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Shareholder class action filed against Nationstar Mortgage

By LocalLabs News Service
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MIAMI (Legal Newsline) – A mortgage lender is being sued over allegations the company gouged consumers and illegally enhanced profits.

City of St. Clair Shores Police and Fire Retirement System filed the lawsuit June 2 in U.S. District Court in Florida against Nationstar Mortgage Holdings, claiming the company overstated its ability to profit from servicing loans.

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Class-Action Lawsuits Law