NewRez reaches $15.5M settlement over improper home insurance charges

The Herald-Mail· August 14, 2026

Mortgage servicer NewRez has agreed to a $15.5 million settlement to resolve allegations concerning improper home insurance charges. The settlement follows claims that the company incorrectly billed homeowners for insurance-related costs, highlighting ongoing scrutiny of mortgage servicing practices. For the property insurance market, this case emphasizes the necessity of accurate premium collection and the potential for significant liability when escrow processes fail.

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