Mortgage-Related Unfair Practices

JP Morgan Chase Bank FCRA Inaccurate Information Class Action

The complaint for this class action alleges that JP Morgan Chase furnished inaccurate information about plaintiff Mark Donald Hunt, in connection with a mortgage, to the three major credit agencies—Experian, Trans Union, and Exquifax—over a period of twenty-two months, for sixty-six violations of the FCRA.  Read more

Wells Fargo BPO Mortgage Fees Class Action Settlement

The plaintiffs in this class action lawsuit allege that the fee Wells Fargo assessed borrowers for Broker’s Price Opinions (BPOs) was improper because it was greater than the amount Wells Fargo paid to the brokers who performed the BPOs.  A BPO is an informal valuation of property, like an appraisal, but it is typically performed  Read more

First Niagara Bank Mortgage Satisfaction Class action Settlement

The plaintiffs in this lawsuit claims that First Niagara failed to timely present to the county clerks of New York State proof that mortgages had been satisfied in violation of multiple NY laws.   Read more

Bank of American Mortgage NY Class Action Settlement

The plaintiffs in this lawsuit claim that Bank of America failed to present certifications that Plaintiffs’ residential mortgages serviced by Bank of America had been fully satisfied, which allegedly violated New York Real Property Actions and Proceedings Law and New York Real Property Law.  The Actions further allege that this happened to thousands of other  Read more

Caliber Home Loans Force-Placed Insurance Class Action

This class action lawsuit alleges that Caliber Home Loans, in conjunction with American Security Insurance Company, engaged in a force-placed insurance scheme which caused mortgage borrowers to pay inflated, unjust and unearned commissions, fees and kickbacks.  Read more

LoanCare Force-Placed Insurance Practices Questioned

A class action has been filed against mortgage servicer LoanCare, questioning its practices with force-place insurance covering property used as collateral for mortgages.  Read more

Wells Fargo Home Loan Discrimination Class Action

The plaintiffs in this class action claim that Wells Fargo violated the Unruh Civil Rights Act, by discriminating against borrowers who applied for home loans through branches in minority areas. The loan officers at these branches, the complaint alleges, were not permitted to use a computer program called Loan Economics which could discount loans.   Read more

New Penn Financial Mortgage Servicing Fee Class Action

This class action alleges that New Penn Financial, LLC, doing business as Shellpoint Mortgage Servicing, unlawfully and improperly maximized its revenue by utilizing automated computer systems to assess unnecessary and unwarranted fees on the mortgage loan accounts it was servicing, including Property Inspection fees, Property Preservation fees, Broker Price Opinion and Property Appraisal fees.  Read more