Nationstar Mortgage named in class action lawsuit in connection with use of force placed insurance

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against Ocwen Financial Corporation, Ocwen Mortgage Servicing, Inc., and ocwen loan servicing, LLC (collectively “Ocwen” or “Defendants”) under Sections 1054 and 1055 of the Consumer Financial Protection Act of 2010 (“CFPA”), 12 U.S.C. §§ 5564 and 5565. Ocwen is one of the largest mortgage servicers in the United States. The Company

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NEW YORK, NY–(Marketwired – Oct 10, 2014) – Pomerantz LLP has filed a class action lawsuit against Ocwen Financial Corporation. with Altisource relating to the provision of force-placed insurance.

If you think that you may have been a victim of an unfair force-placed insurance policy, contact Parker Waichman LLP today to find out about joining a class action lawsuit. Avoiding Force-Placed Insurance. In most cases, when a consumer has a mortgage, insurance premiums are added to their mortgage payment.

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The individuals pursuing the class action are called class representatives or lead plaintiffs. The individuals not named in the lawsuit but who are also entitled to potential recovery are called class members. Class actions are generally filed to resolve legal issues where individual cases cannot be economically justified.

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 · New Jersey-based lender Freedom Mortgage Corp has been hit with a proposed class action accusing it of making illegal profits on force-placed insurance, coverage that.