PHH agreed to a $2.77 million settlement to resolve claims that it charged illegal service fees on internet mortgage payments.
Plaintiffs in the class action lawsuit accused PHH Mortgage of charging illegal convenience fees when making loan payments on the internet or through its telephone payment system. These fees allegedly violated the FDCPA and the Florida Consumer Collection Practices Act.
PHH Mortgage is a loan servicing company owned by Ocwen Financial.
PHH hasn’t admitted any wrongdoing but agreed to a $2.77 million class action settlement to resolve these allegations. The company agreed to a similar settlement in 2020.
PHH, Ocwen Mortgage Fees Class Action Lawsuit
- Who’s Eligible:
- The settlement benefits a national FDCPA class of residential mortgage borrowers whose loans were serviced but not owned by Ocwen or PHH after the servicers acquired servicing rights when the loans were 30 days or more delinquent and who paid a convenience fee to Ocwen between March 25, 2019, and Aug. 17, 2022.
- The settlement also benefits a statewide class of Florida residential mortgage loan borrowers who paid a convenience fee to Ocwen or PHH between March 25, 2016, and Aug. 17, 2022.
- Estimated Amount: Varies
- Proof of Purchase: N/A
- Claim Form Deadline: 04/26/2023 (Exclusion Deadline)
- Case Name & Number:
- Morris, et al. v. PHH Mortgage Corp. d/b/a PHH Mortgage Services, Case No. 0:20-CV-60633-RS, in the U.S. District Court for the Southern District of Florida.
- How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!
(Click here to file a claim)
Bottom Line
Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
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