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Mortgage Discrimination Lawsuits First-Quarter 2010 Mortgage Litigation Index

Mortgage Discrimination Lawsuits
First-Quarter 2010 Mortgage Litigation Index
Class actions and lawsuits related to lending discrimination involving minorities, neighborhoods and property types.

Defendant
Plaintiff
Court
Amount
Overview
Court
Case Number
Date Filed Link to StoryLink to Story
AIG Federal Savings Bank and Wilmington Finance Inc. United States of America U.S. District Court for the District of Delaware $7,100,000 The government essentially settled with itself over alleged discriminatory practices by mortgage brokers on loans closed and funded through defunct subprime wholesaler. The government owns 80% of AIG. USA v. AIG Case No. 1:99-mc-09999 March 4, 2010 www.mortgagedaily.com/AigSettlement030510.asp
Wells Fargo Bank, N.A., Wells Fargo Financial Leasing, Inc. Mayor and City Council of Baltimore U.S. District Court for the District of Maryland na City alleges that predatory/discriminatory lending practices led to foreclosures that harm the City based on Fair Housing Act violations. District Court granted motion to dismiss complaint with leave to amend. Mayor and City Council of Baltimore v. Wells Fargo Bank, N.A. No. JFM-1:08-cv-00062 January 8, 2010 www.mortgagedaily.com/LitigationCompliance032910.aspwww.mortgagedaily.com/WellsDismissal010610.asp

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