Class Opposes Dismissal Of Suit On Lender-Placed Insurance Kickback Scheme

Mealey's (April 18, 2018, 9:02 AM EDT) -- TRENTON, N.J. — In opposing dismissal of their breach of contract class action lawsuit, homeowners tell a New Jersey federal court in an April 9 brief that they have sufficiently alleged a scheme on lender-placed insurance (LPI) involving a mortgage company, insurer and insurance broker with their use of kickbacks, including reinsurance premiums (Edward Leo v. Nationstar Mortgage LLC of Delaware, et al., No. 17-05839, D. N.J.)....