Entries by kttlawdev

Ocwen, Assurant Deal Objectors Say 9th Circ. Is On Their Side

Objectors to a $140 million deal between homeowners, Ocwen Financial Corp., and Assurant Inc. over allegedly inflated force-placed insurance premiums asked a Florida federal court Thursday to consider a Ninth Circuit ruling pointing to “subtle signs” that class counsel, in that case, skewed a settlement in their own interest.

Borrowers Seek Final OK For $54M Deal In Nationstar Row

Borrowers accusing Nationstar Mortgage LLC of colluding with force-placed insurance providers to make lucrative profits asked a Florida federal judge on Monday to finalize a $54 million settlement of their class action, calling it an “extraordinary” result for the plaintiffs.

Miami Ultimate CEO Awards

As founding partner of Kozyak Tropin & Throckmorton and co-chair of the firm’s bankruptcy practice, John W. Kozyak has earned a host of professional accolades. He has been recognized in every edition of Best Lawyers In America since it was first published in 1983.

Allegedly abusive mortgage insurance deals lead to class action settlement

Anyone who has taken out a home mortgage knows that one of the borrower’s key responsibilities is to pay hazard insurance premiums on the property and not let the policy lapse. But are you aware that if you fail to keep the insurance current, or if the premiums aren’t paid from your escrow account, the lender or its mortgage servicer can obtain its own coverage, which may cost you more than the policy you originally chose?