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Mortgage Fee Lawsuits First Quarter 2009 Mortgage Litigation Report

Mortgage Fee Lawsuits
First Quarter 2009 Mortgage Litigation Report
Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
Countrywide Financial Corp., Countrywide Home Loans Inc., Countrywide Bank, ABC Corporations 1-10 and John Does 1-10 Lead Plaintiff Michael Fourte and thousands class members indcluding U.S. service members who were called to active duty but denied a rate reduction by Countrywide U.S. District Court for the District of New Jersey In excess of $5 million A class action lawsuit claims Countrywide Financial Corp. violated federal law after it didn’t lower the interest rate on a mortgage when the borrower was called to active duty. Fourte v. Countrywide Financial Corp. No. 2:07-cv-01363-PGS-ES Mar. 25, 2007 oldmortgagedaily.com/LawsuitCountrywide011309.asp

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