Experienced Class Action Lawyers and Complex Litigation Attorneys
New mortgage servicing rules enacted by the Consumer Financial Protection Bureau go into effect January 10, 2014 to protect consumers from widespread unfair practices related to force-placed mortgage hazard insurance. Mortgage servicers will now be prohibited[...]
Major mortgage lenders are being sued for forcing homeowners into overpriced homeowners and hazard insurance when the borrowers own policies have lapsed. JP Morgan recently settled a force-placed insurance lawsuit for $300 million. Force-Placed Insurance Overview[...]