Mortgage Compliance Lawsuits Second-Quarter 2012 Mortgage Litigation Index

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MORTGAGE EXPERT
1 · 01 · 70

 

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Date of Activity Link to Story
Edwards First American Financial Corp. U.S. Supreme Court na Supreme Court dismissed appeal. First American Financial Corp. v. Edwards na na June www.mortgagedaily.com/ComplianceLawsuits2q2012.asp
Federal Home Mortgage Corporation, Merscorp, Inc., Provident Funding Associates, L.P. and Wellsfargo Home Loans Servicing, LP Yan Chang Huang U.S. District Court for the District of Nevada na Complaint filed. Huang v. Federal Home Mortgage Corporation et al 2:2012cv01141 6/29/2012 6/29/2012 www.mortgagedaily.com/ComplianceLawsuits3q2012.asp
Gallagher Magner U.S. Supreme Court, not argued na Parties agreed to the dismissal of the case. Magner v. Gallagher Docket No. 10-1032 na Q2 www.mortgagedaily.com/LitigationCompliance061112.asp
Residential Funding LLC Gilbert Appellate Court for the Fourth Circuit na Ruling found rescission is timely where the consumer provided notice of rescission to the sub-servicer within 3 years of closing, but did not file suit until after 3-year deadline passed. Gilbert v. Residential Funding LLC Oct-95 5/3/2012 5/3/2012 www.mortgagedaily.com/LitigationCompliance061112.asp
U.S. Bank Rachel Berghaus Court of Appeals of Kentucky na Court ruled in favor of lender. na na na June www.mortgagedaily.com/LitigationCompliance061112.asp
GENERAL INFORMATION SERVICES, INC. SHAMARA T. KING on behalf of herself and all others similarly situated U.S. District Court for the Eastern District of Pennsylvania na Federal Trade Commission joined in filing a memorandum brief in support of the constitutionality of the Fair Credit Reporting Act. SHAMARA T. KING on behalf of herself and all others similarly situated, Plaintiff, v. GENERAL INFORMATION SERVICES, INC., Defendant. 2:10-cv-06850-PBT na 5/3/2012 www.mortgagedaily.com/CreditLawsuits2q2012.asp
Mount Holly Gardens Citizens in Action, Inc. Mount Holly, N.J. U.S. Supreme Court na Petition for certiorari filed. Mount Holly v. Mount Holly Gardens Citizens in Action, Inc. na June 6/25/2012 www.mortgagedaily.com/ComplianceLawsuits2q2012.asp
SunTrust Mortgage Inc. United States of America U.S. District Court for the Eastern District of Virginia $21,000,000 Settlement reached. United States of America, Plaintiff, v. SunTrust Mortgage Inc., Defendant 3:12-cv-00397-REP 5/31/2012 www.mortgagedaily.com/LitigationFairLending060412.asp, www.mortgagedaily.com/MctSettlementSuntrust060112.asp
Bank of America Angelini U.S. District Court for the District of Maryland na Complaint filed. Angelini v. Bank of America, et al 1:12-cv-01748 6/13/2012 6/13/2012 www.mortgagedaily.com/LitigationFees091012.asp
Quicken Loans Inc. Freeman U.S. Supreme Court na Appeals court decision overturned. Freeman v. Quicken Loans Inc. 10-1042 5/24/2012 www.mortgagedaily.com/LawsuitQuickenFees052412.asp
Fifth Third Bank, et al Christopher Manners, Jamie Young, Aimee Young 3rd U.S. Circuit Court of Appeals na Defendant accused of taking “disguised, unlawful referral fees” or “kickbacks” from mortgage insurers. Fifth Third Bank, et al na 4/5/2012 4/5/2012 www.mortgagedaily.com/MctLawsuit53MI040712.asp
PHH Mortgage Corp. Mathews Supreme Court of Virginia na Court held that the term “branch office” includes not only servicing offices, but also “originating offices.” Mathews v. PHH Mortgage Corporation 110967 na 4/20/2012 www.mortgagedaily.com/LitigationCompliance061112.asp
