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Suitability Lawsuits First-Quarter 2010 Mortgage Litigation Index

Mortgage Daily

Published On: June 23, 2010
Suitability Lawsuits
First-Quarter 2010 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 Link to Story
Countrywide Home Loans Montana Attorney General Steve Bullock na $247,247 A foreclosure relief settlement with Montana Attorney General Steve Bullock will cost Countrywide $247,247. Defendant was accused of fast-talking borrowers into dubious loans they did not understand and had little or no hope of ever paying back. Borrorower received checked for $3,129 as settlement. na na na www.mortgagedaily.com/ForeclosureLitigation021510.asp
JPMorgan Chase & Co. Lenny K. Dykstra U.S. District Court for the Southern District of New York na Plaintiff alleges that bank made a loan to plaintiff knowing that plaintiff would be unable to repay the loan. Dykstra v. JPMorgan Chase & Co. No. 10-02413 March 17, 2010 www.mortgagedaily.com/LitigationCommitments032910.asp

 

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