Alexandria, VA: A class action lawsuit has been filed alleging violations of federal banking law by PNC Bank, N.A., as successor to National City Bank. The case can be found as case number 1:10-cv-01090-AJT in the Eastern District US district Court, Alexandria, Virginia.
The lawsuit arises from allegations that PNC Bank employed an arbitrary and blanket prohibition against subrogating second mortgages to new or modified senior mortgages secured by non-PNC liens. The complaint states claims for violations of the Bank Holding Company Act' anti-tying provisions and seeks compensatory, statutory, and treble damages on behalf of PNC Bank' customers who were precluded from refinancing their first mortgages except on PNC Bank' terms.
PNC Bank Mortgage Fraud Class Action Legal Help
If you or a loved one has suffered damages in this case, please fill in our form on the right and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
I settled on my town house on 6/15/21. My mortgage was bought by PNC on 6/28/21 as a secondary mortgage. They bought the loan and servicing of the loan. PNC never recorded or acknowledge by prepayments for County taxes and mortgage hazardous insurance. Within the original mortgage closing costs over $2,500 almost $3,000 paid for 15 months worth of insurance and taxes. I discovered this discrepancy when PNC sent me my Nov billing along with my escrow balance. My escrow went into the negative (which it never should because those two Payments PNC made were not due for 15 months). With a negative balance, PNC ''advanced" my escrow. I guess they will collect more escrow after they raise my escrow next year or years afterwards while they pocket my prepayments. Four months later, PNC shows no record of prepayments. Both the original mortgage company and the Title Company have sent the closing papers. again, and the cancelled checks showing both have been paid. In the meantime. PNC paid County taxes on 9/30/21 and purchased and paid for mortgage hazard insurance, on 10/26/21, charging my escrow account. Secondary loans are processed in bulk with many loans lumped together. Homeowners, if you have a secondary loan through PNC who bought your original loan, check your prepayments and your escrow account. Make certain PNC is not pocketing your prepayments while charging you for more insurance and taxes. This is not legal. Within most home mortgages, you are assessed, during settlement, for insurance and taxes within the first year after your prepaid those expense, please contact Freddie Mac and/or the Federal Home Loan Agency if your account is not correct and report this discrepancy. Most people do not understand money or finance. A lot of people freeze up when math or money is involved. This is your money. Do not pay twice for PNC to take advantage of your lack of knowledge. I am educated in accounting and mathematics. So, I get into these things and check out everything with a fine tooth comb. Financial institutions know better.
Posted by Judy Parnell
on
My husband and i met 5 years ago at that time he was in remodification with PNC when i found out i said OMG i hate pnc i lost 25.000 dollars to them I put my retiremat money in and when the market crashed they said i lost my money iput my money in bonds and stocks so if one goes down the other would pick up they lied.So he got laid off not once but twice and they have jerked him around so bad that he has fourty four thousands extra dollars added to the loan and the intrest so on and so on so if we try to go with another company we have to clear up the garbage first if we dont then that is all the extra we have to carry on another loan there is so much dirty crap that this bank does i would like to know why are they still in business. Oh yeah my husband spent 20 years in the airforce and he is a master sargant do you think that matters
Posted by Linda D Lanier
on
PNC Bank foreclosed on my home while I was in active Chapter 7 Bankruptcy. I filed bankruptcy to stop the foreclosure action which I was advised to do by legal counsel. Even with the bankruptcy I still paid my mortgage every month. Out of the blue my payments started coming back. When I called the bank the said that my bankruptcy was discharged and so they could foreclose on my home. In fact, the bankruptcy was still active and did not discharge until the spring of the next year. This action cost me $18,000 in penalties and legal fees to keep my home. The main headquarters actually said to me that they foreclosed on me because they could.
As I paid my mortgage, PNC was sending the payments back. The out of the blue they started stop payment on the checks they were sending back to me. I have yet to receive restitution for the checks in the amount of $1200. I sent letters to the main headquarters and they have not even tried to resolve my issue.
PNC bank is evil and they have no regard for the consumer. When they did not want to deal with me anymore they sold my loan to Mr. Cooper who is just as incompetent.
I contact the Consumer Financial Advocacy Commission, the said I have a good case and that other people had called with the same issue as me. I just don't have the money for legal counsel.
