Arkansas shares in settlement by mortgage servicing company


Arkansas will share in a $90 million national settlement by Nationstar Mortgage, doing business as Mr. Cooper, to end an investigation of allegations including impermissible mortgage origination fees, missed escrow payments, failure to provide mortgage insurance, mishandling of loan modifications and wrongful foreclosures.

A news release from the Arkansas Securities Department said In Arkansas the order provides $517,292 for 490 consumers and civil penalties of $750,000.


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