Servicing Your Mortgage

Bank of America Rejects RFIs and Electronic Signatures Class Action

Homes tend to be the largest purchases people make in their lives, so difficulties with mortgages are significant. The Real Estate Settlement Procedures Act (RESPA) tries, among other things, to ensure that borrowers can receive all the information they need promptly. The complaint for this class action alleges Bank of America, NA (BANA), does not  Read more

PHH Mortgage Naming of Owner of Mortgage RESPA, Reg X Class Action

The Real Estate Settlement Practices Act (RESPA) and Regulation X are meant to help consumers with the servicing and settlement of their real estate transactions. They were intended to require mortgage servicers and other to provide them with adequate and timely information and to protect them from high charges and abusive practices. The complaint for  Read more

Kelco FCU Errors in Mortgage Accounts with Balloon Payments Class Action

This complicated case involves both individual and class concerns about mortgage payments in Maryland. The complaint alleges that Kelco Federal Credit Union misapplied payments, misreported balloon amounts, and failed to correct errors, creating ever-larger problems for the homeowners, who finally brought this case against Kelco.  Read more

Select Portfolio Servicing Responses to Borrowers Class Action

This class action brings suit against Select Portfolio Servicing, Inc. (SPS). The legal concerns relate to provisions of Regulation X and of the Real Estate Settlement Procedures Act (RESPA). RESPA aims to make sure that consumers are provided with better and more timely information about settlements and to protect them from abusive practices; Reg X  Read more

Wells Fargo Improper Mortgage Insurance Premiums Class Action

Wells Fargo is a very large mortgage lender. Some of its mortgages are insured by the Federal Housing Administration (FHA). The complaint for this class action names Wells Fargo, NA and Wells Fargo Home Mortgage as defendants and alleges that Wells Fargo continues charging borrowers for FHA premiums even after they are no longer due.  Read more

MegaStar Mortgage Loans Pay-to-Pay Fees California Class Action

MegaStar Financial Corp. services mortgages. But the complaint for this class action alleges that they “impermissibly profit” off homeowners “by charging and collecting illegal payment processing fees when borrowers make their monthly mortgage payments by telephone or online…” These are known as pay-to-pay fees, and the complaint claims they violate debt collection laws and breaches  Read more

LoanCare Improper Escrow of Water Quality Fees Class Action

LoanCare, LLC is a mortgage servicing company. Like many mortgage servicers, it collects additional funds for things like taxes on the mortgaged property, which it holds in an escrow account until payment comes due. But the complaint for this class action alleges that it should not be collecting water quality fees in this same manner.  Read more

Wells Fargo Mortgage Forbearance Enrollment Without Consent Class Action

In an earlier scandal, Wells Fargo was caught opening credit card and other accounts for clients without their knowledge or permission. The complaint for this class action alleges that Wells Fargo & Company and Wells Fargo Bank, NA have now enrolled some mortgage customers in Covid-19-related forbearance programs without their knowledge or permission.  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

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