Status: closed
Carrington Mortgage Services LLC (Forced-Placed Insurance)
Defendant: Carrington Mortgage Services LLC
Carrington Mortgage Services LLC, Carrington Mortgage Holdings LLC, and Carrington Holding Company LLC (collectively “Carrington”) agreed to a settlement regarding its lender-placed insurance (“LPI”) practices on homeowners. The lawsuit alleges that Carrington forced borrowers to purchase unnecessary expensive hazard, flood, or wind-only insurance. Borrowers who paid for residential LPI between December 1, 2012 and August 9, 2017 may be eligible to receive back 10.5% of the premium.