Class Action Lawsuits

Mortgage Fraud

Mortgage companies, mortgage brokers, loan officers, and banks are required to act honestly and ethically in both advising consumers on the terms of a loan and in servicing mortgage loans. In reality, predatory lenders and mortgage servicing companies violate federal and state laws by misrepresenting the terms of loan, assessing unlawful fees, or defrauding consumers in other ways.

Our mortgage fraud class action attorneys have a wide range of experience in pursuing class actions against mortgage companies and banks for illegal and fraudulent practices in the mortgage industry, including:

Excessive or Unlawful Fees: mortgage servicing companies are notorious for assessing fees and other charges prohibited by an individual’s mortgage or prohibited by the servicing guidelines established by Fannie Mae or the Federal Housing Administration (FHA). Mortgage servicing companies are allowed to keep all fees that are assessed against consumers and go to great lengths to charge creative fees, including convenience fees for paying online or over the phone, service fees, inspection fees, default-related fees, or illegal late fees.
Credit Insurance Fraud: Insurance for future loan payments are often paid in advance in a single premium and then financed throughout the course of the loan. Consumers may not even understand or realize that they have purchased this insurance and, if the loan is paid off early, may not be reimbursed when their loans are paid off early.
Mortgage Fraud: mortgage companies may utilize predatory lending practices to secure or administer loans including by lying to borrowers or pushing borrowers into foreclosure to collect additional fees.

Maginnis Howard class action attorneys have extensive experience handling complex class action lawsuits against banks, mortgage lenders, and mortgage servicing companies. We believe in holding large corporations responsible for their wrongdoing. Contact our attorneys to learn more about your rights or for a free case evaluation.

Mortgage Fraud

Newsletter