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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
If you had a Federal Housing Authority (FHA) loan with Wells Fargo between June 1, 1996 and Jan. 20, 2015, you may be able to take part in a $30 million class action settlement.
The plaintiffs in the Wells Fargo FHA home loan interest class action lawsuit alleged that the bank had improperly charged them and others interest on their FHA insured mortgages.
Specifically, the class action lawsuit alleged that Wells Fargo failed to provide proper notice to mortgage holders regarding the collection of post-payment interest on their FHA loans.
The plaintiffs alleged that, in the event of a refinance, they and other FHA loan holders were effectively charged twice as a result — once by Wells Fargo and again by the new lender.
Over 1 million mortgage holders who had FHA backed loans with Wells Fargo over the course of nearly two decades may qualify for the Wells Fargo FHA home loan interest class action settlement.
The class action settlement received preliminary approval from a federal judge in August 2018.
Wells Fargo does not admit any liability or wrongdoing under the terms of the Wells Fargo FHA home loan interest class action settlement.
The deadline for Class Members to object to or exclude themselves from the settlement is Nov. 20, 2018.
Who’s Eligible
Class Members include “all persons nationwide who had an FHA-Insured Loan that was originated beginning June 1, 1996 and ending January 20, 2015, where (i) Wells Fargo, its agent, or its predecessor was the mortgagee as of the date the total amount due on the FHA-Insured Loan was brought to zero, (ii) Wells Fargo collected Post-Payment Interest on the FHA-insured Loan during the applicable Limitations Period, and (iii) the borrower made a prepayment inquiry, request for payoff figures, or tender of prepayment but did not receive a Payoff Statement containing the verbatim Post-Payment Interest disclosure language [as required under federal housing regulations].”
Potential Award
$19.50 (estimated)
Proof of Purchase
None
FAQs
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Exclusion Deadline
11/20/2018
Case Name
Fowler v. Wells Fargo Bank NA, Case No. 4:17-cv-02092, in the U.S. District Court for the Northern District of California
Final Hearing
12/20/2018
Settlement Website
www.FHASettlement.com
Claims Administrator
Fowler, et al v. Wells Fargo Bank NA
c/o GCG
PO Box 10644
Dublin, OH 43017-9244
Class Counsel
Adam L. Hoipkemier – adam@ehdlaw.com
Kevin Epps – kevin@ehdlaw.com
EPPS HOLLOWAY DELOACH & HOIPKEMIER LLP
Michael F. Ram – mram@robinskaplan.com
Susan S. Brown – sbrown@robinskaplan.com
ROBINS KAPLAN LLP
Defense Counsel
K. Issac deVyver
Karla L. Johnson
MCGUIREWOODS LLP
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183 thoughts onWells Fargo FHA Home Loan Interest Class Action Settlement
How funny, now they know exactly who they owe money to without a claim form. I have received nothing in the mail at all. How come all the settlements don’t work like this? Rhetorical questions, no technical Ted answers!!!
add me
Home purchased in 2010, so please add me
Been with Wells Fargo since 1996
I’m eligible 14 years FHA wells fargo
I had a mortgage with them starting in 2005. How do I find out about this??
No claim form required. You can contact the settlement administrator or class counsel with questions about your status as a class member. Contact information for both is listed on the settlement website: http://www.FHASettlement.com
I had a purchase in 2003 and a refinance in 2008
No claim form required. You can contact the settlement administrator or class counsel with questions about your status as a class member. Contact information for both is listed on the settlement website: http://www.FHASettlement.com
I’m eligible!
No claim form required. You can contact the settlement administrator or class counsel with questions about your status as a class member. Contact information for both is listed on the settlement website: http://www.FHASettlement.com
I’m eligible
No claim form required. You can contact the settlement administrator or class counsel with questions about your status as a class member. Contact information for both is listed on the settlement website: http://www.FHASettlement.com
I had a refinance with Wells Fargo in 2001. Am I elegible?
Kim Reicher
No claim form required. You can contact the settlement administrator or class counsel with questions about your status as a class member. Contact information for both is listed on the settlement website: http://www.FHASettlement.com