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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.
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Litigation based on credit reporting and other credit issues.
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Defendant
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Plaintiff
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Court
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Amount
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Overview
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Case Title |
Case Number
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Date Filed |
Link to StoryLink to Story |
| Advantage Credit Repair, LLC, Mark D. Solomon |
Federal Trade Commission |
U.S. District Court for the Northern District of Illinois |
$226,794 |
Credit "repair" firms charged up-front fees in exchange for services that were not performed. |
Federal Trade Commission v. Advantage Credit Repair LLC et al. |
1:08-CV-05994 |
Oct. 20, 2008 |
www.mortgagedaily.com/litigationcredit040910.asp |
| Credit Restoration Brokers LLC, Debt Negotiation Associates LLC, Sam Tarad Sky, Kurt A. Streyffeler, P.A., Kurt A. Streyffeler |
Federal Trade Commission |
U.S. District Court for the Middle District of Florida |
$2,600,000 |
Credit "repair" firms charged consumers up front fees in return for "removal" of derogatory entries on the consumers' credit report, cancellation period was not provided. |
Federal Trade Commission v. Credit Restoration Brokers, LLC et al. |
No. 2:10-cv-00030-CEH-SPC |
Jan. 20, 2010 |
www.mortgagedaily.com/litigationcredit040910.asp |
| Ronald Harris, Jr.; Sterling Bruce; Sabir Muhammad |
United States of America |
United States District Court for the District of New Jersey |
n/a |
The defendants allegedly promised borrowers facing foreclosure that they would prevent the foreclosures and repair damaged credit. Through foreclosure rescue firms Harris Capital and Skyline Capital Group, both owned by Harris, the defendants allegedly convinced borrowers to transfer title to straw buyers for six to twelve months at which time they would transfer title back. Instead, they extracted all the equity from the properties using fraudulent loan files. |
U.S. v. Harris |
10-4090 (CCC) |
6/21/10 |
www.mortgagedaily.com/LitigationForeclosure062910.asp |
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Repurchase News
Coverage of repurchase demands, expense and and litigation.
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