Nationstar Lawsuit

07/26/2016

Nationstar Lawsuit Investigation Challenges Private Mortgage Insurance

Nationstar Lawsuit Private Mortgage Insurance

Audet & Partners, LLP is investigating claims by customers of Nationstar Mortgage that the company violated federal law by failing to remove Private Mortgage Insurance (PMI) once borrowers' loan to value ratio dropped below a statutory threshold. It has been alleged that Nationstar violated the federal Homeowner Protection Act (HOPA) which was enacted in 1998 to specifically address problems being experienced by homeowners in cancelling PMI coverage.  Under HOPA, a mortgage provider is legally required to terminate a borrower's Private Mortgage Insurance when... Read More