DC LEADS MULTISTATE ENFORCEMENT, JOINS $15.5 MILLION SETTLEMENT WITH MORTGAGE SERVICER OVER FORCE PLACED INSURANCE

The District of Columbia, leading a multistate enforcement team that included Arkansas, Iowa, Massachusetts, and Montana, and working alongside 48 state financial regulators, has reached a $15.5 million settlement with one of the nations largest mortgage servicers for improperly imposing force placed insurance costs on borrowers who already had active…