PO Box 10826. settlement administrator or your attorney for any updates regarding Louisville, KY 40233-4041. It keeps getting sent back to it and yet I never get anything back. Default Escalation Specialist (Former Employee) - Houston, TX - November 25, 2022. New Penn Financial will change its name to NewRez at the start of 2019, reflecting its acquisition earlier this year by New Residential Investment Corp. "We are very excited to announce the rebrand and for the growth opportunities it signals," said Kevin Harrigan, president and CEO of New Penn, in a press release. Moreover, the default/right-to-cure letter received by the plaintiff violates Massachusetts law in that it failed to inform the homeowner that the right to reinstate expires five days before a foreclosure sale, the complaint claims. Greenville, SC 29601-2138. Check the Department of Housing and Urban Development's website for non-profit organizations in your area which will assist you with your modification. A shellpoint mortgage lawsuit is a legal case in which the plaintiff's bank settles for a financial loss. Shellpoint has not admitted any wrongdoing by settling the insurance kickback class action lawsuit against them. This is a higher than average score with the overall rating of Shellpoint Mortgage Servicing employees being 3.2 out of 5 stars. Before commenting, please review our comment policy. Plaintiffs in the Shellpoint Mortgage Servicing class action lawsuit alleged the company violated the Fair Debt Collection Practices Act and the California Rosenthal Act by sending misleading mortgage statements to borrowers who were participants in the CARES Act forbearance plan.The settlement does not resolve claims the plaintiffs made under the Telephone Consumer Protection Act (). Per this settlement Shellpoint will provide a whooping $3.5 Million in principal reductions for allegedly violating several Massachusetts foreclosure laws and "failing to help homeowners avoid foreclosure.". Shellpoint Partners could not be reached for comment. Paragraph 22 of the mortgage contract states that the mortgagee, prior to acceleration and foreclosure, is required to be sent by the defendants a default notice . All Rights Reserved. They made my payments increase from $981/mo. Shellpoint Mortgage is headquartered in Greenville, South Carolina. In July 2018, plaintiff Dorothy Kerr Checa Chong filed a class action lawsuit against Shellpoint Mortgage Servicing claiming that the lender accepted illegal kickbacks from insurance companies. v. CLAIRE DEES and MARK H. DEES, Respondents. This is attached to the complaint as Exhibit B. Later, Ditech Financial, LLC was given servicing rights for the mortgage. osullivanc. Shellpoint acknowledged in December 2019 that "the previous servicer did not adjust the loan in accordance with the Confirmed Chapter 11 Plan." JA 300. Foreclosure professionals working at Shellpoint Mortgage Servicing have rated their employer with 3.3 out of 5 stars in 19 Glassdoor reviews. This browser does not support PDFs. Actions does not process claims and we cannot advise you on the In order to receive compensation from the settlement, Class Members are required to submit a valid claim form by Nov. 12, 2019. Filed Washington State Court of Appeals Division Two April 13, 2021 . Box 404041 69%. Many lender placed insurance policies provide hazard, flood, or wind insurance coverage. This field is for validation purposes and should be left unchanged. 9:18-cv-80948-RLR, in the U.S. District Court for the Southern District of Florida, Chong v. Shellpoint Settlement Administrator The lawsuit alleges violations of the Fair Credit Reporting Act (FCRA), which, among other provisions, governs the responsibilities of credit reporters and furnishers of credit reports with regard to reasonably investigating disputed consumer information. Final judgment is entered by separate order. A Settlement has been reached subject to Court approval in a class action lawsuit against NewRez LLC d/b/a Shellpoint Mortgage Servicing ("Shellpoint"), pending in the U.S. District Court for the Eastern District of Pennsylvania as Dutcher v. NewRez LLC d/b/a Shellpoint Mortgage Servicing, No. Equifax, the case further claims, did not evaluate or consider any of the information, claims or evidence presented by the plaintiff, and allegedly made no attempt to substantially reasonably verify that the negatively reported information under dispute was inaccurate. https://topclassactions.com/wp-admin/admin-ajax.php. General Payment Address. 866-579-5212, Adam Moskowitz The plaintiff claims the erroneous information on his credit report has hurt his creditworthiness and credit score. Posted on Aug 6, 2015. 8 calls in and still no resolution to the issue. Contact Information. on Shellpoint mortgage statements dated February 16, 2021, February 16, 2022, Shellpoint added charges to the Raymond loan account for "winterization." After 10+ years of . My employment at Shellpoint was the worst experience I have had in my 20 years. NEWREZ LLC d/b/a SHELLPOINT MORTGAGE SERVICING, as Servicer for The Bank of New York Mellon f/k/a The Bank of New York as Trustee for The CWALT, Inc., Alternative Loan Trust 2005-51, Mortgage Pass Through Certificates, Series 2005-51, Movant, Before commenting, please review our comment policy. According to the 16-page lawsuit out of New Jersey district court, Equifax prepared and issued for the plaintiff at least one credit report that included inaccurate information with regard to a debt owed to Shellpoint Mortgage. Read our Newswire Disclaimer. Please provide any additional information about your inquiry. Terrible service. Plaintiff Eileen M. Abat took out a mortgage on February 21, 2013 with Quicken Loans in order to buy an apartment in Chicago, Illinois. dba Shellpoint Mortgage Servicing." Br. *** BOSTON - Massachusetts Attorney General Maura Healey has joined a $86.3 million multistate settlement with national mortgage servicer Nationstar Mortgage LLC and 50 attorneys general and other federal and state agencies that will provide nearly $2 million of dollars in relief to . Around July 26, 2019, the plaintiff received from New Rez/Shellpoint a form default/right-to-cure letter that stated, in part, that the homeowner could still avoid foreclosure by paying the total past due amount before a foreclosure sale takes place . Shellpoint Mortgage Servicing. Click Accept if you consent. (Attachments: #1 Exhibit Loan, #2 . Overall, the defendants failure to properly describe the plaintiffs right to reinstate after acceleration and the date by which the default may be cured amounts to a breach of contract, the suit says. In July 2018, plaintiff Dorothy Kerr Checa Chong filed a class action lawsuit against Shellpoint Mortgage Servicing . Chong v. New Penn Financial LLC d/b/a Shellpoint Mortgage Servicing, Case No. Read complaints against Shellpoint Mortgage submitted to the Consumer Financial Protection Bureau, 2022 FairShake. The class for this action is all natural persons living in the US who (a) between January 31, 2018 and the pendency of this case, (b) received correspondence containing language identical to that in the collection letters sent to the plaintiff in this case (c) in order to collect a consumer debt (d) during a pending Chapter 7 or Chapter 13 bankruptcy (d) in which the consumers were surrendering the collateral for the debt. Shellpoint can not collect on my mortgage loan. Shellpoint Mortgage Servicing will provide Massachusetts homeowners with $3.5 million in principal reductions as part of a settlement with the state for allegedly violating Massachusetts . Cash or account credit of 8.875% of the LPI net premium charged to you by Shellpoint during the class period. The plaintiff was granted the deed to his Pepperell, Massachusetts property in August 1995 and was secured a mortgage loan of a little more than $96,000 in June 2003, the lawsuit says. Get class action lawsuit news sent to your inbox sign up for ClassAction.orgs free weekly newsletterhere. My loan was bought from nationstar by Shellpoint. February 1, 2019. Attorney C. Charles Townsend for Shellpoint Mortgage Servicing and U.S. Bank, NA . By Mail. Who's Eligible: Consumers who were charged for a lender placed insurance policy by Shellpoint on or after March 1, 2014 and who paid all or a portion of the premium for that policy between March 1, 2014 and April 4, 2019. A proposed class action alleges New Rez/Shellpoint Mortgage Services and the Federal Home Loan Mortgage Corporation (Freddie Mac) have breached the terms of their contracts with borrowers by sending default and right-to-cure notices that contained materially misleading statements in violation of Massachusetts law. The complaint states, "A number of plaintiffs have received letters from their banks notifying them that they are liable for violations of the provisions of the Loan Insurance Guarantee Act of 1994.". Read our Newswire Disclaimer. . Claim Form: Shellpoint Mortgage Servicing LPI Settlement Claim Form, Case Name: . of Resp't (Peak) at 8 n.1. The Judge overseeing this case is Kathryn Weston. The settlement resolves allegations that Caliber Homes Loans Inc. (Caliber) failed to help borrowers avoid foreclosure and instead gave homeowners unaffordable loan modifications with ballooning . Box 10826 Greenville, SC 29603-0826 Main Office NMLS ID #1105391 . Boston A national mortgage servicing company will pay $2 million and undertake affordable loan modifications for affected Massachusetts homeowners, Attorney General Maura Healey announced today. Tex. According to the suit, the defendants contract breaches have also voided foreclosure auctions, sales and deeds pursuant to proposed class members mortgages. (#1) COMPLAINT against Newrez, LLC d/b/a Shellpoint Mortgage, Servicing ( Filing and Admin fee $ 400 receipt number 0312-9570746) with JURY DEMAND, filed by Rachid Bouayad. Fill out this form for a FREE and prompt case evaluation. The deadline for exclusion and objection is Aug. 14, 2019. According to court documents, the claim submission deadline has passed. The Bondyopadhyays sued foreclosure counsel in January 2019, again alleging mortgage fraud. Decide which cookies you want to allow. Ive no had insurance except that of nstionstar . Equifax Information Services and Shellpoint Mortgage Servicing have been hit with a proposed class action lawsuit centered on the companies apparent reporting of consumer debts despite the obligationsfalling outside of the time period in which they can be legally reported. Shellpoint Mortgage Servicing, LLC (5:19-cv-00292), California Central District Court, Filed: 02/15/2019 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets . LPI, or lender-placed insurance, is hazard, flood, or wind insurance placed on a borrowers property to protect the value of the property when the borrowers own policy lapses or when the borrower does not maintain adequate insurance. . Yes, you can still make your Shellpoint Mortgage payment the old-fashioned way - regular mail. c/o KCC Class Action Services LLC Equifax and Shellpoint Mortgage Servicing face a class action that claims the companies have illegally reported a time-barred debt on a consumer's credit report. You may be eligible if you are a borrower in the US who, between March 1, 2014 and April 4, 2019, were charged by Shellpoint for a hazard, flood, or wind LPI procured by Overby-Seawell Company, and who (a) paid Shellpoint the net premium for the policy, (b) did not pay Shellpoint the net premium and still owe it. Although it is not illegal for lenders to secure insurance policies on behalf of their borrowers, it is illegal for these lenders to accept kickbacks in return for choosing a certain insurance company. New cases and investigations, settlement deadlines, and news straight to your inbox. Top Class Actions is a legal news source mortgage borrowers default/right-to-cure notices containing misleading statements. Please provide any additional information about your inquiry. You are also harming other eligible Class Members by submitting a fraudulent claim. Dorothy Kerr Checa Chong v. New Penn Financial, LLC, d/b/a Shellpoint Mortgage Servicing, Settlement Website: Shellpoint Mortgage Servicing LPI Settlement Website, Claims Administrator: KCC Class Action Services, LLC, Chong v. Shellpoint Settlement Administrator The litigation and settlement revolves around allegations that Shellpoint violated the Massachusetts Act Preventing Unlawful and . This field is for validation purposes and should be left unchanged. You can also . If you dont qualify for this settlement, check out our database of otheropen class action settlementsyou may be eligible for.

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