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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.

subscribe for instant access to full Q4 2011 report plus all prior data


Mortgage Litigation Index Sets New Record

DALLAS -- (April 9, 2012) /PRNewswire/ Foreclosure cases dominated quarterly mortgage litigation activity and show no sign of relenting -- helping to push the Mortgage Litigation Index to an all-time high. Among categories to show the worst deterioration were criminal, servicing and mortgage fraud. But investor actions slowed.

A total of 244 cases were tracked in Mortgage Daily's fourth-quarter 2011 Mortgage Litigation Index
-- the highest number since the index's 2007 launch. The report provides an anecdotal account of activity on mortgage-related legal actions deemed important to mortgage firms by Mortgage Daily's editorial staff.

Case count jumped from 218 in the third quarter and 151 in the fourth-quarter 2010.

Accompanying the latest index is a white paper prepared by Christopher Willis, a partner at Ballard Spahr LLP.

An upcoming free webinar about the report is expected to be announced shortly.

"Unfortunately, the phenomena that led to the surge in litigation in the fourth quarter of 2011 have only intensified in 2012, suggesting that we are unlikely to see a significant decline in litigation in the near term," Willis said in the analysis.

Helping to lift activity were criminal cases, which climbed to 57 from the third quarter's 34.

Activity on litigation related to mortgage servicing grew to 70 cases from 51.

Mortgage fraud cases, those typically involving insiders at mortgage firms or a foreclosure-rescue scheme, increased to 23 from just five during the previous quarter.

Meanwhile, cases related to fees leapt to 17 from the prior period's two.

Another category with a big increase was "title," which expanded to 46 cases from 31.

The following table compares the top fourth-quarter categories with the third quarter.

Category Q1 2011 Q3 2011
Total 244 218
Foreclosures 99 90
Servicing 70 51
Investor 62 82
Criminal 57 34
Title 46 31

Foreclosure litigation was the biggest category in the latest report with activity tracked on 99 cases.

"Many of the categories showing a high number of cases in the final quarter of 2011 are ones exempted from the national multi-state mortgage servicing settlement," Willis stated.

Full 32-page report available at:

White paper available at:

Media request complimentary report from

Mortgage Litigation news:

Founded in 1998, is a dominant online source of mortgage news, statistics and analysis for the mortgage industry.

Holly Himelright


Fourth-Quarter 2011 Mortgage Litigation Index 244

subscribe for instant access to full Q4 2011 report plus all prior data

Mortgage Backed Securities | MBS News | MBS Statistics
News about commercial and residential mortgage-backed securities. Stories about ratings actions and changes to servicer ratings. Studies and reports about the performance of securitizations and problem vintages and classes. Subprime, Alt-A, home equity and j u m b o analysis.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

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.

Public Relations News | PR Agencies | Mortgage Daily Press Releases
Announcements about mortgage industry public relations firms. Stories about building your brand and increasing your exposure.

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Repurchase News
Coverage of repurchase demands, expense and and litigation.

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