Posted by Frederica coyle
on
PNC bought our home equity loan from Deepgreen bank that was 52k satisfied (I went to the county to get records of mortgages) PNC offered 250k line of credit which I show writing 98k in checks. My husband was I'll with Parkinson's he went on disability and I saw the balance was 227k I called to inquire about the amount I was screamed at by customer service I was so upset he actually made me cry.I gave up thought maybe that's not really what I owe..My husband got cancer and passed away. I applied for modification questioned again the amount was yelled at "Do you want to argue or do u want a modification!?!! At that point I was unsure that I was even going to be able to afford to keep house but I wanted to try. I worked 2 jobs plus odd jobs and lived in my basement had a house share. I sold almost everything I owned to survive. I knew balance was wrong and I started googling and found free legal help NYLAG so I went. They looked through my papers helped me ask PNC at the escalation dept and lastly requested that PNC show where they got starting balance from? That its not correct and it should be adjusted and all interest be adjusted also. No response from PNC. I must have spoke with 7 different people at PNC that they would be handling my account spoke with each person one time then told oh someone else would be handling your claim. I filed with BBB and consumer financial protection bureau and PNC responded and just added a withdrawal amount that I know was not taken by us. I could not afford an attorney I had one that wanted to take case. PNC had refused to renew my modification and my payment went from $878 to $1500 a month. I got a mortgage from Bethpage and now I have a 30 year mortgage when I could have been paid off in about 10 years. I feel sick about this I've lost sleep and have had so much stress which is not good for me I have MS. I had asked if I was penalized if the loan was not paid off after the 10 year draw and that's why the loan was showing at one point 227k PNC said no u pay for what u write out in checks. I don't know what to do I even asked if I could drive to PA from NY so they could explain how I could owe that amount.
Posted by Frederica coyle
on
PNC bought our home equity loan from Deepgreen bank that was 52k satisfied (I went to the county to get records of mortgages) PNC offered 250k line of credit which I show writing 98k in checks. My husband was I'll with Parkinson's he went on disability and I saw the balance was 227k I called to inquire about the amount I was screamed at by customer service I was so upset he actually made me cry.I gave up thought maybe that's not really what I owe..My husband got cancer and passed away. I applied for modification questioned again the amount was yelled at "Do you want to argue or do u want a modification!?!! At that point I was unsure that I was even going to be able to afford to keep house but I wanted to try. I worked 2 jobs plus odd jobs and lived in my basement had a house share. I sold almost everything I owned to survive. I knew balance was wrong and I started googling and found free legal help NYLAG so I went. They looked through my papers helped me ask PNC at the escalation dept and lastly requested that PNC show where they got starting balance from? That its not correct and it should be adjusted and all interest be adjusted also. No response from PNC. I must have spoke with 7 different people at PNC that they would be handling my account spoke with each person one time then told oh someone else would be handling your claim. I filed with BBB and consumer financial protection bureau and PNC responded and just added a withdrawal amount that I know was not taken by us. I could not afford an attorney I had one that wanted to take case. PNC had refused to renew my modification and my payment went from $878 to $1500 a month. I got a mortgage from Bethpage and now I have a 30 year mortgage when I could have been paid off in about 10 years. I feel sick about this I've lost sleep and have had so much stress which is not good for me I have MS. I had asked if I was penalized if the loan was not paid off after the 10 year draw and that's why the loan was showing at one point 227k PNC said no u pay for what u write out in checks. I don't know what to do I even asked if I could drive to PA from NY so they could explain how I could owe that amount.
Posted by R Mihaljevic
on
We are no different then the above people just older. We have been run around and given all kinds of information but what’s so disheartening is we were not told our loan was sold. I didn’t even know my Alzheimer husband had a second loan. Now it’s sold again apparently just found all this out when we went to refi a few months back and a lien was on our home. We, I am devistatated.
Posted by Duane Orebaugh
on
I was diagnosed with a autoimmune disease
in late 2011. During the six month prior to that I couldn't work much more than half time, but kept up on the loan payment. I Decided to retire and sell or apply for a loan modification not knowing which to do, knowing that I couldn't afford living in the house without doing something after retiring. I decided to notify PNC that I was listing the house to sell and ask for a loan modification. The first thing I noticed was PNC was miss placing the loan modification package thru out two months trying to do it. I faxed it several times and mail it certified twice with no luck.
