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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
Second Quarter 2009 Mortgage Litigation Report

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

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.
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
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.
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
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
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
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
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
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.
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.
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.

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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