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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
First-Quarter 2010 Mortgage Litigation Index

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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
American Home Mortgage Holdings, Inc. et al na U.S. Bankruptcy Court for the District of Delaware $100k AHM was held liable for aiding and abetting mortgage fraud perpetrated by an unlicensed real estate broker. In Re. American Home Mortgage Holdings, Inc. et al No. 07-11047 na www.mortgagedaily.com/LitigationCompliance032910.asp
Edward D. McCusker, Jeffrey A. Bennett, Stephen G. Doherty, John Alford Bariana, Jacqueline McCusker United States U.S. District Court for the Eastern District of Pennsylvania na Defendants are accused of operating a scheme from 2004-2007 using mortgage fraud to extract the remaining equity in homes where borrowers were delinquent or financially distressed. United States v. McCusker et al. na December 8, 2009 www.mortgagedaily.com/ForeclosureFirmLitigation021510.asp
Greenpoint Mortgage Funding, Inc. Melody L. Cochran California Court of Appeals, Second Appellate District, Division Five na Plaintiff sued to quiet title and for fraud based on fraudulent transfer of spouse's separate property by husband. Appellate court reversed a summary judgment grant in favor of Greenpoint, who had recorded two Deeds of Trust on the Property Cochran v. Greenpoint Mortgage Funding, Inc. No. B214890 March 9, 2010 www.mortgagedaily.com/LitigationForeclosures033110.as
Ideal Mortgage Bankers, LTD, Michael Howard Ashley United States of America U.S. District Court for the Eastern District of New York na Defendant was permanently enjoined from originating loans to be submitted for HUD/FHA insurance and from working for HUD approved lender. United States v. Ideal Mortgage Bankers et al 2:2009CV04484 October 20, 2009 www.mortgagedaily.com/LitigationCompliance032910.asp
Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ and Vision Builders Christian Center United States Delaware na Defendants were charged in a 21 count indictment for mortgage fraud. Defendants allegedly promised borrowers who were on the verge of foreclosure that they could avoid foreclosure through a complex sale-leaseback scheme where they transferred title then took it back after their financial standing improved. na na February 2, 2010 (Indictment announced) www.mortgagedaily.com/ForeclosureFirmLitigation021510.asp
Jason Vitulano, Peter Hartofilis, Joseph Miller, Robert Hofler, and Steve Vento United States of America U.S. District Court for the Southern District of Florida $5,739,326 Revised indictment in TopDot case adds defendants who are accused of submitting fraudulent loan applications for $3 million in loans. United States v. Vitulano et al. Case No. 9:09-cr-80156-DMM na www.mortgagedaily.com/IndictmentTopDot031810.asp
Kristine L. Brown na na na Defendant is accused of stealing $29,000 from her former employer, Mortgage Network Solutions, by re-directing appraisal fee checks to accounts she controlled. na na November 1, 2009 www.mortgagedaily.com/LitigationCrimes020910.asp
Pulte Homes, Inc., Pulte Home Corp., Pulte Mortgage LLC Soladin Kaing et al U.S. District Court for the Northern District of California na A motion to dismiss was granted in favor of defendants alleged to have forced subprime loans on unqualified borrowers, which led to increased foreclosures and, in turn, devalued the properties in surrounding neighborhoods. Skaing (sic) v. Pult Homes, Inc. No. 09-5057 February 18, 2010 www.mortgagedaily.com/LitigationCompliance032910.asp
Roberta L. Stutzman United States of America U.S. District Court for the Eastern District of Pennsylvania na Defendant bank employee allegedly stole in excess of $4 million dollars from employer by establishing lines of credit under false names. United States v. Stutzman na na www.mortgagedaily.com/ForeclosureLitigation021510.asp, www.mortgagedaily.com/LitigationCriminal032910.asp
Wells Fargo Bank, NA, as trustee for Bear Sterns Asset Backed Securities I LLC, Greenpoint Mortgage Funding Trust 2006-ARI, Mortgage Pass Through Certificates, Series 2006-ARI John Cirigliano Circuit Court of the Eleventh Judicial District, Miami Dade County, Florida na Plaintiff's motion for summary judgment denied based on issues of material fact as to standing. Wells Fargo, NA v. Cirigliano No. 08-28846-CA10 March 25, 2010 www.mortgagedaily.com/LitigationForeclosures033110.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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