Industry News

Lawsuit against NovaStar Mortgage reaches class-action status

Borrowers allege yield spread premiums weren't disclosed
Published on Nov 1, 2006

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A lawsuit claming NovaStar Mortgage paid mortgage brokers extra fees to arrange loans with higher interest rates has been granted class-action status by a U.S. District Court judge in Tacoma, Wash. The lawsuit alleges that the yield spread premium on ...

Comments