Servicing Your Mortgage
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
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
KeyBank Failure to Send Out Mortgage Satisfactions New York Class Action
When mortgages are paid off, the mortgage company must provide to the appropriate record keeper a satisfaction of mortgage document in a timely manner. The complaint for this class action alleges that KeyBank, NA does not do this within the time required. Read more
FNMA Inaccurate Mortgage Payoff Statements Reg Z Class Action
What happens if you don’t make your mortgage payments? The mortgage loan becomes accelerated, or due in full. The complaint for this class action alleges that the Federal National Mortgage Association (FNMA) improperly imposes late charges when mortgage payments are not made after acceleration, even when the mortgage agreements don’t allow for that. Read more
Santander No Interest Paid on Mortgage Escrow Accounts Class Action
Escrow funds are often used to accumulate payments for yearly payments related to mortgages, such as tax and insurance payments. The complaint for this class action alleges that Santander Bank, NA, violates New York laws in not paying borrowers interest on these escrow funds. 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
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
Mr. Cooper Preauthorized Mortgage Transfers EFTA, RESPA Class Action
The Electronic Funds Transfer Act (EFTA) governs preauthorized transfers from bank accounts. The complaint for this class action claims that Nationstar Mortgage, LLC, which does business now as Mr. Cooper, violated both EFTA and the Real Estate Settlement Procedures Act (RESPA) in its incorrect handling of preauthorized mortgage payments from customer accounts. Read more
RoundPoint Mortgage Lender-Placed Insurance Settlement
RoundPoint Mortgage Servicing Corporation has agreed to refund money to borrowers to settle a class action about lender-placed insurance (LPI, also known as force-placed insurance). Mortgage lenders require that homeowners have an LPI policy when the homeowners’ insurance lapses or when the homeowners’ policy is not considered acceptable to the lender. The lender places the Read more
Freedom Mortgage Failure to Pay Property Taxes Class Action
Plaintiff Stacy Chittick had made all of her mortgage payments on time, including amounts intended for her escrow account. But the complaint for this class action claims her mortgage servicer did not pay the taxes due from her escrow account on time, costing her penalties and other difficulties. Read more