During that time the house was put on contract to be bought by two different buyers. The realitor and I called PNC several times to get payoff and was told that we would have to go thru their lawyer to get a payoff statement. Three months later I finely received a statement of payoff and at which time was notified the house had be foreclosed on.
The funny thing about this was I received two phone calls about a year later from PNC and VA home loans asking if I still whated the house.. I hadn't lived in that house for 9 months , because of my illness and it was supposed to be sold if I had received a timely response from PNC or VA. I will say that I contacted VA several times with them getting no response from PNC. Because of this I lost the house and the American Tax payers had to foot the bill for the difference. PNC shouldn't be allowed to make home loans or service them. The HARP didn't help me!
Posted by Concetta Baker
on
I too had a mortgage with National City Mortgage. When it was bought by PNC I never received any notification of the acquisition, all I received was a package with a new payment book, a brief note about the changes and instruction to pay them instead of NCM. Shortly after that happened I lost my job (it was 2008) but despite the fact that I was a single mother of three and tremendous difficulties I continued to make my payments. Then one month I missed one payment, PNC immediately sent me threatening letters saying that if I didn't make up the payment in one lump sum they would forclose on my house. I called them and told them that I needed help in keeping my house and that I knew that Pres. Obama had passed a law (and given a bail out to banks) to help them help homeowners avoid foreclosure. They responded by sending me a "hardship form" to fill out to see if I would qualify for a home loan modification. Shortly after submitting the form I received a letter stating that my type of loan, an FHA, did not qualify for a loan modification. I went into panic mode, I knew PNC wanted my house real bad because it had 90,000 dollars of equity in it, with three young children I was not going to allow these thieves to take my home and put us in the street. Whit great sacrifices and my mother's help I was able to continue making payments but my situation was critical and I didn't know how long I could keep going, so I decide to sell before allowing PNC to steal my house. With the help of a real estate friend and lots of prayers, I was able to sell my house in one month and avoid forclosure, a true miracle at the time, when thousand of people were desperate to sell and the market was over saturated causing prices to fall like dominoes.
PNC put me in a situation where I had to sell when it was not necessary, they could have done a loan modification and I would have been able to stay in my home. This company is as crooked as they come, if there is a lawsuit against them I definetly want to be part of it, go after them and go hard, so hard that it will put them out of business!
Posted by nathaniel thompson
on
national city pnc bank lawsuit 1:10 vs 232 claim # 43757
Posted by Oneil and Pat Linton
on
This letter is to explain what we have experienced with PNC Bank and is to take the place of my, Pat Linton, having to continuously explain what we have been going through with PNC since 2014. I do not have the exact dates but I can give the experience we have encountered.
On December 6, 2013, First Med which began as Eastern Shore Ambulance, Inc. Closed its doors. It happened unexpectedly. I had been through the experience of losing my sister on Jan. 4, 2013 and then my mother on May 04, 2013 and now my job. This left me devastated, not knowing what my future would hold since I had been employed in Medical Billing for 16 years for the same company.
I have always been faithful in paying my bills, and was extremely concerned about what would happen now since I was making around $16.00 an hour and knew that anywhere I went now did not start you out at this amount. My husband is legally blind and was on disability, he could not drive himself to a job and at that time was at home also.
So after much thinking, the first thing we did was to call the bank and ask them if we came to a place where we found it hard to pay $1047.00 a month, could they work with us so that we could keep our home and pay our bills. We just wanted the help if we came to the place we needed it. The Representative said yes that we needed to fill out hardship loan papers and send them in. So this is what I did. I filled out the papers, explicitly putting on the papers I did not ever want to foreclose. In the back of my mind if I had to move out of our home and move into my children’s home in order to keep the home I would do so. All I knew was that I wanted to keep my credit in good standard as we always had. Our Credit Score was some where around 728%.
