Nationstar fined $5M by New York regulator

Dallas mortgage company Nationstar (NYSE: NSM) will pay $5 million in fines leveled by a key New York regulator for mishandling documents and loans during its boom years following the housing crisis.

The company, which was acquired by the former parent of failed bank Washington Mutual earlier this year, has been under investigation for how it treated struggling borrowers as it acquired massive amounts of loans while regulators cracked down on the industry. It began talks to reach a settlement last…

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