Shellpoint Mortgage Lawsuit: $500K Settlement & Pay-to-Pay Fees
The $500,000 Settlement and Ongoing Litigation Against Shellpoint Mortgage Servicing Shellpoint Mortgage Servicing, a significant player in the mortgage industry, is facing multiple lawsuits alleging unfair fees and deceptive practices. A recent $500,000 settlement in Dutcher v. Shellpoint Mortgage Servicing highlights issues surrounding communication during the COVID-19 pandemic forbearance period (established under the CARES Act). However, this settlement, while substantial, represents only a fraction of potential claims given Shellpoint's vast portfolio of approximately 1....