|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed |
Link to Story |
| ABN AMRO Mortgage Group, Inc.; Chase Home Finance, LLC; CitiMortgage, Inc.; CitiCorp Home Mortgage Services, Inc.; CountryWide Home Loans, Inc.; Fifth Third Mortgage Company; Florida Capital Bank, N.A.; GMAC Mortgage Corporation; HSBC Mortgage Corporation (USA); Federal Deposit Insurance Corporation, as Receiver for IndyMac Bank, F.S.B.; Moreequity Inc.; National City Mortgage Inc.; First Covenant; Provident Funding Group, Inc.; The Provident Bank; Saxon Mortgage Services, Inc.; Sovereign Bank; Suntrust Mortgage, Inc.; U.S. Bank N.A.; Wachovia Mortgage Corporation; Federal Deposition Insurance Corporation, as Receiver for Washington Mutual Bank; Wells Fargo Home Mortgage, Inc. |
Douglas Jones; Andrea Jones, individually and on behalf of all other similarly situated |
United States Court of Appeals for the Third Circuit |
n/a |
A federal appellate court has ruled in favor of servicers in a case where an unauthorized sub-servicer collected payments on behalf of mortgage borrowers without completely passing them on to the lender. |
Jones v. ABN AMRO Mortgage Group, Inc. |
Aug-53 |
5/25/10 |
www.mortgagedaily.com/MctLawsuitSnyder052610.asp |
| BAC Home Loans Servicing LP; Countrywide Home Loans, Inc. |
Federal Trade Commission |
United States District Court for the Central District of California |
$108,000,000 |
Settlement of $108 million relates to borrowers whose loans were were hit with illegal and excessive fees and delinquent borrowers were allegedly deceived into paying hundreds of thousands of dollars to Countrywide subsidiaries that performed default services which protected the lender’s interest. Moreover, Countrywide is accused of misstating loan balances and the status of loans that were in Chapter 13 Bankruptcy. |
FTC v. Countrywide Home Loans, Inc. |
2:2010cv04193 |
n/a |
www.mortgagedaily.com/SettlementCountrywide060710.asp |
| Michael J. McGrath Jr. and Leroy Hayden |
United States of America |
U.S. District Court -District of New Jersey |
$136,000,000 |
A second person, Leroy Hayden, pleaded guilty to one count of wire fraud conspiracy in a case where a lender sold Fannie Mae $136 million in mortgages that it did not own. Hayden allegedly conspired with co-defendant McGrath to fraudulently sell the loans. |
United States of America v. Hayden, Leroy |
n/a |
13-May-10 |
www.mortgagedaily.com/USMortgagePlea051410.asp |
| Wesley A. Snyder |
na |
na |
$29,000,000 |
Unauthorized sub-servicer collected payments on behalf of mortgage borrowers without completely passing them on to the lender anad now servicng 12-year sentence. |
In re. Wesley Snyder |
na |
na |
www.mortgagedaily.com/MctLawsuitSnyder052610.asp |
| Countrywide Home Loans, BAC Home Loans Servicing and Fannie Mae |
Bradford Corder |
Kanawha Circuit Court, W.V. |
na |
Complaint alleges predatory lending and abusive servicing were responsible for the foreclosure on plaintiff’s home. |
Corder v. Countrywide et al. |
Case No. 10-C-698 |
na |
www.mortgagedaily.com/LitigationForeclosure061610.asp |
| GMAC Mortgage Corp. |
American Residential Equities LLC |
U.S. District Court for the Southern District of Florida |
NA |
Mortgage investor files suit against GMAC alleging mismanagement of assets by mortage servicer |
American Residential Equities LLC v. GMAC Mortgage Corp. |
na |
na |
www.mortgagedaily.com/LawsuitGmac061510.asp |
| Countrywide Mortgage |
Las Vegas couple |
na |
$3,400,000 |
Complaint alleges lender wrongly allowed “trashout” of property. |
na |
na |
na |
www.mortgagedaily.com/MctForeclosures060710.asp |
| Deutsche Bank |
Ricky Rought |
U.S. District Court in Grand Rapids |
na |
Complaint alleges lender wrongly allowed “trashout” of property. |
na |
na |
na |
www.mortgagedaily.com/MctForeclosures060710.asp |
| Trott & Trott, Aurora Loan Services, several small companies |
Martin Powelson |
Michigan court |
$180,000 |
Complaint alleges lender wrongly allowed “trashout” of property. |
na |
na |
na |
www.mortgagedaily.com/MctForeclosures060710.asp |
