Resource Center
Mortgages
Buying
Refinance
Selling

Resource Center

  1. Home
  2. Mortgage News
  3. Mortgage Discrimination Lawsuits Fourth Quarter 2008 Mortgage Litigation Report

Mortgage Discrimination Lawsuits Fourth Quarter 2008 Mortgage Litigation Report

Mortgage Daily

Published On: March 9, 2009
Mortgage Discrimination Lawsuits
Fourth Quarter 2008 Mortgage Litigation Report
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
Gateway Funding Diversified Mortgage Services LP and Gateway Funding Inc. Federal Trade Commission U.S. District Court For The Eastern District of Pennsylvania $2,900,000 A Pennsylvania-based net branch operation has settled charges that its originators earned bigger fees and yield spread premiums on loans to minorities, in violation of the Equal Credit Opportunity Act. However, All but $0.2 million of a $2.9 million judgment will be suspended due its financial condition. Federal Trade Commission v. Gateway Funding Diversified Mortgage Services, L.P. and Gateway Funding, Inc. FTC File No. 0623063 na www.mortgagedaily.com/GatewaySettlement121608.asp
Credit-Based Asset Servicing and Securitization LLC, Merrill Lynch Mortgage Investors Inc. and some officers and directors, as well as the issuers and underwriters of the certificates. Massachusetts Attorney General Martha Coakley Suffolk Superior Court na A preliminary injunction against Option One Mortgage Corp. prohibits the company from initiating or advancing foreclosures on any of the 9,700 loans in the state that are considered presumptively unfair. Commonwealth of Massachusetts v. H&R Block Inc. No. 1:08-cv-11225 na www.mortgagedaily.com/ForeclosureMitigation111208.asp

 

Popular Posts

Sign Up For Our Newsletter

Learn how to navigate the complicated world of mortgages, and more. Don’t worry, no spam, just tips & tricks!

Related Topics
Mortgage Refinance
Home Appraisal
VA Loans
FHA Loans
Reverse Mortgages
Buying a Home
Home Search
Closing Costs
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…

Read All Resources about "Enter Title Here"

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.
TOP SEARCHED TOPICS
Mortgage Process
Mortgage Types
Mortgage Rates
Mortgage Lenders
How to Refinance
Refinance Rates
Refinance Types
Find a Home
Sell Your Home
Presell Preperation

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.
Get Started

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN