Freedom Mortgage Fees Class Action Settlement

Nationwide consumers who received mortgages through Freedom Mortgage Corp. and paid money for fees on property inspections may be eligible for compensation in the form of a payment as a result of a recent class action lawsuit settlement.

Settlement Class Members include United States citizens who held mortgages through Freedom Mortgage Corp. and paid fees on property inspections after defaulting or being delinquent on their mortgage payments between March 5, 2013, and Dec. 31, 2020.

In the lawsuit documents, Plaintiffs allege that Freedom Mortgage Corporation charged fees to borrowers on mortgage loans unnecessarily and improperly.

The Company denies the allegations of the Plaintiffs and strongly contends that its actions were always lawful and proper. Both the Plaintiffs and Defendants have reviewed the terms of the Proposed Settlement Agreement and believe that it provides an adequate solution to the claims.

Freedom Mortgage Corp. is currently the third-largest lender in the United States. Across the nation, the company employs over 2,000 Americans and makes about $1.18 billion in revenue.

Class Members who submit a valid claim can receive a one-time payment equal to 35 percent of the amount of the first property inspection fee paid to Freedom Mortgage. Class Members will receive another payment of 50 percent of the amount of all inspection fees paid to Freedom Mortgage. The exact amount each individual Class Member will receive hinges on this formula’s calculations on a case-by-case basis and the total amount of claims made in this class action lawsuit.

Class Members who want to seek out individual lawsuits should exclude themselves from this current class action settlement. The deadline to file an exclusion is Dec. 16, 2021.  Class Members who exclude themselves from this class action lawsuit will not receive a payment.

Class Members who do not agree with the terms of the settlement but do not wish to exclude themselves must file an objection by the same date, Dec. 16, 2021.

Class Members who do not take action at all will not receive their share of the settlement fund. Despite that, they will still be bound by the terms of the proposed settlement agreement, which means that they will not be eligible to seek out future litigation regarding this matter.

A final approval hearing will take place Feb. 10, 2021.

The deadline to file a claim in this class action settlement is Dec. 16, 2021.

Who’s Eligible

Settlement Class Members include United States citizens who held mortgages through Freedom Mortgage Corp. and paid fees on property inspections after defaulting or being delinquent on their mortgage payments between March 5, 2013, and Dec. 31, 2020.

Potential Award

Varies

Proof of Purchase

No proof of purchase necessary.

Claim Form

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.

Claim Form Deadline

12/16/2021

Case Name

Gress v. Freedom Mortgage Corp., Case No. 1:19-cv-00375-JEJ, in the U.S. District Court for the Middle District of Pennsylvania

Final Hearing

02/10/2022

Settlement Website

FMCSettlement.com

Claims Administrator

Gress v. Freedom Mortgage c/o Kroll Settlement Administration LLC
PO Box 5234
New York, NY 10150-5234
833-765-2108

Class Counsel

D. Greg Blankinship
FINKELSTEIN BLANKINSHIP FREI-PEARSON & GARBER LLP

Defense Counsel

Jason W. McElroy
WEINER BRODSKY KIDER PC