Home Loan Servicer Litigation

Tycko & Zavareei LLP has developed deep expertise in the area of residential loan (mortgage) servicing, and is handling a number of cases alleging that major mortgage servicing companies routinely violated the legal requirements that apply when a homeowner applies for a loan modification (sometimes called “loss mitigation”) to avoid foreclosure.  The firm currently is pursuing class action litigation against companies such as Nationstar Mortgage (which operates under the name “Mr. Cooper”), Bank of America, and Bayview Loan Servicing.  Each of these cases alleges that the servicer violated the requirements of a federal regulation, 19 C.F.R. § 1024.41, by mishandling borrower’s requests for loan modifications.