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Mortgage Discrimination Lawsuits Third-Quarter 2011 Mortgage Litigation Index

Mortgage Daily

Published On: January 9, 2012
Mortgage Discrimination Lawsuits
Third-Quarter 2011 Mortgage Litigation Index
Class actions and lawsuits related to lending discrimination involving minorities, neighborhoods and property types.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to StoryLink to Story
Whitney National Bank; Sugar Sands Estates, LLC; Karen Fitzpatrick; Daniel J. Fitzpatrick; Greg A. Osland; Diane M. Osland; Banktrust; Florida Community Services Corp. of Walton County Leo C. Chen; Ho N. Lin; Stephanie Lin District Court of Appeal of Florida, First District n/a The court of appeals reversed a judgment against the Lins because the bank allegedly violated the Equal Credit Opportunity Act by discriminating against them based on their marital status. The Lins alleged that although Ho Lin qualified on his own, defendants forced Mrs. Lin to execute a guaranty on the commercial real estate note. Chen v. Whitney National Bank LLC 1D10-5718 7/22/2011 (opinion filed) www.mortgagedaily.com/LitigationCompliance081711.asp
Wells Fargo Bank, N.A.; Wells Fargo Financial of Tennessee, Inc.; Wells Fargo Financial Tennessee I, LLC City of Memphis; Shelby County U.S. District Court for the Western District of Tennessee n/a Settlement talks started in hopes of resolving a lawsuit that the city filed against the company’s local lending practices. The suit alleges that “unlawful, irresponsible, unfair, deceptive and discriminatory” lending practices by Wells Fargo violated the Fair Housing Act. City of Memphis, et al. v. Wells Fargo Bank, N.A., et al. 2:2009cv02857 12/30/2009 www.mortgagedaily.com/MctLawsuitWellsMemphis083011.asp
AH Mortgage Acquisition Co. d/b/a American Home Mortgage Servicing Inc.; Block Financial Corp., H&R Block Mortgage Corp.; H& Block, Inc.; Option One Mortgage Corp. Commonwealth of Massachusetts U.S. District Court of Massachusetts $124,800,000 A $125 million settlement was reached by Option One Mortgage Corp. resolving claims of unfair and discriminatory lending practices. Commonwealth of Massachusetts v. H&R Block, Inc. et al. 1:2008cv11225 7/18/2008 www.mortgagedaily.com/MctSettlementSandCanyon080911.asp

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