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Mortgage Fraud Lawsuits First Quarter 2008 Mortgage Litigation Report

Mortgage Daily

Published On: April 21, 2008
Mortgage Fraud Lawsuits
First Quarter 2008 Mortgage Litigation Report
Cases involving mortgage fraud, flipping, identity theft and inflated appraisals.
Defendant
Plaintiff
Court
Amount
Overview
Case Title
East West Mortgage Company Inc. 1st Mariner Bank U.S. District Court of the District of Maryland $15 million Wholesale lender sues mortgage broker over claims the broker fabricated and altered files on nearly $6 million in mortgages. 1:08-cv-00216-BEL 1st Mariner Bank v. East West Mortgage Company, Inc.
Countrywide Financial Corp. d/b/a Countrywide Home Loans Inc.; Countrywide Mortgage Ventures LLC aka Countrywide KB Home Loans Mark Zachary U.S. District Court for the Southern District of Texas AND U.S. Department of Labor na Former regional vice president of a Countrywide Financial Corp. affiliate files lawsuit against the company alleging that he was fired for alerting executives that he wouldn’t approval fraudulent loans. na
SunTrust Alan Archambault Broward County Circuit Court, Fort Lauderdale, Florida Damages that exceed $15,000 but are less than $75,000 A former SunTrust Banks employee alleges in a lawsuit that he was fired in retaliation for alerting superiors to occurrences of mortgage fraud and other illegal activities — a violation of the state’s Whistleblower Act. na

 

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