Homeowners Seek OK Of Nationstar Deal In Mortgage Tax Suit

Law360 (August 14, 2019, 8:21 PM EDT) -- A proposed class of homeowners has asked a California federal court to preliminarily approve a deal to resolve claims the mortgage company formerly known as Nationstar failed to accurately report information the members needed to claim a mortgage tax credit.

The deal, hammered out in May, would require Nationstar, now known as Mr. Cooper, to provide amended tax returns or monetary payments to homeowners as a result of incorrectly reporting the capitalized interest to the Internal Revenue Service, according to a motion filed Tuesday. That error deprived class members of the mortgage interest deduction's full benefit, the motion said.

“The settlement offers...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS