Tag Archives: insurance

Update: IndyMac/OneWest Bank Denied Second Bid to Dismiss HAMP Class Action Lawsuit

On July 27, 2010, plaintiff Stacey Fletcher filed a putative class action complaint alleging that the defendant IndyMac Mortgage Servicers, FSB (a division of OneWest Bank, FSB)(“OneWest”) mishandled her application for a mortgage loan modification pursuant to the Home Affordable Modification Program … Continue reading

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HSBC Denied Bid to Dismiss Class Action Lawsuit Over Force-Placed Insurance

As we previously explained in our May blog post, which covered the N.Y.S. Department of Financial Services Probe Into Force-Placed Insurance, in order to obtain a mortgage, lending banks usually require homeowners to maintain insurance on their property. If a … Continue reading

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Update: The New York Department of Financial Services Orders Force-Placed Insurers to Submit New Rates

We have an update to our May blog post regarding The New York State Department of Financial Services (“DFS”) probe into the “force-placed insurance” industry. After holding several days of public hearings the DFS determined that numerous insurers have been … Continue reading

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