The Rise of ‘Bait-and- Switch Pricing’
Emily Stewart, Business Insider
PennyMac’s COVID-19 Forbearance Plans
Case Name (Date)
Cyrus et al. v. PennyMac Loan Services, LLC
24-cv-1145, D. Conn.
(July 2024)
Product/Service
COVID-19 Forbearance Plans for mortgages
Allegations
Deceptively representing that a deferred payment program would be available to veterans after their forbearance plans ended when the company stopped accepting applications for the program and forced veterans to accept loan modifications that increased their monthly mortgage payments
Status
Pending
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