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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
Second Quarter 2009 Mortgage Litigation Report

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Case Title
Case Number
Date Filed Link to Story
Chesapeake Mortgage Funding LLC, Empire Equity Group Inc., and Tamara Zambito Iris O. Chambers Pennsylvania Middle District Court n/a Borrower alleged predatory lending and violations of ECOA and Pennsylvania Unfair Trade Practices and Consumer Protection Law. Iris O. Chambers v. Chesapeake Mortgage Funding LLC, et al [Chesapeake Mortgage LLC, Empire Equity Group Inc., d/b/a 1st Metropolitan Mortgage, and Tamara Zambito] 1:2009cv00461 12-Mar-2009
Duetsche Bank Trust Americas, Homecomings Financial Network, 1st Metropolitan Mortgage Debra Fuentes California Southern District Court n/a Violations of TILA and California civil code because ARM had unlawful teaser rate. Defendants allegedly prevented borrower from obtaining a loan workout. Debra aka Debbie Fuentes v. Deutsche Bank Trust Americas, et al [Homecomings Financial Network, First Metropolitan Mortgage, All Those Claiming Interest in Real Property located as 4169 Florida Street, San Diego, California, and Does 1-20 inclusive] 3:2009cv00502 13-Mar-2009
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
Golden Empire Mortgage Inc. and Howard D. Koostra Federal Trade Commission U.S. District Court for the Central District of California n/a Permanent injunction sought to prevent future ECOA, Regulation B, and FTC Act violations in case alleging Hispanic borrowers were charged significant overages that could not be accounted for by underwriting or credit risks. "Federal Trade Commission, Plaintiff, v. Golden Empire Mortgage Inc., a corporation, and Howard D. Kootstra, individually and as a corporate officer, Defendants. No. CV09-03227, FTC File No. 0623061 1-May-2009
Safe Harbour Foundation of Florida Inc., Silverstone Lending LLC, Silverstone Financial LLC, Keystone Financial LLC, Southeast Advertising Inc., MT25 LLC, Peter J. Porcelli II, Bonnie A. Harris, Christopher Tomasulo Federal Trade Commission n.a. $5,600,000 HOEPA, TILA and FTC Act violations are alleged over saddling 2nd mortgage borrowers with exotic loans. Federal Trade Commission, Plaintiff, v. Safe Harbour Foundation of Florida, Inc., a Florida corporation; Silverstone Lending, LLC, a Florida limited liability company; Silverstone Financial LLC, a Florida limited liability company; Keystone Financial, LLC, a Nevada limited liability company; Southeast Advertising, Inc., a Florida corporation; MT25 LLC, a Nevada limited liability company; Peter J. Porcelli, II, individually and as officer, partner, or member of Silverstone Lending, LLC, Silverstone Financial LLC, and Safe Harbour Foundation of Florida, Inc.; Bonnie A. Harris, individually, and as a manager of Safe Harbour Foundation of Florida, Inc.; and Christopher Tomasulo, individually and as a manager of Safe Harbour Foundation of Florida, Inc., Defendants Case No. 08 C 1185, FTC File No. 082 3028 27-Feb-2008
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