Items Tagged with 'FINANCIAL FREEDOM'

ARTICLES

  • Class action lawsuit on forced-placed insurance for reverse mortgages gets green light

    Judge fails to dismiss suit against CIT Bank, Financial Freedom and 3 insurance companies
    A federal judge in New Jersey denied a motion to dismiss a class action lawsuit over force-placed insurance policies for reverse mortgage borrowers. The suit claims that CIT Bank, its former subsidiary Financial Freedom, and three insurance companies conspired to defraud borrowers by charging excessive fees for forced-placed insurance applied to their properties.
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