General World News

Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?

Nationstar Mortgage — currently doing business as Mr. Cooper — has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure.

Attorneys general and mortgage regulators in 50 states, as well the District of Columbia, agreed to a settlement that requires Mr. Cooper to provide $5.8 million in payments to eligible borrowers.

Two groups of homeowners — a service transfer population and a property preservation population — are eligible for relief under the settlement. Service transfer borrowers moved their loans to Mr. Cooper for servicing between February 2011 details ⇒

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