Fort Washington-Based Nationwide Mortgage Servicer to Pay $15.5M Settlement for Imposing ‘Force-Placed’ Insurance Costs - Around Ambler

NJ joins $15.5M settlement with major mortgage servicer

New Jersey and 46 other jurisdictions have reached a $15.5 million settlement with Newrez, one of the largest mortgage servicers in the nation, for improperly charging borrowers for force-placed insurance. The settlement comes after a multistate examination of Newrez was initiated in January 2022…

Fort Washington-based nationwide mortgage servicer to pay $15.5M settlement for imposing ‘force-placed’ insurance costs - Around Ambler

NewRez LLC of Fort Washington will pay a $15.5 million settlement to state financial agencies in 46 states for improperly imposing “force-placed” insurance costs on borrowers who already had active homeowners’ insurance policies. NewRez, located at 1100 Virginia Drive, is a one of the nation’s largest mortgage servicers and is licensed to operate across all 50 states. According to a press release issued by the District of Columbia Department of …

Rithm Capital’s Newrez settlement amounts to $0.02 per share while regulatory scrutiny persists

NEW YORK, August 14, 2026, 12:35 EDT Newrez is set to pay close to $11 million in additional expenses and fines.The increase amounts to about 1.9 cents for each diluted Rithm share.Improved insurance monitoring is now seen as more important than the short-term financial impact. Rithm Capital Corp. (NYSE:RITM) is set to incur almost $11…