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Defendant
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Plaintiff
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Court
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Amount
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Overview
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Case Title
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Case Number
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Date Filed |
Date of Activity |
Link to Story |
| FEDERAL HOUSING FINANCE AGENCY; EDWARD DEMARCO, in his capacity as Acting Director of Federal Housing Finance Agency, Defendants-Appellants, and FEDERAL HOME LOAN MORTGAGE CORPORATION; FEDERAL NATIONAL MORTGAGE ASSOCIATION, Defendants |
COUNTY OF SONOMA; PEOPLE OF THE STATE OF CALIFORNIA, ex rel. KAMALA D. HARRIS, Attorney General; SIERRA CLUB; CITY OF PALM DESERT, Plaintiffs-Appellees, COUNTY OF PLACER, Intervenor-Plaintiff-Appellee |
U.S. COURT OF APPEALS FOR THE NINTH CIRCUIT, U.S. District Court for the Northern District of California |
na |
Lower court ruling against FHFA appealed. |
COUNTY OF SONOMA; PEOPLE OF THE STATE OF CALIFORNIA, ex rel. KAMALA D. HARRIS, Attorney General; SIERRA CLUB; CITY OF PALM DESERT, Plaintiffs-Appellees, COUNTY OF PLACER, Intervenor-Plaintiff-Appellee, v. FEDERAL HOUSING FINANCE AGENCY; EDWARD DEMARCO, in his capacity as Acting Director of Federal Housing Finance Agency, Defendants-Appellants, and FEDERAL HOME LOAN MORTGAGE CORPORATION; FEDERAL NATIONAL MORTGAGE ASSOCIATION, Defendants |
12-16986, D.C. Nos. 4:10-cv-03270-CW, 4:10-cv-03084-CW, 4:10-cv-03317-CW, 4:10-cv-04482-CW |
na |
12/22/2012 |
www.mortgagedaily.com/LawsuitFhfa031913.asp |
| National Credit Union Administration Board, in its capacity as conservator of Keys Federal Credit Union, Defendant-Appellee |
Power Financial Credit Union, Plaintiff-Appellant |
United States Court of Appeals, Eleventh Circuit |
na |
Trial court’s decision to grant summary judgment in favor of defenndant affirmed. |
Power Financial Credit Union v. National Credit Union Administration Board |
11-14665 |
na |
11/6/2012 |
www.mortgagedaily.com/SecondaryMarketingLawsuits4q2012.asp |
| FEDERAL DEPOSIT INSURANCE CORPORATION, in its capacity as the Receiver for COLONIAL BANK, and in its capacity as the Receiver for PLATINUM COMMUNITY BANK, Defendant and Counterclaim Plaintiff. |
BANK OF AMERICA, N. A., As Indenture Trustee, Custodian, and Collateral Agent for OCALA FUNDING, LLC, Plaintiff and Counterclaim Defendant |
United States District Court for the District of Columbia |
$1,700,000,000 |
Both parties moved to dismiss. Court granted and denied both motions in part. |
BANK OF AMERICA, N. A., As Indenture Trustee, Custodian, and Collateral Agent for OCALA FUNDING, LLC, Plaintiff and Counterclaim Defendant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, in its capacity as the Receiver for COLONIAL BANK, and in its capacity as the Receiver for PLATINUM COMMUNITY BANK, Defendant and Counterclaim Plaintiff. |
10-CV-1681 (BJR) |
na |
12/10/2012 |
www.mortgagedaily.com/BankruptcyCorporateLawsuits4q2012.asp |
| Gilbert G. Lundstrom, James A. Laphen and Trevor A. Lundstrom |
Securities and Exchange Commission |
U.S. District Court for the District of Nebraska |
na |
Charges filed. |
Securities and Exchange Commission v. Gilbert G. Lundstrom, James A. Laphen and Trevor A. Lundstrom |
12-cv-00343 |
na |
November |
www.mortgagedaily.com/LitigationInvestor112012.asp |
| Gregory William Bell |
United States of America |
U.S. District Court for the District of Colorado |
$20,808,025 |
Defendant charged and arrested. |
