Mortgage Daily Logo
mortgage news from industry experts

Third-Quarter 2012 Mortgage Litigation Index

Mortgage Discrimination Lawsuits

Third-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, N.A. United States of America U.S. District Court for the District of North Carolina  na Setllement reached. na na na 9/13/2012 www.mortgagedaily.com/SettlementBoa091412.asp
Luther Burbank Savings United States of America U.S. District Court for the Central District of California $2,000,000 Settlement reached. na na 9/12/2012 9/12/2012 www.mortgagedaily.com/SettlementDiscriminationWholesaler091212.asp
Option One Mortgage Corp. na U.S. District Court of Massachusetts na Class action de-certified in light of WalMart decision. Barrett, et al. v. Option One Mortgage Corp. et al 1:08-cv-10157-RWZ na 9/18/2012 www.mortgagedaily.com/LitigationDiscrimination100812.asp
Sand Canyon fka Option One Mortgage Corp. State of Massachusetts na $1,750,000 Settlement distribution made. na na na 8/24/2012 www.mortgagedaily.com/LitigationDiscrimination100812.asp
Wells Fargo Pennsylvania Human Relations Commission na na Settlement reached. na na 7/2/1905 7/12/2012 www.mortgagedaily.com/ClosingWellsFargoWholesale071212.asp
Wells Fargo & Co. State of Illinois Circuit Court of Cook County, Illinois, County Department, Chancery Division Settlement reached. Illinois v. Wells Fargo & Co. et al. 09CH26434 7/31/2009 7/12/2012 www.mortgagedaily.com/ClosingWellsFargoWholesale071212.asp
Wells Fargo Bank, N.A. Mayor and City Council of Baltimore U.S. District Court for the District of Maryland $7,500,000 Settlement reached. Mayor and City Council of Baltimore v. Wells Fargo Bank, N.A. 08-00062-BEL na 7/12/2012 www.mortgagedaily.com/ClosingWellsFargoWholesale071212.asp
Wells Fargo Bank, N.A. Ohio Civil Rights Commission U.S. District Court for the Northern District of Ohio na Status conference held. Ohio Civil Rights Commission v. Wells Fargo Bank, N.A. 1:11-cv-00623 3/25/2011 9/5/2012 www.mortgagedaily.com/LitigationDiscrimination100812.asp
Wells Fargo Bank, N.A. United States of America U.S. District Court for the District of Columbia $175,000,000 Settlement reached. United States of America, Plaintiff, v. Wells Fargo Bank, N.A., Defendant 1:12-cv-01150 7/12/2012 7/12/2012 www.mortgagedaily.com/ClosingWellsFargoWholesale071212.asp
Provident Funding Associates LP Jody L. Moore Pennsylvania Western District Court na Rule 26(f) report filed. Jody L. Moore v. Provident Funding Associates LP 2:2012-cv-00888 6/27/2012 9/18/2012 www.mortgagedaily.com/LitigationDiscrimination100812.asp
Wells Fargo Yovany Gonzalez Palm Beach County Circuit Court na Complaint filed. na na August August www.mortgagedaily.com/MctLawsuitWells081712.asp
GFI Mortgage Bankers United States of America U.S. District Court for the Southern District of New York $3,000,000 Settlement reached. United States of America, Plaintiff, -v.- GFI Mortgage Bankers Inc., Defendant 1:12-cv-02502-KBF 8/28/2012 www.mortgagedaily.com/SettlementGfiDiscrimination082812.asp
Land Home Financial Services Department of Housing and Urban Development na $20,000 Settlement reached. na na na 9/7/2012 www.mortgagedaily.com/SettlementMaternity090712.asp

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION