Florida Home Loans News

Settlements for mortgage insurance kickbacks reach $39M in Florida, NJ

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A federal court has given preliminary approval to $15 million in settlements for a national class action lawsuit accusing mortgage companies of taking kickbacks from mortgage insurers. The latest.

PHH Agrees To Pay $74 Million To Resolve Alleged False Claims Act Liability Arising From Mortgage Lending.. Insuring a loan for FHA mortgage insurance even though the borrower did not meet HUD’s minimum statutory investment for the loan.. District of New Jersey, Southern District of.

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The plaintiffs are borrowers who launched a putative class action against ResCap affiliate gmac mortgage llc in April 2012 alleging it received kickbacks. claims in the class action. The borrowers.

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They have secured more than $5 billion in settlements over the past five years. This success has resulted in more expansive views of the FCPA’s reach and innovative arguments. a non-stop route from.

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Law360, New York (April 14, 2016, 3:33 PM EDT) — PNC’s $32.3 million settlement with homeowners alleging the bank overcharged them for force-placed insurance got approval Wednesday, when a Florida.

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Law360, Chicago (October 24, 2014, 2:26 PM EDT) — Disgruntled class members on Thursday challenged a purported 1 million settlement. due to kickbacks. Wells Fargo allowed Assurant to.