The mortgage-loan servicer Nationstar Mortgage LLC agreed to pay roughly $110 million to settle complaints of deceptive practices brought by the U.S. government and a coalition of all 50 state attorneys general.
In lawsuits filed in federal court in Washington on Monday, the Consumer Financial Protection Bureau and the states said Nationstar, owned by Mr. Cooper Group Inc., failed to properly oversee third-party vendors or respond to borrowers’ complaints, among other offenses. Mortgage servicers handle billing and collection on behalf of investors who own the loans and supervise foreclosures if borrowers don’t pay.
The CFPB said in a press ...
