Mortgage Daily

Published On: August 24, 2009
Criminal Complaints
Second Quarter 2009 Mortgage Litigation Report
Cases involving criminal complaints.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to StoryLink to Story
Colin Connelly U.S. Attorney’s Office for the Eastern District of Virginia n.a. $377,000 18-month prison sentence for bogus foreclosure rescue scheme. n.a. n.a. n.a. oldmortgagedaily.com/ForeclosureRescue040809.asp
Countrywide Financial Corp. n.a. U.S. District Court for the Southern District of California in San Diego n/a Motion to dismiss denied in case alleging Countrywide steered borrowers into risky subprime mortgages in order to maximize profits. Violations of Racketeer Influenced and Corrupt Organizations Act alleged. In re Countrywide Financial Corp Mortgage Marketing and Sales Practices No. 08-MD-01988 [UNK] oldmortgagedaily.com/Lawsuits061109.asp
J. Thomas Talbot Securities and Exchange Commission U.S. District Court Central District of California $230,559 Executive profited from inside knowledge of LendingTree acquisition. U.S. Securities and Exchange Commission v. J. Thomas Talbot CV 04-04556 24-Jun-2004 oldmortgagedaily.com/Lawsuits042009.asp
Mark Turkcan n.a. n.a. $35,000,000 1-year sentence for former president of First Bank Mortgage. n.a. n.a. n.a. oldmortgagedaily.com/Lawsuits061109.asp
Steven Gordon U.S. Attorney for the Southern District of Florida U.S. District Court for the Southern District of Florida $2,800,000 36-month sentence for altering data on loan files that earned defendant higher commissions. n.a. n.a. n.a. oldmortgagedaily.com/Lawsuits051209.asp

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN