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Curtis Hill reaches $86.3M settlement with Nationstar Mortgage
By: Sheila McCrea - Tuesday, December 8, 2020

Attorney General Curtis Hill has joined 50 other attorneys general and other state and federal agencies in securing an $86.3 million settlement with Nationstar Mortgage, the fourth-largest mortgage servicer in the country.

The multistate settlement resolves allegations that Nationstar, which does business as “Mr. Cooper,” violated consumer protection laws during its servicing of mortgage loans. Thousands of borrowers had problems when their loans were transferred to Nationstar, which sometimes led to foreclosures.

The consent judgment, filed Monday in the U.S. District Court for the District of Columbia, provides approximately $79.2 million in relief affecting 55,814 loans nationally. It covers conduct by Nationstar occurring from Jan. 1, 2011, until Dec. 31, 2017.

About 1,303 loans in Indiana were affected, for a total amount of approximately $1.26 million.



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