Mortgage Daily

Published On: March 8, 2010
Suitability Lawsuits
Fourth-Quarter 2009 Mortgage Litigation Index

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Lawsuits about mortgage company liability in determining suitability of loans for borrowers.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
Phoenix Housing Group, Inc., W.R. Starkey Co., K&B Homebuilders, Inc. State of North Carolina General Court of Justice, Superior Court Division na Allegations that manufactured homes were sold, and loans were made on those homes, based on inflated values. State of North Carolina v. Phoenix Housing Group, Inc. et al. Case No. 09CY32513 Nov. 18, 2009 www.mortgagedaily.com/Litigation123009.asp

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