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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.


Mortgage Compliance Lawsuits
Fourth-Quarter 2011 Mortgage Litigation Index

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Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Date of Activity Link to Story
Wells Fargo Gilbert Ventura Sr., Tracy D. Ventura, Juan Rodriguez, Howard Queensborough, Ruby Brown and Judy A. Williams U.S. District Court for the Northern District of California na Judge denied motion against defendant for class certification. "Plaintiffs allege the loan officers and mortgage brokers were given the discretion to add, with respect to any given mortgage loan, 'unchecked, subjective surcharge[s]' of 'interest rate markups' and/or 'points and fees' to the 'otherwise objective risk-based financing rate,'" the order stated. "Plaintiffs fail, however, to offer any evidence to show a 'common mode of exercising [such] discretion.'" In re Wells Fargo Residential Mortgage Lending Discrimination Litigation 3:08-md-01930-MMC 4/10/2010 9/6/2011 www.mortgagedaily.com/LitigationDiscrimination112711.asp
1st 2nd Mortgage Company of New Jersey Inc. CHIRSTIAN Lelina, BERNADETTE LELINA, YIXIN Li, QI XIAN LI, NAOMI Fabiosa, NAZARIO FABIOSA, FEDERICO Manalo, LANI MANALO U.S. District Court for the District of New Jersey na Plaintiff alleges that loans were made to borrowers at higher rates and worse terms than originally promised. The company is accused of violating the Truth in Lending Act and Regulation Z, the Real Estate Settlement Procedures Act, the Home Ownership and Equity Protection Act and the Fair Credit Reporting Act, among other laws. CHIRSTIAN and BERNADETTE LELINA, YIXIN and QI XIAN LI, and NAOMI and NAZARIO FABIOSA, FEDERICO and LANI MANALO, Plaintiffs, vs 1ST 2ND MORTGAGE COMPANY OF NJ, INC., JOHN DOE 1-10 2:11-cv-05517-DMC -JAD 9/22/2011 na www.mortgagedaily.com/LitigationDiscrimination112711.asp
Allied Home Mortgage Corp., Allied Home Mortgage Capital Corp., Jim C. Hodge, and Jeanne L. Stell United States of America U.S. District Court for the Southern District of New York $1,197,000,000 Complaint filed based on HUD allegations tied to FHA lending. The lawsuit seeks damages and civil penalties under the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. United States of America, Plaintiff-Intervenor, -against- Allied Home Mortgage Corp., Allied Home Mortgage Capital Corp., Jim C. Hodge, and Jeanne L. Stell; United States of America ex rel. Peter Belli, Plaintiff, -against- Allied Home Mortgage Capital Corporation, Defendant. 11 Civ. 05443 (VM) 11/1/2011 na www.mortgagedaily.com/LawsuitAlliedVsHud111511.asp, www.mortgagedaily.com/LawsuitAlliedHud110111.asp; www.mortgagedaily.com/LawsuitAlliedVsHud110711.asp
Shaun Donovan, Secretary, United States Department of Housing and Urban Development, and The United States Department of Housing and Urban Development Allied Home Mortgage Corp., Allied Home Mortgage Capital Corp., Jim C. Hodge, and Jeanne L. Stell U.S. District Court for the Southern District of Texas na Motion for a preliminary injunction preventing FHA suspension granted. Plaintiff successfully argued that the mortgagee that caused FHA losses was separate from the current operating entity and that its suspension would have consequences that can't be reversed. Allied Home Mortgage Corp. and James C. Hodge, Plaintiffs, v. Shaun Donovan, Secretary, United States Department of Housing and Urban Development, and The United States Department of Housing and Urban Development, Defendants 4:11-cv-03864 11/2/2011 11/15/2011 www.mortgagedaily.com/LawsuitAlliedVsHud111511.asp, www.mortgagedaily.com/LawsuitAlliedVsHud110711.asp; www.mortgagedaily.com/LawsuitAlliedVsHud110811.asp
LendingTree na na $3,000,000 Settlement reached. na na na Dec. 2011 www.mortgagedaily.com/MctSettlementLendingTree010512.asp
Countrywide Financial Corp. na U.S. District Court for the Eastern District of Pennsylvania $34,000,000 Defendant won preliminary approval for settlement. Defendant allegedly limited its borrowers to a group of pre-selected mortgage insurance providers who then reinsured the policies with Countrywide affiliate Balboa Reinsurance Co. Alston v. Countrywide Financial Corp. 07CV03508 na na www.mortgagedaily.com/LitigationMI122911.asp
JPMorgan Chase & Co., United Guaranty Residential Insurance Co., PMI Mortgage Insurance Co., Mortgage Guaranty Insurance Corp., Genworth Mortgage Insurance Corp., Republic Mortgage Insurance Co., Radian Guaranty Inc. and Triad Guaranty Insurance Corp. Attorney Daniel Germain on behalf of JPMorgan customers na na Plaintiff alleges Chase earned millions of dollars in illegal premium splits on mortgage insurance through its affiliate Cross Country na na na na www.mortgagedaily.com/LitigationMI122911.asp
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News about complying with mortgage laws, rules and regulations.


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