So here is where our journey began. I filled out the papers and sent them into the PNC Bank and we waited to hear from them regarding what could be done should this happen. We had been paying our payments all the time because they were drafting the payment from our account. They would take the payment around February 12th each month. Then I went to my bank account and found they had removed the benefit of going into my bank account and seeing what they were doing with our payments. It was gone. Then I noticed that they had not taken the February 12th payment out yet and it was past that date. That is when my husband called to find out what was going on. After the representative of the bank looked into it , he found that they had our home in foreclosure and had stopped our draft even though the money was in there to pay the payment. We then began getting calls about our being late and why we were not paying our payment and they were suppose to be taking it out. After that we were told to speak with another guy at the bank who had our account, and he did not know what had happened. He called our home and asked if we would allow them to begin the draft again and I told him I was disgusted in how the bank was handling this situation, and told him yes we had not stopped it so why did they do that to us.
We began receiving letters from the credit card companies changing our rates and decreasing our credit amount. We looked at our credit report and I know I saw a missed payment, but after I called the bank it was no longer on the report.
Finally, we went in to see an attorney that we knew and he began to look into it and saw where we had paid our payments and that they had gone to the circuit court in Accomack and found that they had our house as paid in full. They had also put a charge off on our bank account report. The lawyer seemed very confused and said they had done us wrong and needed to fix this. He wrote a letter to them asking for every letter that they had sent us to be sent to him because I could not find one the letters that said the house was paid. This letter said my house had been paid, so as far as I knew they had paid off our home. I had heard about banks doing this for other people. He gave them so many days to get the papers to him and they did not. We kept trying to contact the lawyer and finally he told me that we could not do any thing or get any thing from the bank only have them to fix it. I then realized and was told that this lawyer was connected to this bank and I knew he was not the one I should have gone to.
I could not understand why a well known bank could treat people like this and get by with it without even contacting the member of the bank and letting them know what had gone on with their account. The only call we got was can we draft the payment out of your account again and that it would be fixed. They were suppose to fix anything that had been done to our account. I was too tired to argue with them and decided as long as I could keep my home I would forget what had been done.
But I did keep checking on my account only to find that no one could find our account. I kept giving them the account number that was on my statement and they could not pull it up. I gave them my social security and they could not find it. I did this time and time and time again only to find the same thing. I called that lady that had signed the paper at the circuit court and she would not talk to me about it. She passed me on. Finally I gave up.
Then sometime around the first of March 2017 we went to the bank to ask them if we could borrow some money to put all our Credit Cards together and to get some money to do some home improvement and the girl came up with a problem. She could not find our loan. She called several people in front of us and got the same run around that we received. They had changed our loan number and it was not in the system yet we were still paying on the loan. They had not called us in and have us sign a new loan or nothing. The credit report showed we had paid our first loan then opened up a new loan with the same amount that we should have owed, I guess.
I really don’t know what they have done to us but the rep at the bank said that the charge off would affect us in getting money from any bank and it was their fault. She was unable to get an answer herself so she passed it on. She could not get through to any one but wanted me to get a copy of my credit report to send to her. I got the report and did not see anything that would help her and was tired of my having to do anything since this was their miss up. Then we had a man call us from the bank and when I tried calling back I had been given the wrong number. I told the people at the bank I was disgusted and after I went through this same story again, I made the statement that I was not telling this story again to anyone except a lawyer. After that I received a call telling me she had found the man and that I could call him. I told my husband to take care of it because it was getting on my nerves and affecting me and my attitude at the office. He called him and left message after message only to not receive a call back except for once and then a letter to cover himself. I can imagine the representative that I had spoken to, in a frustrated way, must have told the guy what was going on and that this was going in to the hands of a lawyer. My husband called again several times only not to receive but one call back and message. Then he sent us a letter stating he had been trying to get up with us, but there had only been one message and the letter. He was covering himself.
I tried getting up with another lawyer from accross the bay and was told again that all we needed was them to fix it and that the only was to get them to have to recompense for our trouble was that they had to hurt us in some way. They did. When the girl at the bank still found the charge off had not been fixed and this mess has stolen our time and has been extremely confusing and has been a harassment as far as I am concerned.
Also something else happened that I did not tell you. I had taken out Mortgage Insurance of $75,000.00 should something happen to me it would give my family time to sell the house and use this to pay on the mortgage. The cost was $47.00 a month but it was to last only for 7 years. The 7 years should be over by now, but when they closed out the old loan, what happened to the money that I was paying for the insurance? I contacted the insurance company and they could not find our name and they suggested that we contact the insurer which would have been the bank.
