Anthony Kressel and Jennifer Kressel v. Newrez LLC, doing business as Shellpoint, and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023-HE3

CourtDistrict Court, N.D. Illinois
DecidedJanuary 28, 2026
Docket1:25-cv-05904
StatusUnknown

This text of Anthony Kressel and Jennifer Kressel v. Newrez LLC, doing business as Shellpoint, and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023-HE3 (Anthony Kressel and Jennifer Kressel v. Newrez LLC, doing business as Shellpoint, and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023-HE3) is published on Counsel Stack Legal Research, covering District Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Anthony Kressel and Jennifer Kressel v. Newrez LLC, doing business as Shellpoint, and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023-HE3, (N.D. Ill. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION

ANTHONY KRESSEL and JENNIFER KRESSEL,

Plaintiffs, Case No. 25 cv 5904

v. Honorable Sunil R. Harjani

NEWREZ LLC, doing business as SHELLPOINT, and WILMINGTON SAVINGS FUND SOCIETY, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023-HE3,

Defendants.

MEMORANDUM OPINION AND ORDER Anthony and Jennifer Kressel believed they had found a way out of their financial troubles after their federal bankruptcy proceedings concluded. But, they now allege that Defendants Shellpoint and Wilmington Savings failed to honor the terms of an agreement they reached to alleviate their debt. They claim that Defendants are charging them almost double the amount of monthly payments than required by that agreement. Before the Court is Defendants’ motion to dismiss for lack of standing and for failing to state plausible claims.1 For the reasons stated below, Defendants’ motion to dismiss [23] is granted in part and denied in part.

1 Plaintiffs filed their original complaint on May 27, 2025. [1]. Defendants moved to dismiss the complaint on July 11, 2025. [19]. Plaintiffs filed the operative Amended Complaint on July 16, 2025. [22]. Defendants filed a second motion to dismiss, raising substantially the same arguments on July 29, 2025. [23]. The Parties proceeded to discuss only the second motion to dismiss in their briefs. As such, Defendants’ original motion to dismiss [19] is stricken. Background Anthony and Jennifer Kressel obtained a line of credit from Figure Lending secured by a second mortgage on their home in Mokena, Illinois, on October 1, 2023. [22] ¶¶ 4, 15. They did so to help pay medical bills after Anthony became disabled. Id. ¶ 16. Both Anthony and Jennifer

signed the mortgage, but only Jennifer signed the line of credit agreement. Id. ¶ 15. Overwhelmed by financial difficulties, Plaintiffs eventually filed for Chapter 7 bankruptcy on November 25, 2024. Id. ¶ 17. Plaintiffs included the line of credit among their listed debts. Id. ¶ 18. When Plaintiffs filed for bankruptcy, Figure Lending still held the mortgage and serviced the loan. Id. ¶¶ 19, 20. However, on December 20, 2024, while the bankruptcy proceedings were in progress, Figure Lending transferred the servicing rights to NewRez LLC, doing business as Shellpoint (Shellpoint). Id. ¶ 21. Then, Figure Lending transferred the remaining rights under the mortgage and the credit agreement to Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023 (Wilmington) on January 9, 2025. Id. ¶ 22. According to Plaintiffs, the debt was treated as defaulted when the rights were transferred.

Id. ¶ 25. On March 10, 2025, Plaintiffs were discharged from bankruptcy. Id. ¶ 33. The current dispute is about a Reaffirmation Agreement that was part of the bankruptcy proceedings and signed by Jennifer on January 28, 2025, which was countersigned by a representative for “Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023-HE3 as serviced by NewRez LLC d/b/a Shellpoint Mortgage Servicing” on February 24, 2025. Id. ¶ 27; [22-1] at 47. Under the Reaffirmation Agreement, Jennifer agreed to make 345 payments of $269.34 on the debt beginning in February 2025. [22] ¶ 31. On January 27, 2025, Shellpoint began sending statements demanding a payment of $485.22/month. Id. ¶ 34. Jennifer did not make that payment and instead paid $269.34/month as specified in the Reaffirmation Agreement. Id. ¶ 35. Shellpoint treated Jennifer’s payment of $269.34 as a partial payment and placed it in a suspended account until $485.22 was received, and

