were sold for $2.80.

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Wells Fargo & Co. has agreed to pay at least $386 million to settle a 2017 class-action lawsuit addressing its auto collateral-protection insurance practices.

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no bad faith, no force placed insurance, but subrogation. A fire loss was the reason for the claims in EMCASCO Insurance Co. v. Knight, 2014 WL 4269116 (N.D. Ala. August 22, 2014). The insurance company, EMCASCO, declined to pay the Knights for the fire loss and sued them instead.

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.

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The U.S. Supreme Court, in a ruling that will mean new limits on class-action suits, Bloomberg the Company & Its Products Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg.

 · If any of these lenders held a mortgage on your home and force-placed flood insurance on your property, it is critical for you to contact gilman law llp today, at 1.

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The Sixth Circuit found that the settlement should not have been approved because the disparity in the relief it provided to the named plaintiffs and to the unnamed class. mortgage lenders and.

 · New Force-Placed Insurance Rules Prompt $100 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.