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Mr. Cooper, ACI to settle lawsuit over unauthorized mortgage payments

Housing Wire

SEPTEMBER 3, 2024

Mr. Cooper filed the lawsuit against ACI Payments in September 2023 , alleging breach of contract, misappropriation of confidential information and ordinary negligence, among other accusations. These customers paid overdraft/insufficient funds fees or faced temporary account freezes. ACI did not admit any wrongdoing.

Legal Fees

Legal Fees Mortgage Legal Contracts

Mr. Cooper sues ACI for damages related to unauthorized mortgage payments

Housing Wire

SEPTEMBER 26, 2023

In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits. Some customers faced overdrafts and/or insufficient funds fees on their bank accounts, while other customers’ depository institutions placed temporary account freezes. In total, ACI initiated around 1.4

Mortgage

Mortgage Legal Fees Legal Contracts

Mr. Cooper, ACI to settle lawsuit over unauthorized mortgage payments

Mr. Cooper sues ACI for damages related to unauthorized mortgage payments

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