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Second-Quarter 2012 Mortgage Litigation Index

Mortgage Discrimination Lawsuits

Second-Quarter 2012 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 Date of Activity Link to Story
Bank of America Corp. Department of Housing and Urban Development na $161,180 Settlement reached. na na na 6/8/2012 www.mortgagedaily.com/SettlementBoa060812.asp
Home Loan Center Inc. Department of Housing and Urban Development na $15,000 Settlement reached over maternity leave discrimination. na na na 4/5/2012 www.mortgagedaily.com/SettlementBoa060812.aspwww.mortgagedaily.com/LitigationFairLending060412.aspwww.mortgagedaily.com/SettlementHudMaternity040512.asp
Magna Bank Department of Housing and Urban Development na $14,085 Settlement reached over maternity leave discrimination. na na na 4/5/2012 www.mortgagedaily.com/SettlementBoa060812.aspwww.mortgagedaily.com/LitigationFairLending060412.aspwww.mortgagedaily.com/SettlementHudMaternity040512.asp
Wells Fargo & Co. City of Memphis, Tenn., and Shelby County, Tenn. U.S. District Court for the Western District of Tennessee $7,500,000 Settlement reached. City of Memphis v. Wells Fargo Bank N.A. 2:09-cv-02857-dkv na 5/30/2012 www.mortgagedaily.com/WellsSettlementMemphis053012.asp, www.mortgagedaily.com/LitigationFairLending060412.aspwww.mortgagedaily.com/MctSettlementWellsMemphis052912.asp
Wells Fargo & Co. United States of America na na Department of Justice investigation opened. na na na Q2 www.mortgagedaily.com/WellsInvestigation050812.asp
Provident Funding Associates LP Jody L. Moore U.S. District Court for the Western District of Pennsylvania na Complaint filed. Jody L. Moore v. Provident Funding Associates LP 2:2012-cv-00888 6/27/2012 6/27/2012 www.mortgagedaily.com/LitigationDiscrimination100812.asp
GFI Mortgage Bankers United States of America U.S. District Court for the Southern District of New York $3,000,000 Complaint filed alleging violations of Fair Housing Act and Equal Credit Opportunity Act. United States of America, Plaintiff, -v.- GFI Mortgage Bankers Inc., Defendant 1:12-cv-02502-KBF 4/2/2012 4/2/2012 www.mortgagedaily.com/LawsuitGfiDiscrimination040312.asp
MGIC Investment Corp., Mortgage Guaranty Insurance Corp. Department of Housing and Urban Development U.S. District Court for the Western District of Pennsylvania $540,000 Settlement reached over maternity leave discrimination. UNITED STATES OF AMERICA v. MORTGAGE GUARANTY INSURANCE CORP. et al 2:11-cv-00882-RCM 7/5/2011 4/30/2012 www.mortgagedaily.com/SettlementMgic050112.aspwww.mortgagedaily.com/SettlementBoa060812.aspwww.mortgagedaily.com/LitigationFairLending060412.asp
Mortgage Guaranty Insurance Corp. Carly F. Neals U.S. District Court for the Western District of Pennsylvania $42,500 Potential settlement disclosed. NEALS v. MORTGAGE GUARANTEE INSURANCE CORPORATION 2:10-cv-01291-DSC-RCM 10/1/2010 4/30/2012 www.mortgagedaily.com/SettlementMgic050112.asp
Mount Holly Gardens Citizens in Action, Inc. Mount Holly, N.J. U.S. Supreme Court na Petition for certiorari filed. Mount Holly v. Mount Holly Gardens Citizens in Action, Inc. na June 6/25/2012 www.mortgagedaily.com/ComplianceLawsuits2q2012.asp
SunTrust Mortgage Inc. United States of America U.S. District Court for the Eastern District of Virginia $21,000,000 Settlement reached. United States of America, Plaintiff, v. SunTrust Mortgage Inc., Defendant 3:12-cv-00397-REP 5/31/2012 www.mortgagedaily.com/LitigationFairLending060412.aspwww.mortgagedaily.com/MctSettlementSuntrust060112.asp

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