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Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.


Appraisal Lawsuits
Second Quarter 2009 Mortgage Litigation Report

main report page

Litigation related to real estate appraisals, pressuring appraisers and appraisal fraud.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
All Line Appraisals Ohio Attorney General n.a. n.a. Default judgment. n.a. n.a. n.a. www.mortgagedaily.com/Lawsuits051209.asp
Apex Mortgage State of Ohio Belmont County Common Pleas Court $51,800 Firm allegedly try to coerce appraiser to reach pre-determined value by providing order form with value on in. Violation of Consumer Sales Practices Act alleged. Ohio v. Apex Mortgage No. 07-CV-261 10-Mar-2009 www.mortgagedaily.com/Lawsuits051209.asp
CFIC Direct State of Ohio Licking County Court of Common Pleas n/a Firm allegedly try to coerce appraiser to reach pre-determined value by providing order form with value on in. Violation of Consumer Sales Practices Act alleged. Ohio v. CFIC Direct No. 2007-CV-2174 n/a www.mortgagedaily.com/Lawsuits051209.asp
Countrywide Financial Corp., subsidiary LandSafe Appraisal Services and KB Home Abraham Nieto U.S. District Court n.a. Defendants allegedly conspired to sell borrower overpriced home. n.a. n.a. n.a. www.mortgagedaily.com/Lawsuits051209.asp
Federal Housing Finance Agency National Association of Mortgage Brokers U.S. District Court for the District of Columbia n.a. Lawsuit dismissed because regulator can't be sued while GSEs in conservatorship. NATIONAL ASSOCIATION OF MORTGAGE BROKERS, INC., 7900 Westpark Drive, Suite T-309, McLean, VA 22102, Plaintiff, v. JAMES B. LOCKHART III, DIRECTOR OF THE FEDERAL HOUSING FINANCE AGENCY 1700 G Street, N.W., 4th Floor, Washington, D.C. 20552, Defendant n.a. February 2009 www.mortgagedaily.com/LawsuitNamb022409.asp
First Ohio Banc & Lending State of Ohio Belmont County Common Pleas Court n/a Firm allegedly try to coerce appraiser to reach pre-determined value by providing order form with value on in. Violation of Consumer Sales Practices Act alleged. Ohio v. First Ohio Banc & Lending No. 07-CV-259 n/a www.mortgagedaily.com/Lawsuits051209.asp
Frontier Appraisals LLC Ohio Attorney General $5,000 Firm allegedly try to coerce appraiser to reach pre-determined value by providing order form with value on in. Violation of Consumer Sales Practices Act alleged. n.a. n.a. n.a. www.mortgagedaily.com/Lawsuits051209.asp
Nations Lending Corp. State of Ohio Cuyahoga County Common Pleas Court n/a Firm allegedly try to coerce appraiser to reach pre-determined value by providing order form with value on in. Violation of Consumer Sales Practices Act alleged. State v. Nations Lending Group No. CV-07-644350 12-Dec-2007 www.mortgagedaily.com/Lawsuits051209.asp
Washington Mutual Michael Walsh n.a. n/a Class action suit brought to challenge use of allegedly flawed valuation models (i) to undervalue homes and (ii) as a pretext for credit limit reductions. n.a. n.a. n.a. www.mortgagedaily.com/LawsuitJpMorganHeloc062209.asp
Washington Mutual Bank, Henderson, Nevada, et al. Michell Kimball U.S. District Court, S.D. Cal. n/a Class action suit brought to challenge use of allegedly flawed valuation models (i) to undervalue homes and (ii) as a pretext for credit limit reductions. Kimball v. Washington Mutual Bank, Henderson, Nevada, et al. No. 3:09-CV-1261 10-Jun-2009 www.mortgagedaily.com/LawsuitJpMorganHeloc062209.asp
Wells Fargo Bank N.A. and Valuation Information Technology LLC Sound Appraisal and Savage Appraisal Services, Inc. U.S. District Court for the Northern District of California n/a Appraisers alleged violations of the Racketeering Influenced and Corrupt Oganizations Act because defendants allegedly blacklisted appraisers for refusing to fraudulently inflate their estimated values. Sound Appraisal and Savage Appraisal Services Inc., on behalf of themselves and all others similarly situated, Plaintiffs, vs. Wells Fargo Bank N.A. and Valuation Information Technology LLC dba Rels Valuation, Defendants. 4:09-cv-01630-CW 14-Apr-2009 www.mortgagedaily.com/LawsuitWellsAppraisers050809.asp
Appraisal News | AMC Directory
Appraisal industry news coverage, including stories about independence requirements, AVMs and appraiser fraud.


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