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Mortgage Fee Lawsuits Third-Quarter 2011 Mortgage Litigation Index

Mortgage Daily

Published On: January 9, 2012
Mortgage Fee Lawsuits
Third-Quarter 2011 Mortgage Litigation Index
Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums.
Defendant
Plaintiff
Court
Amount
Overview
 Case Title
Case Number
 Date Filed Link to Story
John Robert Miller United States of America U.S. District Court, Middle District of Florida, Tampa Division $1,100,000 Miller pled guilty to paying former Coast Bank of Florida executive Phil Coon $1.1 million in a scheme where the pair illegally skimmed fees from loans closed through the bank. Coon was sentenced to 18 months for participation in a scheme to illegally skim fees from loans closed through Coast Bank of Florida. Judge Elizabeth Kovachevich sentenced Miller to 18 months. United States of America v. Miller 8:08-cr-0030-T30 TBM n/a oldwww.mortgagedaily.com/litigationcriminal072511.asp, oldwww.mortgagedaily.com/MctAmericanMortgageLink071611.asp, oldwww.mortgagedaily.com/MctSentencePhilCoon070711.asp
Philip Coon United States of America U.S. District Court for the Middle District of Florida $1,500,000 A federal judge sentenced the former Coast Bank executive to 18 months in federal prison for his scheme to skim almost $1.5 million from borrowers’ construction loans. United States v. Coon 8:08-cr-00441-EAK-MAP 7/6/2011 oldwww.mortgagedaily.com/litigationcriminal072511.asp, oldwww.mortgagedaily.com/MctAmericanMortgageLink071611.asp, oldwww.mortgagedaily.com/MctSentencePhilCoon070711.asp

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