Are You Making Payments on a Residential Mortgage?
If you obtained a residential mortgage after January 1, 2019, you may be eligible to participate in a historic claim against the nation’s largest mortgage lenders. Our investigation uncovered evidence suggesting that the nation’s largest mortgage lenders and their shared software provider artificially inflated interest rates and fees for residential mortgages and refinances. Data analysis shows that borrowers who obtained loans from these lenders paid significantly higher rates than those who used other lenders during the same time period, even when accounting for similar loan characteristics and borrower profiles. By adopting the same algorithmic pricing tools, competing lenders appeared to have suppressed price competition and overcharged American borrowers in violation of antitrust laws.
Scott+Scott has filed a lawsuit in Federal Court in Nashville to compensate American mortgage borrowers the harm they have suffered from these illegal lending practices. If you obtained a residential mortgage or refinanced your home after January 1, 2019, you may have been impacted by this scheme and are eligible to participate in this litigation.
WOULD YOU LIKE TO PARTICIPATE IN THIS LITIGATION?
To find out if you are eligible, please fill out the form below and an attorney will reach out to you to review your potential claim and discuss your legal rights at no cost.