Pa. joins $15.5M settlement protecting mortgage borrowers improperly charged for homeowners insurance

HARRISBURG, Pa. (WHTM) -- The Pennsylvania Department of Banking and Securities (DoBS) announced Friday that it would join financial regulators from 47 states in a settlement totaling $15.5 million with NewRez LLC. The Fort Washington-based mortgage servicer had "improperly charged borrowers for 'force-placed' insurance, even when they already had active homeowners insurance policies," per a [...]