Also since then I did start my own business. God has blessed it tremendously. We didnot go back to the same lawyer because we did not believe he was telling us the truth about not being able to do anything about how they had treated us and what they had done to our credit.
I am tired of fulling with this mess. I feel the bank should pay for any charges that may come from this and that they owe me my house and maybe more. They did not have the right to open a new loan with out our knowing it or our signatures. They did not have the right to foreclose when we were making payments.
We saw a news report on Wells Fargo. They had been opening accounts that had not been authorized and it was against the law. I feel that PNC has done the same thing.
I am writing this letter because I am tired of explaining all that has taken place about our home. I hope that someone will find a way to help us to gain from all the wrong we have experienced. We should not have to pay the lawyers fee nor court fee since this is the fault of the bank. We hope this is enough information to help you understand what is going on.
Posted by Scott
on
When PNC acquired National City Bank's mortgage business, they never notified my wife and I to send payments to a new address. Instead, PNC reported us delinquent after 60 days and started the foreclosure process, even though we sent our payments on-time to NCB - the same address for a few years. PNC reported disparaging comments about our creditworthiness and caused substantial losses to my real estate rental business. All our credit cards got closed and credit lines reduced to the outstanding balances as a result. I couldn't acquire any equipment, materials, or supplies without paying cash. This was the first and only negative remarks on our credit report. PNC repeatedly lied to us claiming that they repaired our credit, but never did. We couldn't refinance our home for a couple years and were treated horribly by PNC. They didn't care about fixing their mistakes but only focused on accusing us of being bad borrowers. We did nothing wrong and even pointed out that PNC never complied with the terms of the mortgage note and failed to send notification of change in servicing agent/address by certified mail. Finally after nearly two years, PNC removed the disparaging remarks but never remedied the damages they caused.
Posted by H. Hobson
on
I had posted earlier this year and I am reading through the other complaints with PNC and they did most of the same things to me! The only reason they (PNC and NW Trustee) did not foreclose on us is I fought hard, even was forced to file BK the same day my house was to be auctioned off. Had to drive to Olympia in person to file and stop foreclosure. We now have a 45-50K discrepancy as to where payments went. Yesterday, for the first time, PNC said I had a loan mod a few years back. News to me because the 1st time they said I made too much, the 2nd time they said I didn't make enough and the last attempt of a HAMP refi they sent me a letter saying I did not comply with getting info in a timely manner and case closed. Mind you, I called almost everyday asking if they needed anything else. My trust level was so low I called constantly so you can imagine how surprised and upset I was when I got the letter. They assured me every time that I called, if they needed anything else they would notify me and I still kept calling. Then I was FORCED to agree to a repayment plan and pay an additional approx. $1500/mo on top of my regular payment. I did that for 2 years, no lates. I would later learn that they turned my loan in to a 40 year mortgage...WHAT? Now approx. 11 years later I still owe 315K on my mortgage that started at 336,600. My calculations show I should owe approx. 265K. They are now calling (as of yesterday) the repayment plan a loan mod. PNC is crooked and I would love nothing more than to be part of a class action lawsuit against PNC. I have not been in foreclosure status for some years but nothing "adds up" and I still feel very taken advantage of and forced to sign things that were portrayed very differently than they now appear. Thanks and the best of luck to everyone wronged by PNC!
Posted by Keith Walters
on
My mother with dementia passed in August 2014. All I have been trying to do is work with PNC Mortgage to pay back any monies on our family home since January this year. but they still went to foreclosure and won't even entertain our settlement structure to pay the debt back. Was mom's full time caregiver and POA and they never arranged for a face-to-face to discuss a restructure or loan modication. I thought they would work with the family to get their monies which is less than the value of the property but it seems they have no interest in what's right and fair. They are not customer focused like they put on.
Posted by Mike Alex Ahmed & Sarita Devi Maharaj-Ahmed
on
Our Original Loan was with National City Mortgage after merging, our loan was to be modified - they refused to take payments since the temporary loan from construction loan was up, took like a year for approval on a new loan. All headaches with this process, need and that needed, I thought I was going to lose our home we designed and had built. We emailed where do we send our payments the reply was their Title Company will not accept you, there are liens on the home. No problem, you are in 1st postion (National City Mortgage is - PNC is not) This is why they want to do Title again. They have us in FORECLOSURE. They have Transferred Title to NW Trustee in Washington. How can they do this. They are not interested in any way of helping the consumer. I would like to join any type of class action suit that PNC will have due to their unfair practices as a Consumer.
