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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
Second Quarter 2009 Mortgage Litigation Report

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

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
n.a. Apply 2 Save Inc. U.S. Bankruptcy Court 7800000 Modification firm files for bankruptcy liquidation. modifications, bankruptcy corporate n.a. n.a. n.a. www.mortgagedaily.com/Modifications061509.asp
n.a. Extended Stay America Inc. U.S. Bankruptcy Court $1,800,000,000 One-quarter of individual investors in a $4.1 billion securitization issued by Extended Stay America Inc. have bypassed the trustee structure to represent themselves in the company's Chapter 11 Bankruptcy reorganization. bankruptcy corporate, investor, mbs n.a. n.a. 1-Jul-1905 www.mortgagedaily.com/Lawsuits062409.asp
n.a. Accredited Home Lenders Holding Co., Accredited Home Lenders Holding Co., Vendor Management Services, LLC d/b/a Inzura Settlement Services, Inzura Insurance Services, Inc., Windsor Management Co. db/a AHL Foreclosure Services Co. (debtors) U.S. Bankruptcy Court for the District of Delaware n/a Voluntary petitions filed for relief under Chapter 11 of the U.S. Bankruptcy Code. Bankruptcy- Corporate In re Accredited Home Lenders Holding Co.; In re Accredited Home Lenders, Inc.; In re Vendor Management Services, LLC d/b/a Inzura Settlement Services; In re Inzura Insurance Services, Inc.; In re Windsor Management Co. db/a AHL Foreclosure Services Co. 09-11516 09-11517 09-11518 09-11519 09-11520 1-May-2009 www.mortgagedaily.com/Closings050109.asp
n.a. Thornburg Mortgage Inc.; ADFITECH Inc.; Thornburg Acquisition Subsidiary Inc.; Thornburg Home Loans Inc.; Thornburg Mortgage Hedging Strategies Inc. (debtors) U.S. Bankruptcy Court for the District of Maryland n/a Thornburg Mortgage Inc. and several of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Debtors in possession were established. Bankruptcy- Corporate In re Thornburg Mortgage Inc; In re ADFITECH Inc.; In re Thornburg Acquisition Subsidiary Inc; In re Thornburg Home Loans Inc.; In re Thornburg Mortgage Hedging Strategies Inc. 09-17787 09-17788 09-17790 09-17791 09-17792 1-May-2009 www.mortgagedaily.com/closures050409.asp
n.a. Extended Stay America Inc. U.S. Bankruptcy Court $1,800,000,000 One-quarter of individual investors in a $4.1 billion securitization issued by Extended Stay America Inc. have bypassed the trustee structure to represent themselves in the company's Chapter 11 Bankruptcy reorganization. bankruptcy corporate, investor, mbs n.a. n.a. 1-Jul-1905 www.mortgagedaily.com/Lawsuits062409.asp
n.a. People's Choice Home Loan Inc. U.S. Bankruptcy Court, Central District of California, Santa Ana Division n/a Debtor's Joint Liquidating Plan of Reorganization filed. Bankruptcy-Corporate In re People's Choice Home Loan Inc. SA-07-10765-RK n/a www.mortgagedaily.com/Closings052609.asp
NovaStar Financial, Inc. et al. Note holders of Taberna Preferred Funding I Ltd., Taberna Preferred Funding II Ltd. and Kodiak CDO I Ltd. U.S. Bankruptcy Court for the District of Delaware $5,700,000 Settlement includes note holders' agreement to dismiss involuntary bankruptcy. Bankruptcy- Corporate In re NovaStar Mortgage, Inc. 08-12125-CSS 12-Sep-2008 www.mortgagedaily.com/Lawsuits042009.asp
U.S. Mortgage Corp. Picatinny Federal Credit Union U.S. Bankruptcy Court for the District of New Jersey $14,000,000 Loans not owned by U.S. Mortgage fraudulently sold to Fannie Mae. secondary, bankruptcy corporate In re: U.S. Mortgage Corp., Debtor. Picatinny Federal credit Union, Plaintiff, v. U.S. Mortgage Corp., and CU National Mortgage, LLC, a division of U.S. Mortgage Corp., Defendants Case No. 09-14301 3-Mar-2009 www.mortgagedaily.com/USMortgagePlea061209.asp
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


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