The Lending Company, Wells Fargo Funding, RJ Reynolds  Margaret Galas U.S. District Court na Class-action lawsuit filed. na na June June https://www.mortgagedaily.com/FraudLitigation012913.asp
Deutsche Bank AG, DB Structures Products Inc., Deutsche Bank Securities Inc., MortgageIT Inc United States of America U.S. District Court for the Southern District of New York $202,300,000 Settlement reached. Plaintiff alleged that defendant failed to comply with requirements that mortgagees monitor early payment defaults on FHA-insured mortgages and correct the problems behind them. na na 5/3/2011 5/10/2012 www.mortgagedaily.com/SettlementDeutsche051012.asp
First Horizon National Corp., United Guaranty Residential Insurance Co., Genworth Mortgage Insurance Corp., Republic Mortgage Insurance Co.,  Radian Guaranty Inc. Saydei G. Barlee,  Barry D. Broome U.S. District Court for the Eastern District of Pennsylvania $46,300,000 Suit alleges defendants schemed to mask  kickbacks as part of the regular mortgage insurance paid by homebuyers. na na June June www.mortgagedaily.com/MctLawsuitFirstHorizon060412.asp
Genworth Financial Inc. Consumer Financial Protection Bureau na na Civil investigative demand. na na na 6/20/2012 www.mortgagedaily.com/CfpbMiInvestigations080412.asp
Radian Group Inc. Consumer Financial Protection Bureau na na Civil investigative demand. na na na June www.mortgagedaily.com/CfpbMiInvestigations080412.asp
United Guaranty Corp. Consumer Financial Protection Bureau na na Civil investigative demand. na na na June www.mortgagedaily.com/CfpbMiInvestigations080412.asp
Allied Home Mortgage Corp., Allied Home Mortgage Capital Corp., Jim C. Hodge, Jeanne L. Stell United States of America U.S. District Court for the Southern District of New York na Suspension reversed as required in preliminary injunction. United States of America, Plaintiff-Intervenor, -against- Allied Home Mortgage Corp., Allied Home Mortgage Capital Corp., Jim C. Hodge, and Jeanne L. Stell Civ. 05443 11/1/2011 May www.mortgagedaily.com/LawsuitAlliedVsHud081312.asp
OCWEN FEDERAL BANK, FSB; OCWEN FINANCIAL CORPORATION; OCWEN LOAN SERVICING, LLC; AAMES CAPITAL CORPORATION; FIRSTAR BANK, nka US BANCORP; OCWEN FEDERAL LOAN SERVICING COMPANY; DEUTSCHE BANK NATIONAL TRUST CO., fka BANKERS TRUST COMPANY OF CALIFORNIA, Defendants-Appellees LISA BRIDGE, WILLIAM W. BRIDGE III U.S. Court of Appeals, Sixth Circuit na Case dismissed against all defendants except Ocwen Loan Servicing . LISA BRIDGE; WILLIAM W. BRIDGE, III, Plaintiffs-Appellants, v. OCWEN FEDERAL BANK, FSB; OCWEN FINANCIAL CORPORATION; OCWEN LOAN SERVICING, LLC; AAMES CAPITAL CORPORATION; FIRSTAR BANK, nka US BANCORP; OCWEN FEDERAL LOAN SERVICING COMPANY; DEUTSCHE BANK NATIONAL TRUST CO., fka BANKERS TRUST COMPANY OF CALIFORNIA, Defendants-Appellees 847608 na 4/30/2012 www.mortgagedaily.com/LitigationServicing071712.asp
na Gary Crane, Marsa Crane  U.S. Bankruptcy Court for the Central District of Illinois na Ruling that a mortgage is avoidable in bankruptcy if it fails to include the maturity date and the interest rate of the underlying debt within the mortgage document as recorded. In re Crane 11-90592 2/29/2012 4/5/2012 www.mortgagedaily.com/BankruptcyIll052312.asp
M&T Bank Corporation, Bayview Financial Small Business Funding LLC L. Diane Fortier, et al. Sonoma County Superior Court $188,821 Court ruled in favor of Plaintiff. L. Diane Fortier, et al. v. M&T Bank Corporation, et al. na na 4/2/2012 www.mortgagedaily.com/CommercialLawsuits2q2012.asp

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