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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
First of all why can’t there be a phone number so we can talk with someone. I also got a $34.77 check and in a week while I was on seeing my ill Dad the check expired. Why is there only a week to cash a check?
Why would they send you a check and only give you a week to cash it it stated 625 and the cash the expired date was yesterday July 9th it expires so now I can’t cash it why would you give somebody that little time I never even got the check until July
I got $27.42
I also received a check without an endorsable back. Suggestions?
Hi all, I’m a credit union teller in Oregon and can tell you that despite these settlement checks having your address on them (someone below called it the “postage side”), they ARE real, cashable checks! Just take it to your bank or credit union. If the teller is not familiar with these checks, they can ask a manager. If in doubt, they can also google the routing number on the check and it will bring up a legit financial institution. (I took in a few today which I think were from Huntington Bank, or something like that.) Your bank or credit union can tell you how to endorse, but basically, you find where it says “payable to” or “pay to the order of,” flip the check over and sign as usual on THAT end of the check. Hope that helps!
got 43.77 today
Got 13.99 today
Same. Received what looks like a check from the front but the back does not have a place to sign. The back is postage. Is there a real check coming?
Hi Paul, I’m a credit union teller in Oregon and can tell you that despite these settlement checks having your address on them (someone below called it the “postage side”), they ARE real, cashable checks! Just take it to your bank or credit union. If the teller is not familiar with these checks, they can ask a manager. If in doubt, they can also google the routing number on the check and it will bring up a legit financial institution. (I took in a few today which I think were from Huntington Bank, or something like that.) Your bank or credit union can tell you how to endorse, but basically, you find where it says “payable to” or “pay to the order of,” flip the check over and sign as usual on THAT end of the check. Hope that helps!
I can’t get any attorneys to answer one phone call my number 907-521-1974 can somebody please call me I have gotten no help at all
Got 27.18
Got 27.82!