Resource Center
Mortgages
Buying
Refinance
Selling

Resource Center

  1. Home
  2. Mortgage News
  3. Mortgage Insurance Lawsuits Fourth-Quarter 2009 Mortgage Litigation Index

Mortgage Insurance Lawsuits Fourth-Quarter 2009 Mortgage Litigation Index

Mortgage Daily

Published On: March 8, 2010
Mortgage Insurance Lawsuits
Fourth-Quarter 2009 Mortgage Litigation Index
Lawsuits tied to mortgage insurance.
Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
 Date Filed Link to Story
Countrywide Financial Corporation; Countrywide Home Loans, Inc.; Balboa Reinsurance Company Mary Alston, individually and on behalf of all others similarly situated; Kevin Collier, individually and on behalf of all others similarly situated; Brad Augunus, individually and on behalf of all others similarly situated U.S. Court of Appeals for the Third Circuit na The Third Circuit Court of Appeals overturned a 2008 decision by the Eastern District of Pennsylvania that dismissed a class action alleging the defendants violated RESPA on loans to “hundreds-of-thousands of borrowers.” Plaintiffs claim that they were overcharged for mortgage insurance and that the defendants recieved unlawful kickbacks as a result of the alleged scheme. Alston v. Countrywide Financial Corporation Case No. 08-4334 Dec. 2006 (original petition), Oct. 28, 2009 (appeal) www.mortgagedaily.com/LawsuitCountrywideAppeal102909.asp
Credit Suisse Securities (USA), LLC, DLJ Mortgage Capital, Inc., Select Portfolio Servicing, Inc. MBIA Insurance Corp. New York State Supreme Court, Manhattan $296,000,000 Mortgage insurer suing issuers for alleged misleading statements regarding the risk of the assets to be insured. MBIA Insurance Corp. v. Credit Suisse Securities (USA) LLC, et al. Case No. 603751/2009 na www.mortgagedaily.com/MbsLitigation122909.asp
IndyMac ABS Inc, Mortgage Loan Asset-Backed Trust, Series 2006-H4, Home Equity Mortgage Loan Asset-Backed Trust, Series INDS-2007-1, Home Equity Mortgage Loan Asset-Backed Trust, Series INDS 2007-2, Credit Suisse Securities (USA) LLC, UBS Securities LLC, JPMorgan Chase & Co, Michael Perry, A. Scott Keys, Jill Jacobson, Kevin Callan and John and Jane Does MBIA Insurance Corp. Filed in Los Angeles Superior Court and removed to California Central District Court Western Division-Los Angeles na Plaintiff claims that the defendants abandoned prudent underwriting in favor or more market shares–leading to more than $1 billion in claims to be expected to be paid out in thousands of loans by MBIA. MBIA Insurance Corporation v. IndyMac ABS Inc et al. Case No. 2:2009cv07737 Oct. 23, 2008 www.mortgagedaily.com/Lawsuits102709.asp
Mortgage Guaranty Insurance Corp. Countrywide Home Loans, Inc., BAC Home Loans Superior Court of the State of California, County of San Francisco na Bank of America subsidiaries filed suit against mortgage insurer for denial of claims. Countrywide Home Loans, Inc., et al. v. Mortgage Guaranty Insurance Corp. Case No. CGC-09-495278 Dec. 17, 2009 www.mortgagedaily.com/LawsuitBoaVMgic122309.asp
2nd quarter 2009 mortgage insurance lawsuits

1st quarter 2009 mortgage insurance lawsuits

Popular Posts

Sign Up For Our Newsletter

Learn how to navigate the complicated world of mortgages, and more. Don’t worry, no spam, just tips & tricks!

Related Topics
Mortgage Refinance
Home Appraisal
VA Loans
FHA Loans
Reverse Mortgages
Buying a Home
Home Search
Closing Costs
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Read All Resources about "Enter Title Here"

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Mortgage Process
Mortgage Types
Mortgage Rates
Mortgage Lenders
How to Refinance
Refinance Rates
Refinance Types
Find a Home
Sell Your Home
Presell Preperation

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Get Started

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN