Get your refund of $239 - $716 on WMMSCSettlement.com as WaMu, WMMSC, and WAAC companies have failed to completely disclose terms of Option ARM loan to you.
To attract more customers, different financial companies announce various kinds of loans. Financial company representative have their best verbal skills to make you think that particular plan is best for you. Few financial companies mislead their customers to earn more money and customers suffer loss of their hard earned money. Washington Mutual Mortgage Securities Corp. (WMMSC) and WaMu Asset Acceptance Corp. (WAAC) have come across the class action due to failing in disclosing whole loan information in front of customers.
Class members have claimed that WMMSC and WAAC have cheated their customers for the Option ARM Loan (also known as Option Adjustable Rate Mortgage Loan). Companies have told their customers that they have to pay minimum payment in starting of loan as per the mortgage term and stay steady till end of loan to resolve big debt burden issue for customers. But with the time, debt value increase as companies failed to disclose complete loan terms in front of borrowers.
Some of the Option ARM Loans are originally sold to consumers by BrooksAmerica and other lenders, but at the end loans were sold to WMMSC and WAAC. Plaintiff said that companies have willingly and knowingly added deceptive mortgage scheme. Actions of WMMSC and WAAC violate California’s Unfair Competition Law and the federal Truth in Lending Act.
WaMu, WMMSC, and WAAC have denied about going anything wrong and yet agree to settle down the class action to resolve future uncertainty and cost of settlement. Any person who have took an Option ARM loan during time period f January 16, 2004 to December 2, 2014 in order to secure real estate property in California through WMMSC or WAAC and said loan was serviced by Washington Mutual Bank are eligible to claim refund into the settlement.
Depending on the length of time and principal amount of your loan, you will receive refund as $239 to $716. Final hearing of class action is going to conduct on March 27, 2015. For information and court documents, visit official site WMMSCSettlement.com.
Total approximate settlement fund: $10,000,000
Claims Administrator:
Peel v. BrooksAmerica, et al., Settlement Administrator
c/o Angeion Group
1801 Market Street, Suite 660
Philadelphia, PA 19103
(215) 563-4116
wmmsc@angeiongroup.com
Final hearing of class action: March 27, 2015
Refund amount: $239 - $716
Class Counsel:
BERNS WEISS LLP
WILLIAMS CUKER BEREZOFSKY LLC
MOORE & LEVIANT LLP
Defense Counsel:
BURKE, WARREN, MACKAY & SERRITELLA, P.C.
Image source: personalinjurydefensela
To attract more customers, different financial companies announce various kinds of loans. Financial company representative have their best verbal skills to make you think that particular plan is best for you. Few financial companies mislead their customers to earn more money and customers suffer loss of their hard earned money. Washington Mutual Mortgage Securities Corp. (WMMSC) and WaMu Asset Acceptance Corp. (WAAC) have come across the class action due to failing in disclosing whole loan information in front of customers.
Class members have claimed that WMMSC and WAAC have cheated their customers for the Option ARM Loan (also known as Option Adjustable Rate Mortgage Loan). Companies have told their customers that they have to pay minimum payment in starting of loan as per the mortgage term and stay steady till end of loan to resolve big debt burden issue for customers. But with the time, debt value increase as companies failed to disclose complete loan terms in front of borrowers.
Some of the Option ARM Loans are originally sold to consumers by BrooksAmerica and other lenders, but at the end loans were sold to WMMSC and WAAC. Plaintiff said that companies have willingly and knowingly added deceptive mortgage scheme. Actions of WMMSC and WAAC violate California’s Unfair Competition Law and the federal Truth in Lending Act.
WaMu, WMMSC, and WAAC have denied about going anything wrong and yet agree to settle down the class action to resolve future uncertainty and cost of settlement. Any person who have took an Option ARM loan during time period f January 16, 2004 to December 2, 2014 in order to secure real estate property in California through WMMSC or WAAC and said loan was serviced by Washington Mutual Bank are eligible to claim refund into the settlement.
Depending on the length of time and principal amount of your loan, you will receive refund as $239 to $716. Final hearing of class action is going to conduct on March 27, 2015. For information and court documents, visit official site WMMSCSettlement.com.
Highlights of WaMu Option ARM Loan Class Action Settlement:
Official site of class action: WMMSCSettlement.comTotal approximate settlement fund: $10,000,000
Claims Administrator:
Peel v. BrooksAmerica, et al., Settlement Administrator
c/o Angeion Group
1801 Market Street, Suite 660
Philadelphia, PA 19103
(215) 563-4116
wmmsc@angeiongroup.com
Final hearing of class action: March 27, 2015
Refund amount: $239 - $716
Class Counsel:
BERNS WEISS LLP
WILLIAMS CUKER BEREZOFSKY LLC
MOORE & LEVIANT LLP
Defense Counsel:
BURKE, WARREN, MACKAY & SERRITELLA, P.C.
Image source: personalinjurydefensela
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