Newrez agrees to $15.5M settlement over forced-place insurance
Regulators in 46 states and DC reached a $15.5M settlement with Newrez over lender-placed insurance charges and refunds.
Regulators in 46 states and DC reached a $15.5M settlement with Newrez over lender-placed insurance charges and refunds.
BELLINGS Intelligence Score: 25
Why it matters
The $15.5M settlement involving Newrez and forced-place insurance affects a broad set of states and touches on regulatory enforcement in mortgage servicing, which is relevant to credit professionals monitoring compliance and risk in lending practices.
Sources
HousingWire
Newrez agrees to $15.5M settlement over forced-place insurance
Regulators in 46 states and DC reached a $15.5M settlement with Newrez over lender-placed insurance charges and refunds.