Q1 2008 Mortgage Litigation Report

written by
MORTGAGE EXPERT
4 · 21 · 08
Category
(click for journal)
Description
# of Cases
Advertising Lawsuits about mortgage advertising, bait and switch ads, deceptive ads and do-not-call violations.
1
Bankruptcy Legal issues surrounding borrowers who file for bankruptcy, including servicing bankrupt borrowers.
8
Credit Litigation based on credit reporting and other credit issues.
3
Discrimination Class actions and suits related to lending discrimination involving minorities, neighborhoods and property types.
2
Down Payment Assistance Cases about the legality of DPA programs and HUD’s ability to prohibit them.
1
Employment Employment lawsuits involving overtime, employment discrimination and employment contracts. Whistleblowers and WARN notice violations cases also.
6
Fees Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums.
2
Foreclosures Servicer-related litigation, foreclosure lawsuits and cases against foreclosure rescue services.
9
Fraud Cases involving mortgage fraud, flipping, identity theft and inflated appraisals.
3
Investor Shareholder lawsuits and class actions accusing companies of inflating earnings, overstating capital position or otherwise deceiving investors in the company. Other shareholder issues.
9
Licenses Regulator lawsuits against improperly licensed and unlicensed mortgage companies.
1
Net Branch Litigation involving net branch operations.
1
RESPA Litigation involving alleged violations of the Real Estate Settlement Procedures Act.
1
Secondary Marketing Cases related to secondary marketing, warehouse lending and repurchases.
9
Servicing Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure.
6
Technology Lending technology issues litigated.
1
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