|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed | Link to Story |
| Gateway Funding Diversified Mortgage Services LP and Gateway Funding Inc. | Federal Trade Commission | U.S. District Court For The Eastern District of Pennsylvania | $2,900,000 | A Pennsylvania-based net branch operation has settled charges that its originators earned bigger fees and yield spread premiums on loans to minorities, in violation of the Equal Credit Opportunity Act. However, All but $0.2 million of a $2.9 million judgment will be suspended due its financial condition. | Federal Trade Commission v. Gateway Funding Diversified Mortgage Services, L.P. and Gateway Funding, Inc. | FTC File No. 0623063 | na | www.mortgagedaily.com/GatewaySettlement121608.asp |
| Home Mortgage Solutions | Colorado Attorney General John Suthers | na | na | The mortgage broker settled allegations of deceptive advertising. It is also accused of inadequate prepayment penalty disclosures. | na | na | na | www.mortgagedaily.com/ColoradoAdvertising111808.asp |
| Homecomings Financial LLC | U.S. Department of Justice | na | na | Homecomings has resolved a federal investigation into a prepayment penalty charged by the unit. The borrower was active in the military; the Justice Department launched its investigation under the Servicemembers Civil Relief Act. | na | na | na | www.mortgagedaily.com/HomecomingsVaInvestigation121608.asp |
| Countrywide Financial Corp., Bank of America Corporation, Countrywide Bank, FSB, Countrywide Home Loans, Inc., Full Spectrum Lending Division, Rene L. Rebollo, Jr., Wahid Siddiq, Does 1-50, ABC Corporations 1-50, and XYZ Partnerships and Associations 1-50 | Matthew and Danielle Holmes | U.S. District Court for the Western District of Kentucky | na | “A class-action lawsuit has been filed against Countrywide Financial Corp. and some of its affiliates over personal customer data that was stolen and sold by a former executive. More than 2 million customers could potentially join the case. Countrywide is accused of violating state security notification laws, consumer fraud laws and the Fair Credit Reporting Act. | MATTHEW and DANIELLE HOLMES, 30 Mount Holly Avenue,Mount Holly, New Jersey 08060, on behalf of themselves and all other similarly situated, Plaintiff, v. COUNTRYWIDE FINANCIAL CORPORATION, a California corporation; BANK OF AMERICA CORPORATION, a North Carolina corporation; COUNTRYWIDE BANK, FSB, a California corporation; COUNTRYWIDE HOME LOANS, INC., A DIVISION OF COUNTRYWIDE BANK, FSB, a California corporation; FULL SPECTRUM LENDING DIVISION, a California corporation; Rene L. Rebollo, Jr.; Wahid Siddiqi; Does 1-50; ABC Corporations 1-50; and XYZ Partnerships and Associations 1-50. Defendants. | Case 5:08-cv-00205-TBR | Dec. 17, 2008 | www.mortgagedaily.com/LawsuitPrivacyCountrywide121908.asp |
| Bank of Romney | Federal Reserve | na | $2,750 | Alleged violations of National Flood Insurance Act rules led to a Fed consent order of assessment. | na | na | na | www.mortgagedaily.com/Mergers100208.asp |
| HUD | National Association of Mortgage Brokers | na | na | Mortgage brokers are suing the U.S. Department of Housing and Urban Development over new yield-spread premium disclosure requirements under the Real Estate Settlement Procedures Act. | National Association of Mortgage Brokers v. HUD | na | na | www.mortgagedaily.com/LawsuitNamb121908.asp |
