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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.

Corporate Bankruptcy Litigation
First-Quarter 2011 Mortgage Litigation Index

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Litigation surrounding companies that file for bankruptcy protection or bankruptcy liquidation.

Case Title
Case Number
Date Filed Link to Story
Chase Home Finance, Inc. Countrywide Home Loans, Inc., Fifth Third Bank, GMAC Mortgage Corp., Provident Funding Associates, L.P., Saxon Mortgage, Inc., Sovereign Bancorp, Inc., Suntrust Bank, Wachovia Bank, N.A., and Wells Fargo Home Mortgage Lynn E. Feldman, as Chapter 7 Trustee of the Estate of Image Masters, Inc. et al. U.S. Bankruptcy Court for the Eastern District of Pennsylvania $20,000,000 Provident Funding Associates, LP was among the defendants in the March 2009 bankruptcy case involving Image Masters, Inc. The trustee sought the return of more than $20 million in payments collected by the defendants during the past 4 years. In re: Image Masters, Inc. et al. Main Case No. 07-21587REF; Adversary No. 09-2092 Mar-09
Sheila Kilborn-Jones Idaho Department of Finance, Idaho AG's Office, United States et al. Idaho - Fourth District $1,200,000 Defendant, a former mortgage broker associated with Vitruvian Investments and a fund manager with the Vitruvian Investment Group, pleaded guilty and was sentenced to four years in jail after admitting to using at least $220,000 of her clients' funds for her personal use. Defendant was ordered to pay $1.2 million in restitution. n/a n/a n/a
Silar Advisors, LP and William A. Leonard USA Commercial Mortgage Co. United States Court of Appeals for the Ninth Circuit n/a USA Commercial Mortgage Co. filed a voluntary Chapter 11 bankruptcy petition. The hard-money commercial mortgage lender serviced 60 loans for $485 billion, and Compass Partners LLC's bid won it the servicing rights. Investors in the loans sued Compass in federal court, seeking to terminate the company as the servicer. In re: USA Commercial Mortgage Company 09-15632 7/5/2007
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