Mortgage-Related Unfair Practices
US Bank, Ocwen, Wells Fargo Mortgage Satisfaction New York Class Action
When a homeowner has paid off a mortgage or home loan, the event must be officially recorded. The New York state laws specify that this proof of satisfaction must be presented to the appropriate New York county clerk within thirty days. The complaint for this class action alleges that US Bank, NA, Ocwen Financial Corporation, Read more
Mortgage Processing Fees for Online or Phone Payments Investigation
Have you ever made a mortgage payment online or over the telephone? Were you charged a fee for it? Many such “processing” fees are unlawful. This may be because they are not permitted under the mortgage agreement, or because they are much higher than the actual cost of processing. We’re investigating to see if a Read more
Wells Fargo Referral to Patriot Land Transfer Settlement
Wells Fargo Bank, NA and Patriot Land Transfer, LLC have agreed to put up $1.3 million in benefits to settle a class action brought by former customers. The complaint alleged that certain Wells Fargo employees had received benefits from Patriot for referring borrowers to that company, in allegedly improper transactions that negatively impacted the borrowers. Read more
Santander Bank Delays in Mortgage Payoff Recordings New York Class Action
When a person pays off a mortgage, both the principal and interest, the mortgage lender must present to the county clerk a satisfaction of mortgage or certificate of discharge document recording this fact. The complaint alleges that Santander Bank, NA delays in sending this type of document in and therefore owes its customers money. Read more
Bank of America Force-Placed Unneeded Flood Insurance Class Action
When a lender provides a mortgage for a property, it has a right to insist that the borrowers maintain adequate insurance to protect its investment. The complaint for this class action alleges that Bank of America, NA (BoA), however, forces borrowers to take flood insurance that they do not need, and that the premiums of Read more
Carrington Mortgage Services Excessive Fees for Payoff Florida Class Action
This class action brings suit against Carrington Mortgage Services, LLC by the buyer of a property in foreclosure, alleging that Carrington is charging excessive fees for the payoff of the mortgage. The complaint alleges that many of the fees are excessive or fraudulent and are meant to provide extra profit to Carrington or the lender. Read more
Wells Fargo Refusal to Modify Mortgage Loans Settlement
Wells Fargo is paying $18.5 million to settle a class action alleging that borrowers were denied home mortgage modifications, even though they qualified for them, and then lost their homes in foreclosure. The bank has admitted that it did this because of a calculation error and previously sent checks to affected borrowers. Read more
LoanCare Mortgage Online or Phone Payment Fees Florida Class Action
The complaint for this class action alleges that mortgage servicer LoanCare, LLC charges mortgage holders an additional fee when they pay their monthly mortgage bill online or over the telephone. The complaint claims that these fees are not legal for more than one reason. Read more
Countrywide Home Appraisal Settlement
This settlement resolves two cases against Countrywide Financial Corporation, Countrywide Home Loans, Inc. Countrywide Bank, NA, Bank of America Corporation, LandSafe, Inc., and LandSafe Appraisal Services, Inc. for invalid property appraisals. According to the complaint, when Countrywide received mortgage applications from certain persons, it ordered a property appraisal by LandSafe and charged the applicants a Read more
PennyMac Mortgage Payment Processing Fees Florida Class Action
Most mortgage holders pay their mortgages once a month. Sometimes, they prefer to pay online or by telephone, to avoid the uncertainties of mail delivery. The complaint for this class action alleges that PennyMac Loan Services, LLC charges its mortgage holders an improper processing fee when they pay by either of these methods, something it Read more