Posted by Jennifer Gomaa
on
We where turned down for Mod. Yet it took them a year and longer kept saying papers where not turn in THAT WAS A LIE. So we kept asking can we pay something THEY TOLD ME NO I was not eatting sleeping my family went though hell
Posted by Al Burns
on
In May of 2013 the British Company I had been working for decided to do away with my position. Trying to do what I thought was right I contacted PNC, and advised them that I had been laid off, and that I would still be making my payments, however I felt I should notify them. Under their request I submitted for a refinance (in which they told me not to make my payments for 2 months) and then they refinanced my 30 year mortgage for 40 years at a higher interest rate.
I have taken the last three years to crawl out of the hole this lay off put me in, I will soon be looking for a new mortgage company and would not recommend anyone finance a home with PNC. Like many of the big banks, they are greedy and want only the biggest return.
Posted by John Foster
on
PNC Bank purchased RBC in March of 2013 and after closing the deal with RBC my loans were called. Soon after I made contact, PNC Bank started foreclosing on my properties thus forcing me to file chapter 11. I never, never received any kind of notices about payments due nor did I know what my payments were. PNC went months before returning my calls regarding my inquire into my loan status
Posted by David Heckendorn
on
I see all of these similar stories to mine of PNC fraudulent practices but now what?
Seems like a class action lawsuit is necessary but when?
I live in a VW Vanagon because of these jerks and my credit can't be good because of all of this.
Posted by H. Hobson
on
I have been through hell and back with PNC. After being denied for everything I asked for, several different ways (Hamp included) I ended up having to pay an additional $1500/mo. for 2 years to save my home from foreclosure. I have been paying for almost 11 years and only owe $13,000 less than my original loan amount. How is this possible? I am current and my rate continues at 5.875% with NO help of ANY KIND from PNC. And apparently I agreed to a 40 year loan when I agreed to pay an additional $1500/mo for 2 years. Since they refused to take payments from me during the time I was trying to do a loan mod...it got out of control, on my end, and they ended up with ALL the control putting me in a desperate situation to save my home. I have been disgusted with PNC actions since I tried to make adjustments as my Husband had lost his job and we were both in industries that were hit hard by the recession, Construction and Real Estate. We ultimately saved our home with MANY MANY sacrifices and NO THANKS to PNC. Our original lender was National City merged with PNC. If there is EVER a lawsuit with PNC, I would love to be included as I feel they are corrupt and we paid the price! I have pages of documentation during the process of PNC doing everything to not qualify us for any program. I believe it is because we were one of the rare cases that continued to have equity in our home. I always felt like they were trying to get our home and not help us stay in it. Please notify me of any opportunities to sue PNC. Thank you!
Posted by Derek Palmer
on
PNC foreclosed my home after trying to get help thru the hamp program
Posted by PAUL C. DEANGELIS
on
THEY SCREWED ME AROUND FOR MONTHS ON LOAN MODIFICATION (YOUR PHONE CALLS WILL
BE RETURNED WITHIN 24-48 HOURS) REQUESTING RECORDS ON TOP OF RECORDS THAT I HAD ALREADY SUBMITTED.
AFTER ALL OF THIS, THEY SAID THAT I DID NOT RESPOND IN TIME (NOT TRUE) AND THAT THEY HAD A PROGRAM NEW PROGRAM THAT I SHOULD APPLY FOR. HAD TO START ALL OVER AGAIN. THEN THE RESPOND WITHIN 24-48 HOURS TO MY QUESTIONS STARTED ALL OVER AGAIN ALONG WITH REQUESTS FOR INFORMATION THAT I HAD ALREADY SUBMITTED. THEN I QUIT! HOUSE PAYMENTS WENT FROM $300.00/MO TO $900/MO AND WE HAVE BEEN FINANCIALLY SUFFERING EVER SINCE. THESE BANKSTERS HAVE NO MERCY!
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