Mortgage-Related Unfair Practices
PennyMac Loan Services Excessive Debt Collection Calls Massachusetts Class Action
Debt collectors must obey certain laws and requirements when they attempt to collect debts from consumers. The complaint for this class action alleges that PennyMac Loan Services, LLC does not obey these laws and requirements in its attempts to collect from consumers who are late on their mortgage payments. It brings suit not under federal Read more
Nationstar Online, Telephone “Processing Fees” Florida Class Action
Nationstar Mortgage, LLC now does business under the name of Mr. Cooper. The complaint for this class action alleges that when Nationstar services mortgages, it charges “illegal and improper” processing fees when payments on mortgages are made over the phone. The law at issue is the Florida Consumer Collection Practices Act (FCCPA). Read more
Wells Fargo Denial of Mortgage Loan Modifications New York Class Action
How would you feel if a “faulty calculation” caused you to lose your home? The complaint for this class action alleges that that’s what happened to two couples, and many more homeowners, due to Wells Fargo’s denial to them of mortgage loan modifications. Read more
Wells Fargo Refusal of Proper Response to Borrowers RESPA Class Action
If you ask your mortgage servicer for information, can the servicer refuse to provide it? The complaint for this class action alleges that Wells Fargo Bank, NA violated the Real Estate Settlement Procedures Act (RESPA) when it refused to answer customer Requests for Information (RFIs) and Notices of Error (NOEs). Read more
JPMorgan Chase Foreclosures Without Proper Documentation Class Action
This is one of a number of class actions filed over recent years that allege that companies have played fast and loose when securitizing mortgages, and then again when executing foreclosures on the residential property covered by those mortgages. The complaint claims that foreclosures were undertaken with fraudulent mortgage assignments and note endorsements, improperly putting Read more
Bank of America Interest Charges After Payoff Class Action
Interest is owed only until a borrower has paid off a loan, correct? Or do some institutions believe that they can go on collecting interest after that day? The complaint for this class action alleges that Bank of America, NA collects post-payment interest on certain housing loans, and that it should not be doing so. Read more
M&T Bank Pay-to-Pay Fees for Paying Mortgage by Telephone Class Action
The complaint for this class action alleges that M&T Bank charges mortgage borrowers illegal Pay-to-Pay fees when they make payments over the telephone. The complaint claims that these fees are illegal, both under federal and state laws. At issue are the federal Fair Debt Collection Practices Act (FDCPA) and California’s Rosenthal Fair Debt Collection Practices Read more
Shellpoint Mortgage Servicing LPI Settlement
New Penn Financial, LLC, which does business as Shellpoint Mortgage Servicing, has elected to settle a class action on the subject of LPI. LPI, or lender-placed insurance, is hazard, flood, or wind insurance placed on a borrower’s property to protect the value of the property when the borrower’s own policy lapses or when the borrower Read more
Nationstar Short Sale Validation Program California Class Action
When plaintiff Nicholas Parrino had family medical problems and was no longer able to pay his mortgage, he decided to arrange a short sale to limit his losses. Although he found a buyer, he claims that Nationstar Mortgage, LLC and Xome, Inc. prevented him from selling by requiring that he participate in a program that Read more
JPMorgan Chase Bank Mortgage Prepayment Penalty New York Class Action
When a bank’s mortgage contract says that a borrower will not incur any prepayment penalty if they pay the loan off early, what does that include? Is a transfer fee a penalty? The complaint for this class action says it is and claims that JPMorgan Chase Bank, NA violates its own mortgage contracts by charging Read more