Nationstar Mortgage LLC is a foreclosure mill. They engage in illegal practices such as misapplying/losing payments, delaying mortgage modifications, opening fake escrow accounts for taxes and insurance, charging a homeowner in bankruptcy for missed payments that are also being paid back through the bankruptcy (known as double dipping) and other tactics intended to force a homeowner into default so that Nationstar can profit from foreclosing on or auctioning off the home. They are currently being sued for liquidating mortgages at their investors expense for Nationstar's benefit (case #KIRP LLC v. Nationstar Mortgage LLC, 650794-2013, New York Supreme Court). Nationstar's profits rose a whopping 25% in the 1st quarter of this year. Those profits and their practices are not coincidental.
- The Federal Trade Commission and the Department of Justice
Investigate Nationstar Mortgage LLC for abusive servicing practices.
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