Company News: Page (1) of 1 - 03/20/17 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

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

(March 20, 2017)

SAN DIEGO & COPPELL, Texas--(BUSINESS WIRE)--$NSM #NationastarMortgageHoldings--Shareholder rights law firm 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.


View this press release on the firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/nationstar-mortgage-holdings-inc

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, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.


Contacts

Robbins Arroyo LLP
Darnell R. Donahue
(619) 525-3990 or Toll Free (800) 350-6003
DDonahue@robbinsarroyo.com
www.robbinsarroyo.com


Page: 1


Related Keywords:
Related Sites: DMN Newswire
Related Newsletter: Tutorial Finder ,   Review Seeker ,   DMN Newswire Newsletter
HOT THREADS on DMN Forums

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved