Nationstar Mortgage Holdings Inc.

Robbins Arroyo LLP Is Investigating the Officers and Directors of Nationstar Mortgage Holdings Inc. (NSM) on Behalf of Shareholders

Robbins Arroyo LLP is investigating whether certain officers and directors of Nationstar Mortgage Holdings Inc. (NYSE: NSM) breached their fiduciary duties to shareholders by reporting inaccurate mortgage loan data. Nationstar provides servicing, origination, and transaction based services primarily to single-family residences in the United States.

Nationstar Faces $1.75 Million Penalty for Reporting Errors

On March 15, 2017, the Consumer Financial Protection Bureau (“CFPB”) ordered Nationstar to pay a $1.75 million civil penalty for violating the Home Mortgage Disclosure Act (“HMDA”) by failing to report accurate data about mortgage transactions from 2012 through 2014. Nationstar must also take the necessary steps to improve its compliance management to prevent future violations, and review, correct and make available its corrected HMDA data from 2012-2014. Through its supervision process, the CFPB found that Nationstar’s HMDA compliance systems were flawed and generated mortgage lending data with significant, preventable errors. Further, the company failed to maintain detailed HMDA data collection and validation procedures and produced discrepancies by failing to consistently define data among its lines of business.

Nationstar Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.

 

Shareholder Information

Items marked with an asterisk (*) are required information.

First Name * Last Name *
Phone *
E-mail * Confirm: E-mail *
Number of Shares Owned:
Comments:

Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

* I have read the disclaimer information
+=

    Send This Post