Settlement Structure: Claims Made
Active: Open
Case Summary:Freedom Mortgage Corporation is settling class actions filed against it in Texas and California that claim it charged borrowers “convenience fees” for making mortgage payments online or over the phone, including through interactive voice response systems. The complaint alleged that the fees violated state debt collection laws and breached the terms of mortgage agreements.
Docket Number:3:19-CV-02193-N
Company: Freedom Mortgage Corporation
Filing Deadline: January 1, 2100
Class Period: September 14, 2017 to August 3, 2021
Objection Deadline: November 17, 2021
Exclusion Deadline: November 17, 2021
Final Approval Hearing: December 17, 2021
Proof of Purchase:You do not have to do anything to receive a payment.
Eligibility:You may be eligible if (1) you were a borrower in a residential mortgage loan on a property in the US where the loan was serviced by Freedom, and (2) you paid Freedom a fee for making a loan payment by telephone, IVR, or online, between September 14, 2017 and August 3, 2021.
Typical Settlement Amount:Equal share of the net settlement fund.
Total Settlement Amount: $2,250,000
Class Representative Proposed Incentive Fee:$5,000
Law Firms:
Bailey & Glasser
Carney Bates & Pulliam
Claim Form: Freedom Mortgage Convenience Payments Settlement Payment Options
Case Name: Caldwell, et al. v. Freedom Mortgage Corporation
Settlement Website: Freedom Mortgage Convenience Payments Settlement Website
Claims Administrator:
Kroll Settlement Administration, LLC
Caldwell v. Freedom Mortgage
c/o Settlement Administrator
PO Box 225391
New York, NY 10150-5391
833-765-2107