twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.

Employer v. Employee

Recent litigation related to mortgage employment

July 9, 2010

By staff

Two mortgage firms recently prevailed in court over former employees, while two more firms face new court battles with former employees.

Wan Tim was unsuccessful in appealing a judgment in favor of Bank of America, National Association, according to a copy of the ruling by the Court of Appeals of California, Second District, Division Two, that was posted by Leagle. In her lawsuit, the former loan originator for BofA claimed sexual harassment; discrimination on the basis of sex, race and national origin; retaliation; and wrongful termination in violation of public policy.

"We find that appellant's sexual harassment and discrimination claims are time-barred, that her retaliation claim fails as a matter of law, and that she has not created a triable issue of fact as to her wrongful termination claim," according to the appeals court, which affirmed the lower court ruling in favor of defendant BofA.

Loan officer Debbie Ferrara was unsuccessful in convincing the Court of Appeals of Minnesota to overturn an unemployment law judge's decision in favor of her former employer, Mortgage Planners Inc., a copy of the decision from said.

Ferrara testified how her ability to work as an originator was impeded by Mortgage Planners' failure to provide her with hardware, software and a list of lenders. She also blamed the lack of private office space, an inability to order credit reports and the lack of regular meetings for support and training.

But Mortgage Planners owner Jim Ober successfully testified that the company had not agreed to provide some of the resources and that Ferrara had failed to use the other resources that she listed.

Outten & Golden issued a notice last month indicating that the deadline for former Taylor, Bean and Whitaker Mortgage Corp. employees to file a proof of claim was on June 15. The New York-based law firm estimated more than 2,000 Taylor Bean employees were terminated without a Worker Adjustment and Retraining Notification Act notice, which requires 60 days' notice for layoffs involving 50 or more employees within a single state.

Outten & Golden hopes to obtain class-action certification in the lawsuit, which was filed in U.S. District Court for the Middle District of Florida in August 2009. Two months' compensation and a benefit is sought for each class member. Those who missed the claim deadline might have their WARN claims denied if the action doesn't achieve certification.

Salem Five Mortgage Company LLC was among four defendants listed in a lawsuit by Joyce Trachtenberg. The lawsuit was filed on Oct. 30, 2009, in U.S. District Court for the District of Massachusetts.

The complaint said Trachtenberg is suing "for retaliation for exercising her rights under the Family and Medical Leave Act, 29 U.S.C. 2601 et seq., discrimination and retaliation on the basis of her disability (or perceived disability) in violation of the American with Disabilities Act, 42 U.S.C. 12101."

WAN TIN, Plaintiff and Appellant, v. BANK OF AMERICA, NATIONAL ASSOCIATION et al., Defendants and Respondents.
Case No. B215291 (Court of Appeals of California, Second District, Division Two).

Debbie Ferrara, Relator, v. Mortgage Planners Inc., Respondent, Department of Employment and Economic Development, Respondent.
No. A09-1126 (Court of Appeals of Minnesota.

Callahan v. Taylor, Bean & Whitaker Mortgage Corp.
Adv. Pro. No. 09-00439-JAF (U.S. District Court for the Middle District of Florida).

Joyce Trachtenberg, Plaintiff v. Salem Five Savings Bank, Salem Five Mortgage Company LLC, Ron Peck and Kathie Sauter Defendants.
Case No. 1:09-cv-11856-JGD, Oct. 30, 2009 (U.S. District Court for the District of Massachusetts).

next story

back to current headlines

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders