Leo v. Nationstar Mortgage

In this appeal, the plaintiffs, who were borrowers from New Jersey and North Carolina sought review of the force-placed insurance rate charged by their reverse-mortgage lender, Nationstar Mortgage LLC. Plaintiffs alleged Nationstar colluded with a hazard insurance company and a hazard insurance agent to pocket kickbacks on force-placed insurance policies. The Court of the Third Circuit affirmed the District Court’s dismissal of the plaintiffs’ suit, holding the filed-rate doctrine blocked the claims.