Nationstar Mortgage Discloses Fine for HMDA Violations

Nationstar Mortgage Discloses Fine for HMDA Violations

Nationstar Mortgage disclosed (HousingWire, March 9, 2017) that it is facing a potential fine related to violations under the Home Mortgage Disclosure Act (HMDA). The disclosure, made in its 2016 10-K filing with the Securities and Exchange Commission, acknowledges that it is currently in negotiations with the Consumer Financial Protection Bureau (CFPB) regarding the payment amount for monetary penalties related to the mortgage lender’s alleged violations. Details regarding the nature of the HMDA violations were not disclosed and neither Nationstar nor the CFPB provided any additional comments on the situation. This story may develop as additional information becomes available.

March 10th, 2017|