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  3. Mortgage Merger Lawsuits - Third-Quarter 2011 Mortgage Litigation Index Third-Quarter 2011 Mortgage Litigation Index

Mortgage Merger Lawsuits – Third-Quarter 2011 Mortgage Litigation Index Third-Quarter 2011 Mortgage Litigation Index

Mortgage Daily

Published On: January 9, 2012
Mortgage Merger Lawsuits
Third-Quarter 2011 Mortgage Litigation Index
Lawsuits relating to mergers and acquisitions.
Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
 Date Filed Link to Story
Ocwen Financial Corp.; Goldman Sachs Bank USA; Litton Loan Servicing, LP New York Department of Financial Services and Banking Department New York Department of Financial Services and Banking Department na The Superintendant of Financial Services announced that the Department of Financial Services and Banking Department has entered into an agreement with Ocwen, Goldman Sachs, and Litton Loan Servicing, requiring Goldman Sachs to write down principal on NY mortgages as a condition of selling its mortgage servicing subsidiary. Goldman acquired Litton in 2007 now seeks to sell Litton to Ocwen in a $264 million all-cash transaction. As part of the transactions, all three firms will adhere to “new mortgage servicing practices.” Agreement on Mortgage Servicing Practices na 9/1/2011 www.mortgagedaily.com/SettlementNY090111.asp
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