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

Judge Axes Claims In BofA Mortgage Fee Class Action. By. Bank of America NA and Nationstar Mortgage violated the Fair. sought and purchased force-placed flood insurance for Alhassid’s.

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And yet, as Dana Milbank notes, in comparison to recent revelations about her and the national caricature that is the result, her performance was clearly an improvement. If that’s so, there are two.

 · Plaintiffs pejoratively refer to this practice as “backdating,” even though it is permitted by the security instruments, recommended by numerous federal regulators and required by the secondary mortgage market. THE RISE OF LPI CLASS LITIGATION. Lender-placed insurance is neither novel nor peculiar in the mortgage context.

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In accordance with RESPA and Section 131(f) of the Truth-in-Lending Act, 15 U.S.C. Section 1641(f) (2), please provide me with the name, address, and Telephone number of the owner of the Promissory Note signed by me and secured by the deed of trust in my mortgage loan referenced above.

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.

Uber Lawsuit. Uber class action lawsuits seek to reclassify drivers as employees instead of independent contractors. As employees, drivers would be entitled to benefits.

Richard E. Gottlieb is co-resident in the firm’s Chicago and Los Angeles offices and leader of the firm’s industry-leading consumer financial services practice. Long recognized as one of the nation’s leading financial services attorneys, Richard is one of only a dozen lawyers ranked nationally in the category by Chambers and Partners since inception in 2011, and this year’s edition.

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