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Tag Archives: mortgages

4th Circuit rules for Md. borrower in credit-reporting case

A mortgage lender must stop sending overdue-payment information to credit agencies once the debtor notifies the lender in writing why he or she believes the reported debt is not overdue, a federal appeals court ruled Tuesday in a case brought ...

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4th Circuit rules for borrowers in Md. mortgage ‘convenience fee’ case

A servicer of mortgage payments violated Maryland and federal law by charging borrowers a monthly $5 “convenience fee” for payments made online or by telephone rather than by check when this charge was not mentioned in their mortgage documents, a ...

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Finder’s fee lawsuit must be filed in 3 years, not 12

In a blow to Maryland homebuyers, the state’s top court has unanimously ruled that mortgage borrowers have just three years in which to sue mortgage brokers who allegedly failed to disclose they charged and collected finders’ fees for their brokerage services.

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