The parent of Nationstar Mortgage LLC is in the middle of negotiating a settlement with the Consumer Financial Protection Bureau.
At issue is the company’s alleged failure to comply with the
reporting requirements of the Home Mortgage Disclosure Act.
The Coppell, Texas-based company is currently in negotiations with the bureau
regarding the payment of civil monetary penalties.
Parent Nationstar Mortgage
Holdings Inc. disclosed the negotiations in a Form 10-K filing with the Securities and Exchange Commission.
“We have experienced an increase in regulatory and governmental investigations, subpoenas, examinations and other inquiries,” the filing stated. “We are currently the subject of various regulatory or governmental investigations, subpoenas, examinations and inquiries related to our residential loan servicing and origination practices, bankruptcy and collections practices, financial reporting and other aspects of our businesses.”
Nationstar noted that it believes the resolution of the matter won’t have a material effect on its results of operations or financial position.
