Case Home
NOTICE OF CLASS ACTION SETTLEMENT
TO: All persons whose residential mortgage servicing rights were transferred from Pacific Union Financial, LLC (“PUF”) to Nationstar Mortgage LLC (“Nationstar”) in connection with Nationstar’s acquisition of PUF.
YOU HAVE NOT BEEN SUED IN THIS MATTER. YOU MAY be entitled to recover money as a member of the Class. If you are a member of the Class and you return the proof of claim form by September 16, 2024, you will receive a payment.
This letter is a notice that you may be entitled to recover money as a member of the Class. If your mortgage servicing rights were transferred from PUF to Nationstar in connection with Nationstar’s acquisition of PUF, your rights may be affected by this settlement. This Notice is given to you so that you may have an opportunity to comment on and participate in the benefits of the settlement.
NOTICE IS HEREBY GIVEN THAT, pursuant to the Order of the Milwaukee County Circuit Court (the "Court"), dated February 29, 2024, it was determined that the above-captioned lawsuit may be settled on behalf of a Class of plaintiffs (the “Class”) pursuant to Wis. Stat. § 803.08. The Court defined the Class as follows:
(a) all natural persons in the United States of America (b) whose residential mortgage loan servicing rights were transferred from PUF to Nationstar, and (c) to whom PUF and Nationstar mailed “Notice of Transfer of Servicing Rights” letters in substantially the same form as Exhibits C and E to the Complaint.
The Court also defined a Subclass as follows:
- all natural persons in the United States of America, (b) whose residential mortgage loan servicing rights were transferred from PUF to Nationstar and (c) who had executed an electronic funds transfer authorization with their prior servicer, (d) and from whom PUF and Nationstar collected overlapping payments.