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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 2010 Mortgage Litigation Index

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Big cases involving mortgage fraud, flipping, identity theft and inflated appraisals where a lender employee is involved..

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
Emiel Kandi Jefferson Marsh Superior Court of Washington-Pierce County $211,538 Court ruled in favor of Marsh in suit against Kandi for unfair and deceptive trade practices. Marsh v. Kandi 09-2-11247-4 10/20/2010 www.mortgagedaily.com/mcthardmoney111410.asp
Fairway Independent Mortgage Corporation Lehman Brothers Holdings Inc. U.S. District Court-Western District of Wisconsin n/a Fairway made material misrepresentations regarding loans Lehman bought from Fairway. Lehman Brothers Holdings Inc. v. Fairway Independent Mortgage Corporation 3:2010cv00727 11/19/2010 www.mortgagedaily.com/mctlawsuitlehmanfairway112110.asp
Jeffrey Gonsiewski United States of America U.S. District Court $5,100,000 63-month sentence for banker who illegally changed loan terms. United States v. Gonsiewski n/a n/a www.mortgagedaily.com/MctModificationSentence120810.asp
John A. Salzone Sr. State of New York Banking Department n/a n/a 1- to 3-year prison sentence for mortgage fraud through his company Catskill Mortgage. United States v. Salzone n/a n/a www.mortgagedaily.com/LitigationCriminal120710.asp
William Liddle, Rhonda Liddle, and Frank Ruiz U.S. Attorney's Office U.S. District Court for the District of Arizona $100,000,000 Defendants were indicted for taking $1m in kickbacks in return for approving suspicious business loans. United States v. Liddle n/a n/a www.mortgagedaily.com/LitigationCriminal120710.asp
WR Starkey Mortgage LLP North Carolina AG n/a $4,500,000 Defendant settled with HUD after having numerous loan origination and underwriting deficiencies. na n/a 8/1/2010 www.mortgagedaily.com/HUDSettlements122710.asp
Wurttembergische Versigh Universal Mortgage Corp. n/a n/a Complaint filed alleging defendant reneged on a mortgage bankers blanket bond. Universal Mortg. Corp. v. Wurttembergische Versigh LEXIS 77975 7/30/2010 www.mortgagedaily.com/LitigatonRepurchase122710.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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