EverBank Force-Placed Insurance Class Action Settlement

Plaintiffs allege that when a borrower was required to have insurance for his or her property pursuant to a Residential mortgage or home equity loan or line of credit serviced by EverBank and evidence of acceptable coverage was not provided, EverBank would place insurance in a manner such that EverBank allegedly received an unauthorized benefit.  Read more

U.S. Bank Force-Placed Insurance Class Action Settlement

Plaintiffs in this lawsuit allege that when a borrower was required to have insurance for his or her property pursuant to a residential mortgage or home equity loan or line of credit, and evidence of acceptable coverage was not provided, U.S. Bank would place insurance in a manner such that U.S. Bank allegedly received an  Read more

Homeward LPI Class Action Settlement

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  Read more

EverBank Force-Placed Insurance Settlement

This settlement resolves a class action alleging that when EverBank force-placed homeowner’s insurance, it did it in such a manner as to receive a kickback, and also in a way that resulted in excessive rates and coverage amounts.   Read more

Caliber Home Loans Force-Placed Insurance Class Action

This class action lawsuit alleges that Caliber Home Loans, in conjunction with American Security Insurance Company, engaged in a force-placed insurance scheme which caused mortgage borrowers to pay inflated, unjust and unearned commissions, fees and kickbacks.  Read more

LoanCare Force-Placed Insurance Practices Questioned

A class action has been filed against mortgage servicer LoanCare, questioning its practices with force-place insurance covering property used as collateral for mortgages.  Read more

Ocwen Forced Placed Lender Insurance Settlement

This class action alleges that Ocwen Loan Servicing required home-loan borrowers to pay for lender-placed insurance (LPI) policies from Assurant companies in such a way that Ocwen received a “kickback” commission or other payment. It also claims that the rates and amount of coverage were excessive. The Assurant companies included in the class action are  Read more