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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 Fraud Lawsuits
Fourth Quarter 2008 Mortgage Litigation Report

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Cases involving mortgage fraud, flipping, identity theft and inflated appraisals.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
RBC Mortgage Co. Department of Justice na $10,700,000 "The Royal Bank of Canada's U.S. mortgage unit has agreed to pay more than $10 million to settle charges of mortgage fraud on loans insured by the Federal Housing Administration. The scheme involved fraudulent statements regarding the borrowers' credit, employment or source of equity. RBC also agreed to a separate $0.3 million settlement over false claims that a HUD audit was certified as current. na na na www.mortgagedaily.com/FraudSettlementRbc112608.asp
Thomas Kontogiannis, Georgia Kontogiannis, Lisa DiPinto a/k/a Lisa Kontogiannis aka Lisa Pallatos, Annette Apergis a/k/a Annette Johnson, Chloe Kontogiannis, Adam DiPinto, Elias Apergis, John T. Michael, Michael A. Gallan, ESQ., Ted Doumazios, ESQ., Thomas F. Cusack, III, ESQ., Stephen P. Brown, ESQ., Steven A. Martini, Carmine Cuomo, Coastal Capital Corporation d/b/a Clearlight Mortgage, Edgewater Development Inc., Group kappa Corp., Loring Estates LLC, Parkview Financial Inc., d/b/a Parview Financial Inc., Clear View Abstract LLC, Triumph Abstract LLC, Bond & Walsh Construction Company, Interamerican Mortgage Corp., Corinne Michael, Block 13434 Development LLC, Conat Realty LLC, Plaza Real Estate Holding Inc. and Doe's 1 through 100, inclusive DLJ Mortgage Capital Inc. U.S. District Court for the Eastern District of New York $50,000,000 DLJ Mortgage Capital Inc. claims it was defrauded on $50 million in loans. Kontogiannis and his crew allegedly sold more than 95 mortgages for more than $50 million that were secured by fake real estate transactions to DLJ and other federally insured financial institutions over several years. The loans were included in pools of loans that included 1,800 legitimate loans for around $250 million. DLJ Mortgage Capital Inc., Plaintiff, against Thomas Kontogiannis, Georgia Kontogiannis, Lisa DiPinto a/k/a Lisa Kontogiannis aka Lisa Pallatos, Annette Apergis a/k/a Annette Johnson, Chloe Kontogiannis, Adam DiPinto, Elias Apergis, John T. Michael, Michael A. Gallan, ESQ., Ted Doumazios, ESQ., Thomas F. Cusack, III, ESQ., Stephen P. Brown, ESQ., Steven A. Martini, Carmine Cuomo, Coastal Capital Corporation d/b/a Clearlight Mortgage, Edgewater Development Inc., Group kappa Corp., Loring Estates LLC, Parkview Financial Inc., d/b/a Parview Financial Inc., Clear View Abstract LLC, Triumph Abstract LLC, Bond & Walsh Construction Company, Interamerican Mortgage Corp., Corinne Michael, Block 13434 Development LLC, Conat Realty LLC, Plaza Real Estate Holding Inc. and Doe's 1 through 100, inclusive, Defendants Case. No. CV-08-4607 Nov. 13, 2008 www.mortgagedaily.com/LawsuitDljVsKontogiannis112108.asp
Encore Lending LLC (and one of its owners, Paul Baker) Colorado Attorney General John Suthers na na The mortgage broker settled allegations of deceptive advertising and mortgage fraud. na na na www.mortgagedaily.com/ColoradoAdvertising111808.asp
Washington Mutual Inc. and Does 1-200, inclusive People of the State of California Superior Court of California, County of San Diego na The City of San Diego filed a lawsuit in an attempt to halt foreclosures in a case that accuses the thrift of mortgage fraud and predatory lending. People of the State of California v. Washington Mutual Inc., et al. Case No. 37-2008-00093736-CU-BT-CTL Oct. 10, 2008 www.mortgagedaily.com/LawsuitWamu101308.asp
Donald W. Linville Federal Reserve Board A consent order of prohibition issued against a former senior vice president at Compass Bank in Birmingham, Ala., by the Federal Reserve Board was based on alleged alterations of appraisals, loan applications and guaranty records -- which led to substantial bank losses na na na www.mortgagedaily.com/Mergers100208.asp

Mortgage Fraud News | Fraud Statistics | Fraud Index | Fraud Blog
Mortgage broker, originator and banker criminal cases. Real estate flipping and appraisal fraud. Mortgage fraud prevention, studies and analysis.




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