Homeward LPI Class Action Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:

According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

The plaintiffs in this lawsuit allege that AHMSI (now Homeward Residential, Inc.) charged Florida borrowers arbitrary, excessive, and unreasonable amounts for the LPI placed on their accounts.  This allegedly violates the Florida Deceptive and Unfair Trade Practice Act, breached the covenatn of good fair and fair dealing implied in their standard form mortgages, and the defendants were unjustly enriched.

Docket Number:


Company: Homeward Residential

Filing Deadline: August 29, 2016

Class Period: July 1, 2008 to March 31, 2013

Objection Deadline: July 15, 2016

Exclusion Deadline: July 15, 2016

Final Approval Hearing: July 29, 2016

Proof of Purchase: Eligibility:

If you were or are a borrower with a loan secured by property in Florida who between July 1, 2008 and March 31, 2013, were charged by Homeward for one or more LPI policies, and who either paid some or all of this premium, or did not pay some or all of this premium but still owe some or all of this premium, you are a member of the Settlement Class and may be eligible for a mortgage escrow account credit or payment.

Typical Settlement Amount:

12.5% of LPI net premium

Total Settlement Amount: $18,759,750

Class Representative Proposed Incentive Fee:


Law Firms:
Axelrod LLP
Law Offices of James A. Bonfiglio PA
Liggio Benrubi PA
Shapiro Haber & Urmy
Silber and Davis

Claim Form: Proof of Claim

Case Name: Julie Ann Rico v. American Home Mortgage Servicing, Inc.

Settlement Website: Homeward LPI Settlement

Claims Administrator:
Garden City Group, LLC

Claims Administrator Contact Information:

c/o GCG
P.O. Box 10275
Dublin, OH 43017-5775


Tags: Deceptive Insurance Practices, Forced Placed Insurance