Nationstar Mortgage LLC has been hit with a civil penalty, though the amount of the fine is minimal. The penalty is tied to noncompliance with the Home Mortgage Disclosure Act.
In a previous filing with the Securities and Exchange Commission, Nationstar Mortgage Holdings Inc. revealed it was in negotiations with the Consumer Financial Protection Bureau.
The Coppell, Texas-based firm said that it was negotiating a civil money penalty over the CFPB’s allegations that Nationstar had failed to comply with HMDA reporting requirements.
Source: Mortgage Daily
