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 "The request was
prompted by reports that the Federal Deposit Insurance
Corporation would refund several million dollars to borrowers
overcharged on loans at savings institutions." NY
Times
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"A computer
consultant, John Geddes, found in a study of loans at savings
associations that some borrowers have been overcharged on
adjustable-rate mortgages since 1979. Many of the errors were
made in calculating the interest rate or balance on the
loans." NY Times |
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“Fleet Mortgage was required
by the New York Attorney General to refund $150 million in
escrow overcharges. GMAC was required to refund overcharges
of $100 million. Citibank likewise overcharged 16,000
homeowners millions of dollars."
PRweb |
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"It is estimated that 68% of
Commercial.. 47% of Residential and 74% of Equity loans
contain errors." raybestoracing |
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"According to national
statistics, 1/2 of all U. S. homeowners are, unknowingly,
being overcharged by their mortgage lender, at an average of
thousands of dollars per year. The overcharges occur in both
mortgage and escrow accounts, and to the collective amount of
over $60 billion dollars." PRweb |
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"One of the largest mortgage
services was ordered to repay $150 million in refunds for
overcharges." Galaxy Mall |
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"The Bank of New Zealand, a
subsidiary of The National Bank, has sent letters to 1700
customers apologizing for overcharging of fees on their
deposit accounts."
Financial Review |
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“The giant ANZ banking group
has agreed to pay compensation to certain customers…conceding
that it had overcharged thousands of customers.” Herald
Sun |
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"NAB will reimburse all
wrongly charged accounts and pay $18 million in lost interest.
Mr Fahour has apologised.” The
Age |
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