twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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
Second Quarter 2009 Mortgage Litigation Report

main report page

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

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
AIG United Guaranty Corp., Bank of America, CitiMortgage Inc., Countrywide Home Loans Inc., Fannie Mae, Freddie Mac, GE Money Bank, GMAC Mortgage, HSBC Mortgage Corp., JPMorgan Chase & Co., Merrill Lynch, the Mortgage Electronic Registration System, National City Bank, PNC Financial Services Group Inc. and Wells Fargo Bank n.a. multiple n.a. Cases filed in AZ, FL and NV seek class action certification over alleged fraud against non-english speaking Hispanics. n.a. n.a. n.a. www.mortgagedaily.com/Lawsuits051209.asp
Ameriquest Mortgage Co. and AMC Mortgage Services Inc. Rosemary A. Gilroy U.S. District Court for the District of New Hampshire $937,000 Suit alleges that defendants engaged in predatory lending activities. Rosemary A. Gilroy v. Ameriquest Mortgage Company and AMC Mortgage Services, Inc. No. 1:07-CV-00074-JD 15-Mar-2007 www.mortgagedaily.com/LawsuitAmeriquest061909.asp
Beazer Homes USA Inc. North Carolina Office of the Commissioner of Banks n.a. $2,500,000 Settlement in case alleging down payment assistance fraud on FHA loans closed by Beazer Mortgage Corp. n.a. n.a. n.a. www.mortgagedaily.com/BeazerSettlement051909.asp
Capmark Finance Inc. U.S. Department of Justice n.a. $26,000,000 Plaintiff allegedly lied on mortgage insurance application for loan on residential nursing homes. DOJ seeks treble damages and penalties pursuant to False Claims Act. n.a. n.a. 9-Jun-2009 www.mortgagedaily.com/Lawsuits061109.asp
Chase Manhattan Mortgage Corp., Gene P. Percudani, Chapel Creek Homes, Raintree Homes and Chapel Creek Mortgage Banker EDDIE LESTER U.S. District Court for the Middle District of Pennsylvania n.a. Settlement stalled and plaintiffs seeking to reopen case. PABLO ACRE, et al., Plaintiffs v. CHASE MANHATTAN MORTGAGE CORP., et al., Defendants. CIVIL ACTION NO. 1:04-CV-0832 16-Apr-2004 www.mortgagedaily.com/Lawsuits051209.asp
Deutsche Bank, US Bancorp, Saxon Mortgage Brokerage, North American Specialty Insurance Co., Orlinda Martinez, Angelica Duran and Mountain View Mortgage New Mexico Office of Attorney General on behalf of the Financial Institutions Division of the New Mexico Regulation and Licensing Department n.a. n.a. 78-year-old borrower claims her signature was forged, and state seeks to halt foreclosure. n.a. n.a. May 2009 www.mortgagedaily.com/Lawsuits061109.asp
Interim Funding LLC, Richard E . Jungen, Elaine E. Jungen, Jerome J. Poehnelt, Kevin J. Dwyer, and Charles L. Miller CSMC Inc. Milwaukee County Court, Wisconsin n/a Racketeering lawsuit dismissed against Central States Mortgage Co. founder. CSMC Inc. v. Interim Funding LLC et al. 2009CV001723 2-Feb-2009 www.mortgagedaily.com/Lawsuits042009.asp
Madison Home Equities, Inc. and Nadine Malone United States U.S. District Court for the Eastern District of New York $4,000,000 Consent decree and judgment permanently enjoins defendants from making FHA insured loans and utilizing any other government mortgage program. United States v. Madison Home Equities, Inc. et al. 1:2008cv04295 22-Oct-2008 www.mortgagedaily.com/MadisonFha042909.asp
Taylor, Bean Whitaker Mortgage Corp. States of Pennsylvania, Arizona, Florida, Georgia, Idaho, Illinois, Louisiana, Maryland, Massachusetts, Mississippi, New Jersey, North Carolina, Vermont and Washington, D.C. n.a. $9,000,000 Settlement tied to mortgage fraud. n.a. n.a. n.a. www.mortgagedaily.com/TaylorBeanSettlement062209.asp
Valerie Hanserd, Primary Mortgage and Leo Desi Commonwealth of Massachusetts Suffolk Superior Court $115,000 Consent judgment in case alleging participation in an illegal foreclosure rescue scheme. n.a. n.a. n.a. www.mortgagedaily.com/Lawsuits061109.asp
Zia Trust Co, Discount Mortgage Co., Hartford Ins Co., Wendy and Mike Montoya and Robert L.Garretson New Mexico Office of Attorney General on behalf of the Financial Institutions Division of the New Mexico Regulation and Licensing Department n.a. $42,000 Fraud alleged. n.a. n.a. n.a. www.mortgagedaily.com/Lawsuits061109.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.




SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders