Bloomberg Law
July 30, 2020, 5:56 PM

Mortgage Company Mr. Cooper Nears Settlement With CFPB, States

Evan Weinberger
Evan Weinberger
Assistant Managing Editor

Mortgage company Mr. Cooper Group Inc. said it’s close to a final settlement with the Consumer Financial Protection Bureau and state regulators to resolve unspecified enforcement matters.

The Coppell, Texas-based company said in a Thursday securities filing that it has “reached a settlement in principle” with the CFPB, state mortgage banking regulators, various state attorneys general, and others over “legacy” matters, it said in a securities filing Thursday.

The settlements would resolve alleged violations that regulatory examinations turned up in prior years, the filing said. Mr. Cooper, formerly known as Nationstar Mortgage, engages in both the servicing and origination of ...

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