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Date Filed | Link to StoryLink to Story |
| John P. and Tabitha N. Kelly | LaSalle Bank National Association, First Franklin Financial Corp., Republic Mortgage Banc LLC, Majestic Title Agency LLC, C&N Services Inc. and others | Medina County Common Pleas Court | na | Judge James L. Kimbler defendants leave to plead their counterclaim and third party complaint, placing LaSalle Bank’s foreclosure on hold. Defendants allege that, in violation of state laws and/or RESPA, their mortgages were improperly secured and that omissions and discrepancies in 1033 forms negatively impacted their credit and the loans. | na | na | na | www.mortgagedaily.com/ForeclosureStaysOhio041508.asp |
| Option One Mortgage Corp., parent H&R Block Inc., and American Home Mortgage Servicing Inc. | State of Massachusetts | Suffolk Superior Court | na | Option One Mortgage Corp. is accused of placing borrowers in risky loans it should have known would wind up in foreclosure. In addition, the company allegedly charged several hundred dollars more in fees and points to black and Latino borrowers than similarly situated white borrowers. | Commonwealth of Massachusetts v. H&R Block Inc. | 1:08-cv-11225 | June 3, 2008 | www.mortgagedaily.com/LawsuitOptionOneMass060408.asp |
| Wells Fargo Bank, N.A. | Mayor and City Council of Baltimore | U.S. District Court, District of Maryland | na | The City of Baltimore alleges that Wells Fargo engaged in “reverse redlining” by targeting black borrowers for high-priced loans in violation of the Fair Housing Act, and is responsible for “tens of millions of dollars” in lost tax revenues to the city because of a few hundred foreclosures during the past seven years. | Mayor and City Council of Baltimore v. Wells Fargo Bank, N.A. | 08-00062-BEL | na | www.mortgagedaily.com/LawsuitWellsBaltimore060208.asp |
| Alec G. Sohmer, et al, First Horizon Home Loans; Countrywide Home Loans; EMC Mortgage Corp.; Select Portfolio Services; Aurora Loan Servicing, LLC; American Home Mortgage Corp. doing business as America Brokers Conduit; Option One Mortgage Corp.; America’s Servicing Co., a dba of Wells Fargo Bank, N.A.; Ocwen Mortgage; and, Sallie Mae Home Loans Inc. | Commonwealth of Massachusetts | Suffolk Superior Court; U.S. Bankruptcy Court for the District of Massachusetts, Eastern Division. | $1.8 million | Several mortgage lenders and servicers have agreed to a settlement with Massachusetts’ attorney general in a case involving a foreclosure rescue scam orchestrated by an attorney. The attorney, who has since filed a Chapter 7 bankruptcy, is accused of stripping equity on 26 properties. | na | na | na | www.mortgagedaily.com/SettlementMass061808.asp |
| A&E Mortgage Company, L.L.C., aka Colony Financial Services, L.L.C., et al. | Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs | Essex County _____. | na | Defendants allegedly placed borrowers in predatory loans based on “misrepresentations and falsified information,” offered bogus foreclosure rescue services and engaged in a practice know as “inflated sale and crash,” where investors purchase properties at inflated prices using mortgage fraud. | Anne Milgram, Attorney General of the State of New Jersey, and David Szuchman, Director of the New Jersey Division of Consumer Affairs, v. A&E Mortgage Company, L.L.C., aka Colony Financial Services, L.L.C., et al | na | na | www.mortgagedaily.com/FraudLawsuitNewJersey061708.asp |
| Michael and Cynthia Dibell | Argent Mortgage Company LLC, Citigroup | Ashtabula County Common Pleas Court | Judge Mackey had granted a stay of the foreclosure action against the Dibells, even though the foreclosure action had closed, and gave them leave to proceed with their counterclaim and complaint, alleging predatory lending against Argent, Citi, two brokers, an appraiser and a title agent. | na | na | na | www.mortgagedaily.com/ForeclosureStaysOhio041508.asp |
