PHH Mortgage Corporation and other mortgage servicers (the company that sends you your monthly statement and accepts your payments) have been charging borrowers in Washington D.C. and Maryland potentially illegal fees to pay their mortgages over the phone and internet.
The Consumer Financial Protection Bureau has recently issued an advisory opinion stating that such fees violate federal law unless expressly authorized by the mortgage agreement, or are affirmatively permitted by state law. We are currently investigating PHH and other servicers for this deceptive business practice. Over time these small fees paid by customers can potentially add up to millions of dollars of profit for mortgage servicers. Don’t let these companies put profits over people.
If you would like to an attorney to review whether you have a potential legal claim for compensation, or are interested in learning more about our investigation, please complete the form below:
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