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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.


Secondary Marketing Lawsuits
Third Quarter 2008 Mortgage Litigation Report

main report page

Cases related to secondary marketing, warehouse lending and repurchases.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
American Discount Corporation and Enrico H. Zummo Residential Funding Company LLC U.S. District Court for the District of Minnesota na "In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. American Discount Corporation, et al. No. 08-CV-02042-RHK-RLE June 10, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Bayrock Mortgage Corp. Residential Funding Company LLC U.S. District Court for the District of Minnesota na "In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Bayrock Mortgage Corporation No. 0:08-cv-01042-DSD-JJG April 14, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Federal Deposit Insurance Corporation Beal Bank, S.S.B. U.S. District Court for the District of Columbia na A pending federal lawsuit seeks to force the Federal Deposit Insurance Corporation to repurchase more than 1,000 subprime mortgages that have defaulted since they were acquired by a Texas-based bank more than five years ago. The loans were originated by a failed Illinois bank. Beal Bank, S.S.B. v. Federal Deposit Insurance Corporation No. 1:02-CV-02146 na www.mortgagedaily.com/LawsuitBealWBSK081108.asp
Home Loan Funding Inc. Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Home Loan Funding Inc. No. 08-cv-00988-RHK-AJB April 8, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Hyperion Capital Group LLC Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Hyperion Capital Group LLC No. 08-cv-00593-DSD-JJG Feb. 29, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Mirad Financial Group Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Mirad Financial Group No. 0:08-cv-01165-PJS-JJG April 28, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Paramount Financial Inc. Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Paramount Financial Inc. No. 0:08-cv-01165-PJS-JJG June 12, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Pinnacle Direct Funding Corp. Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Pinnacle Direct Funding Corporation No. 0:08-cv-00591-DSD-JJK Feb. 29, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
PMAC Lending Services Inc. Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. PMAC Lending Services Inc. No. 0:08-cv-00442-ADM-JJK Feb. 20, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Summit Lending Solutions Inc. Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Summit Lending Solutions Inc. No. 0:08-cv-00989-PJS-JJG April 8, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Western Residential Mortgage Inc. Residential Funding Company LLC U.S. District Court for the District of Minnesota na In several lawsuits filed by an affiliate of Residential Capital LLC, loan correspondents are accused of failing to repurchase loans as required by the contracts they signed. In at least one case, the company is going after an individual who signed a personal guarantee. Residential Funding Company LLC v. Western Residential Mortgage Inc. No. 0:08-cv-01046-PAM-JSM April 14, 2008 www.mortgagedaily.com/LawsuitsRescap081408.asp
Prajna Group Inc., petitioner Prajna Group Inc., petitioner U.S. Bankruptcy Court for the Western District of Kentucky na A Kentucky mortgage company that filed for bankruptcy liquidation is accused of defrauding lenders it sold loans to. In re Prajna Group, Inc., dba Liberty Mortgage Funding 08-33673 August 20, 2008 www.mortgagedaily.com/ClosureLibertyMortgage091008.asp

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.




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