50 states reach $ 86.3 million settlement agreement with Nationstar mortgage over consumer violations
Fifty state attorneys general, including Connecticut and the Washington, DC attorney general, announced Monday morning that they had reached $ 86.3 million. regulation with Nationstar Mortgage, based in Dallas, Texas, to resolve allegations the company violated numerous consumer protection laws.
A state investigation found that the company, which operates as Mr. Cooper Group Inc., had persistent problems with thousands of borrowers when their loans were transferred to Nationstar, the fourth largest nationwide mortgage service.
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