na |
na |
Dec. 2012 |
Dec. 2012 |
www.mortgagedaily.com/CriminalActions4q2012.asp |
| Matthew L. Morris, Wilbur Anthony Huff |
United States of America |
U.S. District Court for the Southern District of New York |
$2,300,000 |
Former executives of Park Avenue Bank indicted. |
na |
na |
October |
October |
www.mortgagedaily.com/LitigationCriminalInvestors112012.asp |
| Bank of America |
United States of America |
na |
na |
Complaint filed in case invovling Fannie Mae and Freddie Mac loans. |
na |
na |
na |
October |
www.mortgagedaily.com/MctSettlementsSec111812.asp |
| Credit Suisse |
Securities and Exchange Commission |
na |
$120,000,000 |
Settlement reached. |
In the Matter of Credit Suisse Securities (USA) LLC; DLJ Mortgage Capital, Inc.; Credit Suisse First Boston Mortgage Acceptance Corp.; Credit Suisse First Boston Mortgage Securities Corp.; and Asset Backed Securities Corporation Respondents |
Administrative Proceeding File No. 3-15098 |
11/16/2012 |
11/16/2012 |
www.mortgagedaily.com/MctSettlementsSec111812.asp, www.mortgagedaily.com/LitigationMbsRegulatory011313.asp |
| J.P. MORGAN SECURITIES LLC, EMC MORTGAGE, LLC, BEAR STEARNS ASSET BACKED SECURITIES I, LLC, STRUCTURED ASSET MORTGAGE INVESTMENTS II, INC., SACO I, INC., AND J.P. MORGAN ACCEPTANCE CORPORATION I |
Securities and Exchange Commission |
U.S. District Court for the District of Columbia |
$296,900,000 |
Settlement reached. |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. J.P. MORGAN SECURITIES LLC, EMC MORTGAGE, LLC, BEAR STEARNS ASSET BACKED SECURITIES I, LLC, STRUCTURED ASSET MORTGAGE INVESTMENTS II, INC., SACO I, INC., AND J.P. MORGAN ACCEPTANCE CORPORATION I, Defendants |
na |
na |
11/16/2012 |
www.mortgagedaily.com/LitigationMbsRegulatory011313.asp, www.mortgagedaily.com/MctSettlementsSec111812.asp |
| Anthony J. Nocella, J. Russell McCann |
Securities and Exchange Commission |
U.S. District Court for the Southern District of Texas |
na |
Management order filed in case against former Franklin Bank Corp. executives. |
Securities and Exchange Commission, Plaintiff, v. Anthony J. Nocella, and J. Russell McCann, Defendants |
4:12-cv-01051 |
4/5/2012 |
November |
www.mortgagedaily.com/LitigationInvestor112012.asp |
| Michael W. Perry |
Federal Deposit Insurance Corp. |
U.S. District Court for the Central District of California |
$12,000,000 |
Former IndyMac CEO settles case for $1 million plus corporate liability insurance claims. |
FDIC as Receiver of IndyMac Bank, F.S.B. v. Perry, et al |
2:10-cv-04915-DSF-SH |
7/6/2010 |
12/14/2012 |
www.mortgagedaily.com/MctSettlementIndymac121612.asp |
| Scott Van Dellen, Richard Koon, Kenneth Shellem and William Rothman |
Federal Deposit Insurance Corp. |
U.S. District Court for the Central District of California |
$169,000,000 |
Verdict against former IndyMac executives. |
Federal Deposit Insurance Corp., as Receiver for IndyMac Bank, F.S.B., Plaintiff, v. Scott Van Dellen, Richard Koon, Kenneth Shellem and William Rothman, Defendants |
10-04915-RSWL |
7/2/2010 |
12/7/2012 |
www.mortgagedaily.com/MctLawsuitFdicIndymac120812.asp |
| Stephen L. Howell, Security Financial Services, Inc., Security Financial Fund, LLC and Security Investors Fund, LLC |
Idaho Department of Finance |
First District Court in Benewah County |
$24,000,000 |
Complaint filed. |
na |
na |
12/26/2012 |
12/26/2012 |
www.mortgagedaily.com/InvestorLawsuits4q2012.asp |
| Mortgage Guaranty Insurance Corp. |
Freddie Mac, Federal Housing Finance Agency |
U.S. District Court for the Eastern District of Wisconsin |
$268,000,000 |
Settlement reached. |
na |
na |
5/8/2012 |
December |
www.mortgagedaily.com/LitigationMI012313.asp |
