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Mortgage Advertising Lawsuits Third-Quarter 2012 Mortgage Litigation Index

Mortgage News

Lawsuits about mortgage advertising, bait and switch ads, deceptive ads and do-not-call violations.

 

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Date of Activity Link to Story
NHT Law Group Guaranteed Rate Inc. U.S. District Court for the Northern District of Illinois $75,000 Case dismissed because plaintiff could not prove it suffered damages. na na 7/10/12 www.mortgagedaily.com/AdvertisingLawsuits3q2012.asp
Ray Vinson, Jr., Defendant, and
Vinson Mortgage Services, Inc., Appellant
American Equity Mortgage, Inc., Respondent Missouri Court of Appeals, Eastern District, Division Four $300,000 Application for transfer to supreme court denied. American Equity Mortgage, Inc. v. Vinson ED 97103 na 8/14/12 www.mortgagedaily.com/AdvertisingLawsuits2q2012.asp
ING BANK, FSB d/b/a ING DIRECT JOHNATHAN Yarger, TRUDE YARGER U.S. District Court for the District of Delaware na Plaintiffs’ Motion for Class Certification granted in part and denied in part. JOHNATHAN AND TRUDE YARGER, a married couple, Plaintiffs, v. ING BANK, FSB d/b/a ING DIRECT, Defendant. 11-154-LPS 1/21/11 8/31/12 www.mortgagedaily.com/FeeLawsuits3q2012.asp
First Universal Lending LLC Federal Trade Commission U.S. District Court Southern District of Florida $18,800,000 Checks mailed to victims. Federal Trade Commission v. First Universal Lending, LLC, a limited liability company, Sean Zausner, individually and as owner, officer, or manager of First Universal Lending, LLC, David Zausner, individually and as owner, officer, or manager of First Universal Lending, LLC, and David J. Feingold, individually and as officer or manager of First Universal Lending, LLC 09-CV-82322, FTC File No. 092 3130 Nov. 2009 August www.mortgagedaily.com/LitigationForeclosureFirms101512.asp
La Paz Source LLC State of Arizona na na Complaint filed. na na August August www.mortgagedaily.com/LitigationForeclosureFirms101512.asp
Making All Homes Affordable LLC, Albert Figueroa State of Arizona na na Complaint filed. na na 8/15/2012 8/15/2012 www.mortgagedaily.com/LitigationForeclosureFirms101512.asp
Statewide Financial Group Inc. State of California Superior court of the State of California County of Orange $4,000,000 Settlement reached. THE PEOPLE OF THE STATE OF CALIFORNIA, Plaintiff, v. STATEWIDE FINANCIAL GROUP, INC., a California corporation doing business as US Homeowners Assistance; US Homeowners PRESERVATION CENTER, INC., a California corporation; HAKIMULLAH SARPAS, an individual; ZU MA AZARZAI, an individual; SHARON FASELA, an individual; Rasha Yehia Melek: an individual; and Does 1 through 100, inclusive, Defendants 30-2009-00125950 June 2011 7/23/2012 www.mortgagedaily.com/LitigationForeclosureFirms101512.asp

 

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