According to Kansas Attorney General Derek Schmidt, more than 450 Kansas mortgage holders will receive restitution as part of a nationwide settlement with the country's fourth-largest mortgage servicer.
Schmidt joined with the attorneys general of all 49 other states and the District of Columbia, the mortgage regulators of Puerto Rico and the U.S. Virgin Islands, and federal agencies to reach an $86.3 million settlement with Nationstar Mortgage, which does business as "Mr. Cooper."
The settlement provides restitution for a variety of harms that were identified during the investigation.Schmidt said that 465 Kansas mortgage holders would receive a total of about 550 thousand dollars in restitution. Nationally, nearly 56,000 loans are covered by the settlement.
Thousands of borrowers had problems when their loans were transferred to Nationstar, leading to foreclosure in some circumstances. The settlement administrator will send a claim form to eligible borrowers in 2021.





