This website provides information about the settlement concerning the lawsuit the United States Department of Justice (DOJ) filed against SunTrust Mortgage alleging that it discriminated against more than 20,000 qualified African-American and Hispanic borrowers across the country who received mortgage loans from 2005 through 2009. SunTrust Mortgage denies this allegation.
The DOJ and SunTrust Mortgage agreed on a settlement, which was approved by the United States District Court for the Eastern District of Virginia on September 14, 2012. The settlement, among other provisions, established a $21 million fund to compensate African-American and Hispanic borrowers who the United States DOJ alleged are discrimination victims.
The process of identifying borrowers who are eligible to recover from the settlement fund has been completed and African-American and Hispanic borrowers identified by the DOJ as eligible to recover from the settlement fund are being mailed a notification package starting in early April 2013. The DOJ analyzed SunTrust Mortgage’s loan records between the years of 2005 and 2009 to determine which African-American borrowers and Hispanic borrowers potentially paid substantially more for their loan than the comparable non-Hispanic white borrowers in the same area. Therefore, not every African-American or Hispanic who obtained a mortgage loan from SunTrust Mortgage between January 1, 2005, and December 31, 2009 is eligible to recover from the settlement fund.
If you are a borrower identified by the DOJ as eligible to recover from the settlement fund, you will receive a notification package in the mail that includes a personalized Registration Form. In order to be eligible for a payment from this settlement, this form must be completed, returned in the pre-paid envelope, and postmarked by August 21, 2013.
Later this year, you will receive another package, called a Release Package, with the exact award amount and a personalized Release Form. In order to receive the payment, all the borrowers on the loan must sign the Release Form and mail it back in the pre-paid envelope by the stated date.
If you wish to confirm whether you are a borrower identified by the DOJ as eligible to recover from the settlement fund, please call 1-866-459-3633 or email email@example.com.
The notification package being mailed in early April is the first one being sent relating to the SunTrust Mortgage lending discrimination settlement. Some SunTrust Mortgage borrowers have previously received legitimate letters relating to other settlements with SunTrust Mortgage; these settlements are separate matters.
Your participation in this settlement is optional, and is designed to be an easy process. You should not need help from a lawyer or claims filing service to receive payment. However, you are free to consult an attorney of your choice to discuss whether to participate and the settlement’s possible financial impact on you.
SunTrust Mortgage borrowers should treat with caution any phone calls or mail received telling them they need to pay to participate in the settlement. This could potentially be a scam.
All mailings from the SunTrust Mortgage Settlement Administrator, Rust Consulting, Inc., related to the lending discrimination settlement will have the seal of the United States Department of Justice, use the return address "SunTrust Mortgage Settlement Administrator, c/o Rust Consulting, PO Box 2952, Faribault, MN 55021-2952,", and will ask the alleged discrimination victims to return response forms to that address.
Any potential scams related to the SunTrust Mortgage lending discrimination settlement should be reported to 1-866-459-3633 or firstname.lastname@example.org.