Statebridge Mortgage Servicer Settlement
What happened
Statebridge, a mortgage loan servicer, allegedly charged late fees, default-related fees, and interest on junior-lien mortgage loans during periods when borrowers were not receiving monthly mortgage statements and when loans were charged off. The settlement addresses improper fees and interest charges assessed between November 2, 2023 and May 14, 2025.
Do you qualify?
Anyone who is obligated on a junior-lien mortgage loan secured by their primary residence in the U.S. that was actively serviced by Statebridge as of May 14, 2025, was more than 30 days past due when Statebridge began servicing it, and received correspondence showing improper fees or interest charges between November 2, 2023 and May 14, 2025. Additional subclasses include CAMG-owned loans and Owner Entity-owned loans with specific criteria.
How to file
If you do nothing, you will automatically receive a settlement payment and interest removal from your loan if the court approves the settlement. To exclude yourself, submit an opt-out request online or in writing to the Settlement Administrator by April 7, 2026. You can also object to the settlement by writing to the court by the same deadline.
Common questions
- Is the Statebridge Mortgage Servicer Settlement notice real, or a scam?
- Settlement Administrator is the settlement administrator for this case. Claims are filed at interestsettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- How long until I get paid from the Statebridge Mortgage Servicer Settlement?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. Payments cannot be issued until the court grants final approval and any appeals are resolved.
- What happens if I do nothing?
- You receive no payment, and in most class actions you also give up the right to sue Statebridge separately over these same claims. To keep that right you must opt out (exclude yourself) by April 7, 2026.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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