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American Home Mortgage Servicing Inc. might delay posting online mortgage payments which generates unwarranted late fees.

Click here if you have had similar experiences as those affected by this investigation.

Investigation Source

Belt Law Firm, P.C.

Lakeshore Park Plaza
Suite 208
Birmingham, AL 35209

Investigation Scope

Nationwide

Category Information

Investigation Topics

Deceptive Late Fees
Excessive or Unauthorized Fees
Mortgage Servicing
Improper Credit For Payment
Unauthorized Or Illegal Fees

Product or Service

Servicing

Injury Type

Monetary Loss

Investigation Details

This is an investigation into mortgage servicing companies practices of receiving payments on line. Many mortgage companies allow mortgagees to make mortgage payments online via their website.

The American Home Mortgage Servicing, Inc. website represents that payments made by 9p.m. Central Standard Time will be credited to the payee's account on that same date. Some customers have complained that American Home Mortgage Servicing is violating this representation by waiting 3-5 days after a payment is scheduled before crediting the payee's account. This has resulted in many mortgagees receiving hefty penalties for late mortgage payments. If you have a mortgage with American Home Mortgage Servicing, and made a payment online which was not credited to your account in a timely manner, and would be willing to discuss your experience with us, please call.

Defendant Details

Name (Stock Symbol)	Brief Description
American Home Mortgage Servicing	American Home Mortgage Servicing Inc. is one of the country’s largest servicers of Alt-A and subprime loans and other types of home loans. It is owned by Wilbur Ross & Co. LLC.

Click here if you have had similar experiences as those affected by this investigation.

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