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Fourth-Quarter 2011 Mortgage Litigation Index

Mortgage Daily

Published On: April 9, 2012
Fourth-Quarter 2011 Mortgage Litigation Index
Lawsuits about mortgage company liability in determining suitability of loans for borrowers.
Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
 Date Filed Date of Activity Link to Story
Citibank, N.A., et al Jonas Z. Lona Court of Appeals of California, Sixth District $1,500,000 Appeals court reversed foreclosure holding that “summary judgment was improper because: the homeowner presented sufficient evidence of triable issues of material fact with regard to the alleged unconscionability of the transaction; and the motion did not address a pertinent exception to the tender requirement, which the homeowner had raised in his complaint.”  JONAS Z. LONA, Plaintiff and Appellant, v. CITIBANK, N.A., as Trustee, etc. et al., Defendants and Respondents H036140 na 12/21/2011 www.mortgagedaily.com/LitigationForeclosures122811.asp
Bank of America Corp., GMAC-RFC and J.P. Morgan Chase Co., et al City of Cleveland Court of Common Pleas, Cuyahoga County, Ohio na Court dismissed the plaintiff’s claims that the defendants caused the current foreclosure crisis in Cleveland by routinely making loans to borrowers who had no ability to pay them back.  na na Jan. 2008 11/22/2011 www.mortgagedaily.com/LitigationForeclosures122811.asp
Deutsche Bank AG, subsidiary MortgageIT United States of America U.S. District Court for the Southern District of New York na Deutsche’s motion to dismiss denied. United States of America v. Deutsche Bank AG et al. 1:11-cv-02976-LAK 5/3/2011 12/21/2011 www.mortgagedaily.com/LitigationSecondary012612.asp

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