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 |