![]() The mortgage giant faces penalties for harassing sales calls, bait-and-switch sales tactics, and more, marking a victory for consumer rights. You can also reach out to us on Twitter or Facebook or via email at Also, directly on our website! We look forward to hearing from you.Accused of bombarding consumers with persistent sales calls about loan refinancing, using bait-and-switch sales tactics, and more. Were you charged extra on paying your loan using phones? Share it with us by clicking the “Contact Us” button below! ![]() District Court, Northern District of Texas Dallas DivisionĪllegations: Freedom Mortgage imposed unfair charges. A similar settlement was also reached by the company for its alleged illegal home inspection fees.Ĭase Name & No.: Helene Breedlove Caldwell, et al. This article is written to inform you of the Freedom Mortgage $2.25M settlement following a class action lawsuit that alleges Freedom Mortgage of charging excessive fees to borrowers. Editor’s Note on Freedom Mortgage Caldwell Settlement For $2.25 Million: Regardless, both parties have weighed the advantages and risks of continuing the case the settlement agreement is believed to be in the parties’ best interests. The Court has not issued a ruling in this matter. Plaintiffs contend that these fees were collected in violation of applicable state debt collection laws and various loan agreements.Īccording to the company’s website, Freedom Mortgage provides home-buying as well as refinancing services through Veterans Affairs (VA), the Federal Housing Administration (FHA), the United States Department of Agriculture (USDA), and traditional loans.įreedom Mortgage denies all allegations of wrongdoing and has submitted multiple defenses in the complaint. Plaintiffs claims in this class action lawsuit that Freedom Mortgage charged excessive fees to borrowers attempting to make mortgage payments. About the Lawsuit Filed By Caldwell And Sterns ![]() The deadline to object is November 16, 2021.Īdditionally, class members have the right to opt-out if they no longer choose to participate and will not be eligible for compensation but will retain the option to sue the company in the future regarding this matter.Ĭlass Members have until November 16, 2021, to opt-out of this Freedom Mortgage Caldwell Settlement. Compensation amounts will vary depending on the total amount of convenience fees paid by each borrower.Īlong with the compensation, Freedom Mortgage has promised to stop imposing fees for payments made via phone, online, or IVR system for at least one year.Ĭlass Members do not need to do anything to collect their share of the fund and have the right to submit an objection with the Court to the settlement agreement. The Freedom Mortgage Caldwell Settlement fund’s remaining amount will be allocated to Class Members. ![]() Moreover, Members of the Settlement Class are entitled to a pro-rata share of the settlement fund.Īdministrative costs, court-awarded attorneys’ fees, class counsel expenses, as well as service awards will be paid first, according to the settlement agreement. loan holders on residential properties inside the United States who made payments through the internet, telephone, or interactive voice response system and paid a charge for doing so between September 14, 2017, and August 3, 2021. Members of the Freedom Mortgage Caldwell Settlement Class include all Freedom Mortgage Corp. Freedom Mortgage CorporationĬlick to access Helene-Breedlove-Caldwell-et-al.-v.-Freedom-Mortgage-Corporation-Case.pdf Class Action Settlements Freedom Mortgage Caldwell Settlement For $2.25 Million – Unfair Residential Fees To Loan Holders…īy Consider The Consumer on Freedom Mortgage’s Residential Fees $2.25M Class Action SettlementĬonsumers nationwide who borrowed on residential mortgage loans serviced by Freedom Mortgage and charged for making loan payments via telephone, internet, or interactive voice response (IVR) may be entitled to reimbursement as part of a recent $2.25 million class action settlement. ![]()
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