The companies, people and issues shaping business in Madison and the Capital Region.
The Wisconsin Department of Financial Institutions announced Wednesday that Wisconsin and 48 state financial agencies in 47 states have reached a $15.5 million settlement with NewRez LLC, one of the nation’s largest mortgage servicers, after it imposed “force-placed” insurance costs on borrowers who had current homeowners’ insurance policies.
Under the terms of the settlement, DFI said the Fort Washington, Pennsylvania, company will pay a total of $15.5 million…