|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed |
Link to Story |
| Ally Financial, Banc of America Mortgage Securities, Inc., Banc of America Securities, LLC, Bank of America Corp., Bear Stearns & Co., Inc., Chase Mortgage Finance Corp., Citigroup Global Markets, Inc., Countrywide Financial Corp., Credit Suisse (USA), Inc., Credit Suisse First Boston Mortgage Securities Corp., Credit Suisse Holdings (USA), Inc., Credit Suisse Securities (USA) LLC, CWMBS, Inc., First Horizon Asset Securities, Inc., First Savings Mortgage Corp., First Tennessee Bank Nat’l Assoc., GMAC Mortgage Group LLC, Goldman Sachs Mortgage Co., Goldman Sachs & Co., GS Mortgage Securities Corp., Indymac MBS, Inc., J.P. Morgan Acceptance Corp. I, J.P. Morgan Securities Inc., John Doe Defendants 1-50, JP Morgan Chase & Co., JP Morgan Securities Holdings LLC, RBS Securities, Inc. Residential Funding Mortgage Securities I, Inc. |
Federal Home Loan Bank Loan of Indianapolis |
U.S. District Court for the Southern District of Indiana |
$3,000,000,000 |
Suit alleging negligent misrepresentation of MBS performance. |
Fed’l Home Bank Loan of Indianapolis v. Ally Fin. Inc. |
1:2010cv01463 |
11/15/2010 |
www.mortgagedaily.com/LitigationMbs113010.asp
www.mortgagedaily.com/MctLawsuitFhlb111910.asp |
| Countrywide Financial Corporation, Countrywide Home Loans, Inc., and Countrywide Home Loans Servicing LP |
Class action |
Supreme Court of New York, County of New York |
$80,000,000,000 |
Suit regarding loss mitigation in connection with home mortgages. |
Greenwich Fin. Servs. Distressed Mortgage Fund 3, LLC v. Countrywide Fin. Corp. |
No.1:2008cv11343 |
12/30/2008 |
www.mortgagedaily.com/LawsuitBoaAz121710.asp |
| Creston King, Amy King |
CitiMortgage Inc. |
n/a |
$106,421 |
Judge rules that Fannie Mae, current owner of REO, to go through mitigation. |
n/a |
n/a |
n/a |
www.mortgagedaily.com/MctForeclosureFannie120810.asp |
| David Findel |
United States |
n/a |
$11,000,000 |
Defendant, former CEO of Worldwide Financial Resources Inc., pled guilty to wire fraud in connection with secondary lending fraud. |
United States v. Findel |
n/a |
10/14/2010 |
www.mortgagedaily.com/PleaWorldwide101810.asp |
| Enhance Mortgage Corporation, Inc. |
Texas Attorney General Greg Abbott |
n/a |
n/a |
Attorney General sued mortgage businesses for violating Texas consumer protection laws. |
State of Texas v. Enhance Mortgage Corporation, Inc. |
2010-554.513 |
10/15/2010 |
www.mortgagedaily.com/mctlawsuittexas111710.asp |
| First Horizon National Corp. |
Federal Housing Finance Agency |
n/a |
n/a |
Subpoena issued. |
n/a |
n/a |
n/a |
www.mortgagedaily.com/FirstHorizonFhfa110210.asp |
| Lee Bentley Farkas |
U.S. Attorney’s Office |
U.S. District Court for the Eastern District of Virginia |
$1,400,000,000 |
Farkas seeks 3 additional months to prepare for trial, and is accused of masterminding a fraudulent scheme to hide hundreds of millions of dollars. |
United States v. Farkas |
1:10cr200 |
n/a |
www.mortgagedaily.com/LitigationCriminal120710.asp |
| Peter Bakowski |
U.S. Attorney’s Office |
n/a |
$16,000,000 |
15-year sentence for role in secondary scheme where more than one investor was sold a loan. |
United States v. Bakowski |
n/a |
n/a |
www.mortgagedaily.com/LitigationCriminal120710.asp |
| Texas Attorney General Greg Abbott |
Enhance Mortgage Corporation, Inc. |
Lubbock County Superior Court, Texas |
n/a |
Complaint alleges that the Lubbock office of the AG’s consumer protection division was making false allegations and threats through misuse of the state’s Deceptive Trade Practices-Consumer Protection Act. |
State of Texas v. Enhance Mortgage Corporation, Inc. |
2010-554.513 |
10/15/2010 |
www.mortgagedaily.com/mctlawsuittexas111710.asp |
| Wurttembergische Versigh |
Universal Mortgage Corp. |
n/a |
n/a |
Complaint filed alleging defendant reneged on a mortgage bankers blanket bond. |
Universal Mortg. Corp. v. Wurttembergische Versigh |
LEXIS 77975 |
7/30/2010 |
www.mortgagedaily.com/LitigatonRepurchase122710.asp |
