Racheal M. Vaughn v. GMFS, LLC and NewRez, LLC, d/b/a Shellpoint Mortgage Servicing

If you sent insurance proceeds to GMFS, LLC or NewRez, LLC, d/b/a Shellpoint Mortgage Servicing, you may be entitled to a payment from a class action settlement.

A Louisiana State Court authorized this Settlement Website. This is not a solicitation from a lawyer.

Para mas informacion comuniques al numero (833) 453 1879 o para obtener Instrucciones y Formulario de Reclamacion en Espanol por favor vaya a www.LouisianaInsuranceInterestSettlement.com, o escriba a Vaughn v. GMFS, LLC and NewRez, LLC d/b/a Shellpoint Mortgage Servicing, c/o Kroll Settlement Administration, PO Box 225391, New York, NY 10150-5391.

A Settlement has been reached in a class action lawsuit against GMFS, LLC (“GMFS”) and NewRez, LLC, d/b/a Shellpoint Mortgage Servicing (“NewRez”) (collectively, the “Defendants”), about the failure to pay interest on insurance proceeds that were then sent to the Defendants. The Defendants deny all allegations and any wrongdoing. The Court has not decided who is right.
The Court presiding over the lawsuit has preliminarily certified the Settlement Class, which consists of:

All individuals owning residential property in Louisiana: (1) for whom NewRez acted as the loan servicer and/or for whom GMFS was the mortgagee, for a mortgage loan secured by that residential property, (2) for whom, beginning on August 1, 2022, NewRez or GMFS held Insurance Settlement Proceeds equal to or greater than $25,000 for more than 30 days without paying any interest thereon, and (3) who were not in default on their mortgage loans, past due with payments on their mortgage loans, or in foreclosure related to their mortgage loans at the time the insurance settlement proceeds were held.
If approved by the Court, the Defendants will provide payments to Settlement Class Members, Notice and Administrative Costs, attorneys’ fees and costs, and the Case Contribution Award to the Plaintiff. All costs, fees, and awards will be paid separately by the Defendants and will not reduce payments to Settlement Class Members.
Your rights are affected whether you do or do not act. Please read this Settlement Website carefully.

YOUR LEGAL RIGHTS AND OPTIONS		DEADLINE
SUBMIT A CLAIM FORM	The only way to receive a payment from this Settlement is to submit a valid and timely Claim Form.	February 26, 2027
OPT OUT OR EXCLUDE YOURSELF FROM THE SETTLEMENT	If you opt out, you will not be bound by the terms of the Settlement and you keep the right to sue the Defendants about the claims resolved by this Settlement. You will not receive a payment from the Settlement.	December 28, 2026
OBJECT TO THE SETTLEMENT AND/OR ATTEND A HEARING	If you do not opt out of the Settlement, you may object to it and tell the Court what you do not like about it. You may also ask the Court for permission to speak about your objection at the Final Approval Hearing. If you object, you can still submit a Claim Form for a payment.	December 28, 2026
DO NOTHING	If you do nothing, you will not get a payment and you give up the right to sue the Defendants about the claims resolved by this Settlement.	No deadline

These rights and options, and the deadlines to exercise them, are explained in this Settlement Website.

This website is authorized by the Court, supervised by counsel for the Parties, and controlled by the Settlement Administrator approved by the Court. This is the only authorized website for this case.

For more information, please use the Contact Us page or call (833) 453-1879.

You may also write to:
Vaughn v. GMFS, LLC and NewRez, LLC d/b/a Shellpoint Mortgage Servicing
c/o Kroll Settlement Administration LLC
P.O. Box 225391
New York, NY 10150-5391