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Down Payment Assistance Lawsuits Third Quarter 2009 Mortgage Litigation Report

Mortgage Daily

Published On: November 16, 2009
Down Payment Assistance Lawsuits
Third Quarter 2009 Mortgage Litigation Report

Cases about the legality of DPA programs and HUD’s ability to prohibit them.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to StoryLink to Story
Beazer Homes USA Inc. n/a U.S. District Court for Northern District of Georgia $53,000,000 Beazer Homes USA Inc. agreed to settle in conjunction with a Deferred Prosecution Agreement under which the Department of Justice agreed not to prosecute the company. Employees of Beazer Mortgage allegedly committed mortgage fraud on loans, charged discount points without reducing interest rates, and ignored state-income requirements. In re Beazer Homes USA, Inc. 07-725 n/a www.mortgagedaily.com/SettlementBeazer070109.asp

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