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Mortgage Discrimination Lawsuits First Quarter 2009 Mortgage Litigation Report

Mortgage Daily

Published On: May 26, 2009
Mortgage Discrimination Lawsuits
First Quarter 2009 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
Wells Fargo Bank, N.A., and Wells Fargo Home Mortgage, Inc. National Association for the Advancement of Colored People (NAACP) U.S. District Court for the Central District of California na The lender’s subprime lending operations allegedly engaged in systematic, institutionalized racism. NAACP v. Wells Fargo Bank, N.A. SACV 07-0794 Mar. 2009 www.mortgagedaily.com/LawsuitsNaacp031309.asp
HSBC Mortgage Corporation (USA), and HSBC Bank USA, N.A. National Association for the Advancement of Colored People (NAACP) U.S. District Court for the Central District of California na The lender’s subprime lending operations allegedly engaged in systematic, institutionalized racism. NAACP v. HSBC Mortgage Corp. SACV 07-0794 Mar. 2009 www.mortgagedaily.com/LawsuitsNaacp031309.asp
U.S. Capital Funding LLC State of New York, Attorney General na na A state investigation also found discriminatory practices at U.S. Capital, but the company refused to provide restitution to more than 100 minority borrowers — prompting a lawsuit by the attorney general. na na na www.mortgagedaily.com/NyBrokerActions010509.asp
HCI Mortgage State of New York, Attorney General and Department of Banking na 332500 Minorities were allegedly charged thousands of dollars more in fees. na na na www.mortgagedaily.com/NyBrokerActions010509.asp
Consumer One Mortgage State of New York, Attorney General and Department of Banking na 332500 Minorities were allegedly charged thousands of dollars more in fees. na na na www.mortgagedaily.com/NyBrokerActions010509.asp

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