First Amended Complaint Filed in Select Portfolio Servicing Mortgage Fraud Litigation

High-cost mortgage loans

Lieff Cabraser has filed the First Amended Class Action Complaint on behalf of plaintiffs in the federal lawsuit in New York alleging that Select Portfolio Servicing, Inc. is defrauding customers through improper interest rate change calculations and illegal collection of late fees on post-acceleration mortgage loans. As a result of the improper practices detailed in the complaint, SPS customers are overpaying for their mortgage loans. [Read more…]