Violation Tracker Individual Record

Company: 
Nationstar Mortgage, LLC dba Mr. Cooper
Current Parent Company: 
Mr. Cooper Group
Penalty: 
$9,118,784
Year: 
2017
Date: 
December 4, 2017
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Nationstar agreed to pay $4.8 million civil penalty plus refunds in settlement of allegations it overcharged borrowers interest and fees. Some refunds for interest overcharges and fee overcharges had already been paid as part of compliance with the Order.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Financial Protection and Innovation
Civil or Criminal Case: 
civil
Facility State: 
California
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.