Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Lender Accused of Cheating Veterans

ATLANTA (CN) - Homeowners Mortgage Enterprises bilked veterans who refinance home loans for fees that lenders are supposed to pay, a class action claims in Federal Court.

Lead plaintiff Anthony Canada claims Homeowners, through its closing attorneys, Morris Hardwick Schneider, hid fees, "such as legal fees," within the loan form so that borrowers, rather than lenders, must pay them.

The fees are bundled into title search and title examination charges rather than appearing on a separate line as they should, the complaint states.

Veterans can refinance their homes through the Interest Rate Reduction Refinancing Loan, guaranteed by the Veterans Administration. But the VA will not guarantee refinancing if borrowers, rather than lenders, pay for attorney fees, the complaint states.

Canada says thousands of veterans across the country have paid these illegal fees.

The class is represented by Jason Crawford with Daughtery, Crawford & Fuller.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...