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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.

Reverse Mortgage Lawsuits
First-Quarter 2010 Mortgage Litigation Index

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Litigation tied to home-equity conversion mortgages and reverse mortgage issues, programs and lenders.

Case Title
Case Number
Date Filed Link to Story
American Advisors Group Inc. and its President Reza Jahangiri People of the State of Illinois, by Attorney General Lisa Madigan Circuit Court of Cook County, Illinois na A U.S. District Court Judge ruled against HSBC Mortgage where the lender allegedly denied employment to an applicant because of a misdemeanor charge against the applicant that was subsequently dropped. na na na
Hartland Mortgage Centers People of the State of Illinois, by Attorney General Lisa Madigan Circuit Court of Cook County, Illinois na Defendant allegedly falsely implied ongoing ownership in the property even though HECM lenders can foreclose if requirements such as paying property taxes and maintaining the home are not met. In addition, direct mail solicitations falsely implied that seniors could be eligible for government benefits though they were actually advertising reverse mortgage programs. People of the State of Illinois v. Hartland Mortgage Centers 2010-CH-05339 February 8, 2010
John McTaggart na San Francisco Superior Court na John McTaggart allegedly stole $140,000 in reverse mortgage proceeds from an 86 year old woman. He allegedly convinced her to sign over the funds for two annuities he promised to purchase on her behalf. However, instead he deposited the funds into his personal account. na na na

4th Quarter 2010 Reverse Mortgage Lawsuits

1st Quarter 2009 Reverse Mortgage Lawsuits

Reverse Mortgage News
Home equity conversion mortgages, HECM lenders and HECM reports. Reverse mortgage lending issues, analysis and compliance.

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