First American Charges Excess Mortgage Fees, Class Claims

Law360, New York (May 17, 2013, 6:46 PM EDT) -- First American Title Co. was hit with a proposed class action in Texas on Friday that claims it overcharged homeowners for mortgage fees even though it knew the exact amounts to be paid to counties.

Acting as an escrow agent, First American charged Texas homeowners for recording fees greater than the county recording fees it paid, according to a complaint filed in federal court by plaintiff Julian Aymett.

“Defendant has a practice of charging borrowers a flat fee for recording a mortgage or deed of trust...
To view the full article, register now.