Mortgage-Related Unfair Practices
Flagstar Bank Owes Interest on Impound Account California Class Action
Many people who hold mortgages are required by the mortgage companies to pay monthly amounts into an escrow or impound account. California law requires that the interest on these accounts be paid to the homeowner. However, the complaint for this class action alleges that Flagstar Bank, FSB or its parent Flagstar Bancorp, Inc., did not Read more
Wells Fargo Mortgage Modification Without California Balloon Payment Notice Class Action
If a mortgage loan modification results in all or part of the loan requiring a balloon payment, California law requires that the modifying bank properly inform the mortgage holders. But the complaint for this class action claims that Wells Fargo provided no such notice to plaintiffs Joseph and Lisa Wyman that they would owe a Read more
Mr. Cooper Interest on California Mortgage Impound Accounts Class Action
The complaint for this class action alleges that Nationstar Mortgage, which does business under the name Mr. Cooper, does not pay mortgage holders interest on the amounts held in escrow, or in impound accounts, despite laws requiring this. Among other things, the complaint cites California’s Unfair Competition Law and breach of contract. Read moreJPMorgan Chase Mortgage Foreclosure in Violation of FHA Requirements Class Action
People make painstaking payments over many years to pay off a mortgage, but it may take only a short run of difficulty to undo it all and lead to the disaster of foreclosure. The complaint for this class action claims that JPMorgan Chase Bank, NA foreclosed on the home of plaintiffs Dhimiter Llori and Natalia Read more
Investigation of Bank of America Interest on New York State Mortgage Escrow Accounts
Do you own a home in New York State? Do you pay a portion of your property taxes or insurance when you pay your mortgage each month? If so, you may be entitled to earn interest on those funds. We have seen signs that Bank of America is not complying with this consumer-oriented law, and Read more
LoanCare Payment of Interest on California Mortgage Escrow Accounts Class Action
LoanCare, LLC is a mortgage lender who makes loans secured by real estate in California, so the complaint for this class action says it must follow the California law, including the law requiring it to pay borrowers a minimum of 2% interest on money put in impound escrow accounts. LoanCare appears not to do so, Read more
Seterus Payment of Interest on California Mortgage Escrow Accounts Class Action
As a mortgage lender who makes loans secured by real estate in California, Seterus, Inc. must follow California law, the complaint for this class action says, including the law that says it must pay borrowers a minimum of 2% interest on money put in escrow to pay for things like property taxes and insurance. Because Read more
PNC Bank Unlawful Inspection Charges for Homes in Default Class Action
When Plaintiff Jacqueline Pfendler got behind on her mortgage, she stayed in communication with PNC Bank, the servicer, the complaint for this class action alleges. However, the bank scheduled a drive-by inspection, the complaint says, and required her to pay for it. Then, despite her payment, the complaint says, less than a month later they Read more