Nationstar Can't Duck Mortgage Insurance Class Claims

By John Kennedy (July 20, 2016, 10:15 PM EDT) -- Nationstar Mortgage Holdings Inc. must face a putative class action claiming that the company refused to terminate consumers' private mortgage insurance in accordance with their mortgage agreements, a Pennsylvania federal judge said Wednesday.

U.S. District Judge Stewart Dalzell said that plaintiff Sue Song's first amended complaint contains enough factual matter to plausibly state her claims of breach of contract and unjust enrichment against Nationstar and that the Homeowners Protection Act doesn't preempt those claims.

Song originally took out her $308,000 mortgage loan in September 2010 from Bank of America and used it along with a down payment to buy a $343,000...

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