Defendant
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Plaintiff
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Court
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Amount
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Overview
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Case Title
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Provident Bank | Andrew Bednar | Maryland Court of Appeals | na | Maryland’s top state court rules against a Baltimore bank that agreed to waive closing costs on home equity lines-of-credit if the loans were held by the bank for three years, deciding that the waiver of fees was an illegal prepayment penalty because it was contingent on the loan being paid off early | Bednar v. Provident Bank |
Wachovia Equity Servicing; Residential Funding Co. LLC; Household Finance Corp. III | na | Circuit Court of Jackson County, Missouri | $5.1 million actual damages; $99 million in punitive damages | Missouri jury awards $99.0 million in punitive damages – with a Resdiential Funding Co. LLC to pay the lionshare amount of $92 million – over illegal second mortgage fees allegedly collected by now defunct broker Mortgage Capital Resources and then sold to Residential. There were 304 class members. | Mitchell v. Residential Funding, et al., |
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