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Liberty Reverse Mortgage hit with class-action suit alleging violation of California labor laws

Housing Wire

Liberty Reverse Mortgage , a top 10 reverse mortgage lender owned by Ocwen Financial Corp. and its subsidiary PHH Mortgage Corp., This includes compensation for meal and rest periods that were allegedly unfulfilled, as well as expenses incurred by the class for their job duties and any legal fees that may arise from the case.

Law 395
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Mr. Cooper sues ACI for damages related to unauthorized mortgage payments

Housing Wire

Mortgage servicer Nationstar , doing business as Mr. Cooper , has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago. In total, ACI initiated around 1.4 million ACH withdrawals. ”

Mortgage 386
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ALTA: Protecting property rights with title insurance

Housing Wire

For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. Consumers can shop around and should compare policies.

Insurance 464