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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.

Suitability Lawsuits
Fourth Quarter 2008 Mortgage Litigation Report

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

Case Title
Case Number
Date Filed Link to Story
Kederio Ainsworth, Jesus Gutierrez, Guillermo Haro, Gabriel Paredes and Angel Romo Securities and Exchange Commission U.S. District Court for the Central District of California na Five California mortgage brokers for World Group Securities have been charged by the SEC with allegedly placing borrowers in unaffordable subprime loans to finance unsuitable securities -- earning commissions every step of the way. Borrowers were deceived about the terms of the new mortgages. Securities and Exchange Commission, Plaintiff, vs. Kederio Ainsworth, Guillermo Haro, Jesus Gutierrez, Gabriel Paredes and Angel Romo, Defendants. Case no. EDCV 08-1350 Sept. 29, 2008
Countrywide Financial Corp. California, attorneys general in 10 states, including Arizona, Connecticut, Florida, Illinois, Iowa, Michigan, North Carolina, Ohio, Texas and Washington na $8,400,000,000 "BoA settled with several states to resolve outstanding claims that Countrywide disregarded borrowers' ability to repay loans and instead focused only on production and profits. na na na
Option One Mortgage Corp. and H&R Block Mortgage Corp. Massachusetts Attorney General Martha Coakley Suffolk Superior Court na A preliminary injunction against Option One Mortgage Corp. prohibits the company from initiating or advancing foreclosures on any of the 9,700 loans in the state that are considered presumptively unfair. Commonwealth of Massachusetts v. H&R Block Inc. No. 1:08-cv-11225 na

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