then credited it as one payment. Id. ¶¶ 37, 38. Plaintiffs allege that this payment misallocation will result in them paying substantially more than they are required to under the Reaffirmation Agreement and that Defendants’ lien on their home is more than it should be. Id. ¶¶ 39, 40. On March 27, 2025, Shellpoint sent Jennifer a letter stating that the mortgage was one monthly payment of $485.22 past due. Id. ¶ 41. Then, Shellpoint informed Jennifer on April 10, 2025, that the Reaffirmation Agreement was not financially sound for Shellpoint, that Shellpoint would not honor the agreement, and that Plaintiffs should apply for a hardship review. Id. ¶ 42. Jennifer was further informed that she would be subject to negative credit reporting if Shellpoint did not receive the $485.22/month payments. Id. ¶ 44. On April 18, 2025, Plaintiffs sent Shellpoint a qualified written request complaining that

Shellpoint was demanding monthly payments above the amount required in the Reaffirmation Agreement and that Shellpoint was wrongfully allocating the payments. Id. ¶ 47. Shellpoint acknowledged receipt of the qualified written request on April 28, 2025, but as of July 14, 2025, Plaintiffs had not received a response. Id. ¶¶ 48, 49. On May 12, 2025, Shellpoint sent a notice to Jennifer that the loan was in default. Id. ¶ 51. Legal Standard Defendants seek to dismiss the Amended Complaint under Rule 12(b)(1) and Rule 12(b)(6). A Rule 12(b)(1) motion tests whether the Court has subject-matter jurisdiction. Hallinan v. Fraternal Order of Police of Chi. Lodge No. 7, 570 F.3d 811, 820 (7th Cir. 2009). The plaintiff bears the burden of establishing subject matter jurisdiction. Ctr. for Dermatology & Skin Cancer, Ltd. v. Burwell, 770 F.3d 586, 588–89 (7th Cir. 2014). The Court “must accept as true all well- pleaded factual allegations, and draw reasonable inferences in favor of the plaintiff.” Ezekiel v. Michel, 66 F.3d 894, 897 (7th Cir. 1995)

“A motion under Rule 12(b)(6) tests whether the complaint states a claim on which relief may be granted.” Richards v. Mitcheff, 696 F.3d 635, 637 (7th Cir. 2012). Under Rule 8(a)(2), a complaint must include only “a short and plain statement of the claim showing that the pleader is entitled to relief.” Fed. R. Civ. P. 8(a)(2). To survive a Rule 12(b)(6) motion, “a complaint must contain sufficient factual matter, accepted as true, to ‘state a claim to relief that is plausible on its face.’” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) (quoting Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570 (2007)). This pleading standard does not necessarily require a complaint to contain detailed factual allegations. Twombly, 550 U.S. at 555. Rather, “[a] claim has facial plausibility when the plaintiff pleads factual content that allows the court to draw the reasonable inference that the defendant is liable for the misconduct alleged.” Adams v. City of Indianapolis, 742 F.3d 720,

728 (7th Cir. 2014) (quoting Iqbal, 556 U.S. at 678). The allegations “must be enough to raise a right to relief above the speculative level.” Twombly, 550 U.S. at 555. When deciding a motion to dismiss under Rule 12(b)(6), the court accepts as true all factual allegations in the complaint and draws all inferences in favor of the plaintiff. Heredia v. Capital Management Services, L.P., 942 F.3d 811, 814 (7th Cir. 2019).

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Anthony Kressel and Jennifer Kressel v. Newrez LLC, doing business as Shellpoint, and Wilmington Savings Fund Society, FSB, not in its individual capacity but solely as Owner Trustee of FIGRE Trust 2023-HE3, Counsel Stack Legal Research, https://law.counselstack.com/opinion/anthony-kressel-and-jennifer-kressel-v-newrez-llc-doing-business-as-ilnd-2026.