Mortgage Daily

Published On: June 23, 2010
Loan Commitment Litigation
First-Quarter 2010 Mortgage Litigation Index
Cases related to loan commitments.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
JPMorgan Chase & Co. Lenny K. Dykstra U.S. District Court for the Southern District of New York na Plaintiff alleges that bank made a loan to plaintiff knowing that plaintiff would be unable to repay the loan. Dykstra v. JPMorgan Chase & Co. No. 10-02413 March 17, 2010 oldmortgagedaily.com/LitigationCommitments032910.asp
The Senator, LLC Hoss Mortgage Investors, Inc. Washington Court of Appeals na The court reversed a lower court grant of summary judgment in favor of Senator. Senator sought loans from Hoss backed by three commercial properties owned by Senator. Upon failing to find investors to purchase securities backed by one of the three properties, Hoss did not fully fund the loans and Senator refused to perform under the Agreement in the absence of full funding of Hoss loan. Hoss Mortgage Investors, Inc. v. Senator LLC No. 37960-1-II March 1, 2010 oldmortgagedaily.com/LitigationCommitments032910.asp

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