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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
Third Quarter 2008 Mortgage Litigation Report

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

Case Title
Case Number
Date Filed Link to Story
Countrywide Financial Corp., Countrywide Home Loans Inc., Countrywide Home Loans Servicing LP, Full Spectrum Lending Inc. and former chairman and chief executive officer Angelo R. Mozilo State of West Virginia na na The state claims the Calabasas, Calif.-based company made loans to West Virginia borrowers "on terms that were unaffordable and unconscionable." na na na
Highland Banc Inc. and Eric B. Johnson Attorney General, State of Ohio and Ohio Department of Commerce Court of Common Pleas, Franklin County na The defendants are accused of failing to provide accurate disclosures as required by the Ohio Consumer Sales Practices Act, Real Estate Settlement Procedures Act and Ohio Mortgage Broker Act. Highland, based in Columbus, and Johnson are also accused of violating the Ohio Homebuyers Protection Act, which was enacted last year. Ohio v. Highland Banc. Inc., et al. Case No. 08CVH8 11343 Aug. 7, 2008
Magellan Mortgage Corporation and Thomas Heflin Attorney General, State of Ohio and Ohio Department of Commerce Court of Common Pleas, Franklin County na Magellan is accused of providing estimated values on appraisal requests; failing to make required disclosures; violating the Truth in Lending Act; placing borrowers in loans they could not afford to repay; and churning borrowers by refinancing them even when there was no tangible benefit. Heflin charged appraisal fees that were substantially higher than his competitors. Ohio v. Magellan Mortgage Corp., et al. Case No. 08CVH8 11344 Aug. 7, 2008
Appraisal News | AMC Directory
Appraisal industry news coverage, including stories about independence requirements, AVMs and appraiser fraud.

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Repurchase News
Coverage of repurchase demands, expense and and litigation.

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