First, you sue
Sure as the sun rises, the Wall Street Journal’s article on GSE ‘hidden’ loan fees has now stimulated litigation.
Have the two biggest providers of American home mortgage money charged consumers and lenders billions of dollars in artificially inflated loan fees since 2001? Have you been paying more than you should on your mortgage as a result?
Congressional committee leaders are investigating that possibility, and a federal regulatory agency has gathered preliminary data suggesting overcharges could have occurred. The answers aren’t in yet on Capitol Hill, but homeowners in two states aren’t waiting. They have filed federal class-action suits charging that mortgage giants Fannie Mae and Freddie Mac have conspired to pad their corporate bottom lines by setting artificially high loan fees that have been passed on to individual home buyers.
Meanwhile, the State of
The class-action lawsuit was filed on behalf of the
