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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.


Predatory Lending Lawsuits
Fourth Quarter 2008 Mortgage Litigation Report

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Lawsuits and regulatory actions against predatory lenders.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to StoryLink to Story
Washington Mutual Inc. and Does 1-200, inclusive People of the State of California Superior Court of California, County of San Diego na The City of San Diego filed a lawsuit in an attempt to halt foreclosures in a case that accuses the thrift of mortgage fraud and predatory lending. People of the State of California v. Washington Mutual Inc., et al. Case No. 37-2008-00093736-CU-BT-CTL Oct. 10, 2008 www.mortgagedaily.com/LawsuitWamu101308.asp
Option One Mortgage Corp. and H&R Block Mortgage Corp. Massachusetts Attorney General Martha Coakley Suffolk Superior Court na A preliminary injunction against Option One Mortgage Corp. prohibits the company from initiating or advancing foreclosures on any of the 9,700 loans in the state that are considered presumptively unfair. Commonwealth of Massachusetts v. H&R Block Inc. No. 1:08-cv-11225 na www.mortgagedaily.com/ForeclosureMitigation111208.asp
Kederio Ainsworth, Jesus Gutierrez, Guillermo Haro, Gabriel Paredes and Angel Romo Securities and Exchange Commission U.S. District Court for the Central District of California na Five California mortgage brokers for World Group Securities have been charged by the SEC with allegedly placing borrowers in unaffordable subprime loans to finance unsuitable securities -- earning commissions every step of the way. Borrowers were deceived about the terms of the new mortgages. Securities and Exchange Commission, Plaintiff, vs. Kederio Ainsworth, Guillermo Haro, Jesus Gutierrez, Gabriel Paredes and Angel Romo, Defendants. Case no. EDCV 08-1350 Sept. 29, 2008 www.mortgagedaily.com/SecBrokerCharges100608.asp
Countrywide Financial Corp. California, attorneys general in 10 states, including Arizona, Connecticut, Florida, Illinois, Iowa, Michigan, North Carolina, Ohio, Texas and Washington na $8,400,000,000 "BoA settled with several states to resolve outstanding claims that Countrywide disregarded borrowers' ability to repay loans and instead focused only on production and profits. na na na www.mortgagedaily.com/SettlementCountrywide100608.asp

Predatory Lending News
FTC and HUD settlements. Class action lawsuits. Predatory lending prevention. Archives back to 2001.





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