April 21, 2016
A New York federal judge has granted preliminary approval of a settlement worth $4.12 million between borrowers and a group of mortgage servicers they accuse of illegally collaborating to require customers to buy force-placed insurance, according to an order issued on Wednesday.
February 03, 2016
Borrowers accusing a group of mortgage servicers and insurers of illegally collaborating to require customers to buy force-placed insurance had some of their class action claims eliminated on Tuesday by a New York federal judge because of a rule barring claims based on regulator-approved rates.
July 29, 2015
A recent Second Circuit decision invoking the filed rate doctrine is fatal to two suits claiming mortgage servicers accepted kickbacks from insurers in exchange for requiring customers to buy force-placed insurance, a New York federal judge was told Tuesday.
February 23, 2015
Morgan Stanley and its former mortgage servicer joined several companies asking a New York federal judge Friday for an early exit from a class suit alleging the companies required mortgage customers to buy force-placed insurance and took kickbacks from insurers, arguing that the suit's allegations lack factual support.
February 20, 2015
Several companies named in a proposed class action accusing them of scheming to require mortgage customers to buy force-placed insurance and taking kickbacks from insurers asked a New York federal court on Friday to dismiss claims against them, arguing they were wrongfully included in the litigation.
January 28, 2013
Goldman Sachs Group Inc., Litton Loan Servicing LP and Ocwen Financial Corp. were hit Wednesday with a proposed class action alleging they schemed to require mortgage customers to buy force-placed insurance and took kickbacks from insurers.