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Mortgage Fee Lawsuits Second-Quarter 2010 Mortgage Litigation Index

Mortgage Fee Lawsuits
First-Quarter 2012 Mortgage Litigation Index
Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Date of Activity Link to Story
Federal Housing Finance Agency, et al Genesee County, et al U.S. District Court for the Eastern District of Michigan na Case certified as a class action. Genesee County, et al., vs. Federal Housing Finance Agency, et al 2:11-cv-14971-DPH-MJH 11/10/2011 1/3/2012 oldmortgagedaily.com/LitigationFees032112.asp
MERSCORP Inc. Dallas County, Texas U.S. District Court for the Northern District of Texas na An amended scheduling order granted. DALLAS COUNTY, TEXAS, HARRIS COUNTY, TEXAS, AND BRAZORIA COUNTY, TEXAS ON BEHALF OF THEMSELVES AND ALL OTHER SIMILARLY SITUATED COUNTIES IN TEXAS, Plaintiffs, v. MERSCORP, INC.; MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC.; STEWART TITLE GUARANTY COMPANY; STEWART TITLE COMPANY; BANK OF AMERICA, NATIONAL ASSOCIATION; and ASPIRE FINANCIAL, INC. d/b/a TEXASLENDING.COM, Defendants 3:11-cv-02733-O 10/14/2011 3/21/2012 oldmortgagedaily.com/LitigationFees032112.asp
Mortgage Electronic Registration Systems Inc. Christian County Clerk, by and through its County Clerk, Michael Kem; et.al U.S. District Court for the Western District of Kentucky na Court dismissed case with prejudice on 2.21, appeal filed 3.2.. Christian County Clerk, by and through its County Clerk, Michael Kem; et.al. vs. Mortgage Electronic Registration Systems Inc.; et al 5:11-cv-00072-JHM 4/25/2011 3/2/2012 oldmortgagedaily.com/LitigationFees061712.asp
oldmortgagedaily.com/MctLawsuitMersKy042812.asp
oldmortgagedaily.com/LitigationFees032112.asp
Wells Fargo & Co. and JPMorgan Chase & Co.  borrowers na $1,000,000,000 Complaint filed. Plaintiffs alleg that defendants illegally levied excessive and deceptive default service fees against hundreds of thousands delinquent borrowers. na na 2/10/2012 2/10/2012 oldmortgagedaily.com/LitigationFees032112.asp
JPMorgan Chase Bank, N.A.; Chase Home Finance LLC; EMC Mortgage Corp.; Bank of America, N.A.; BAC Home Loans Servicing LP; Wells Fargo Bank, N.A.; Wells Fargo Home Mortgage Inc.; MERSCORP Inc.; and Mortgage Electronic Registration Systems Inc. The People of the State of New York Supreme Court of the State of New York, Kings County na Complaint filed. The People of the State of New York, by Eric T. Schneiderman, Attorney General of the State of New York, Plaintiffs, -against- JPMorgan Chase Bank, N.A.; Chase Home Finance LLC; EMC Mortgage Corp.; Bank of America, N.A.; BAC Home Loans Servicing LP; Wells Fargo Bank, N.A.; Wells Fargo Home Mortgage Inc.; MERSCORP Inc.; and Mortgage Electronic Registration Systems Inc., Defendants na 2/3/12 2/3/2012 oldmortgagedaily.com/LawsuitNyAg020312.asp
FEDERAL HOUSING FINANCE AGENCY, FEDERAL NATIONAL MORTGAGE ASSOCIATION, FEDERAL HOME LOAN MORTGAGE COMPANY Oakland County, et al U.S. District Court for the Eastern District of Michigan na Plaintiffs claimed that Fannie and Freddie are private corporations and not federal entities, and their federal statutory exemptions from certain taxes do not include the transfer taxes. A summary judgment in favor of the plaintiffs was granted. OAKLAND COUNTY, ET AL., Plaintiffs, v. FEDERAL HOUSING FINANCE AGENCY AS CONSERVATOR FOR FEDERAL NATIONAL MORTGAGE ASSOCIATION AND FEDERAL HOME LOAN MORTGAGE COMPANY; FEDERAL NATIONAL MORTGAGE ASSOCIATION; AND FEDERAL HOME LOAN MORTGAGE COMPANY, Defendants 11-12666 6/20/2011 3/23/2012 oldmortgagedaily.com/LawsuitFhfaMichigan032612.asp
MERS  Guilford County Register of Deeds na Complaint filed. na na 3/13/2012 3/13/2012 oldmortgagedaily.com/LitigationTitle031712.asp
Chase Victor Bibby, Brian Donnelly U.S. District Court for the Northern District of Georgia $45,000,000 Settlement reached. na na na Feb. 2012 oldmortgagedaily.com/Whistleblowers031412.asp
Michael Pohl, Rancho Santa Fe Mortgage, First California Bank, JP Morgan Chase Barton Superior Court of California, County of San Diego, Central Division $450,000 Lawsuit filed. Barton v. Michael Pohl, Rancho Santa Fe Mortgage, First California Bank and JP Morgan Chase 38-2012-00094774-CU-MC-CTL 26-Mar 3/26/2012 oldmortgagedaily.com/LitigationCompliance061112.asp
Quicken Loans Inc. Freeman U.S. Court of Appeals for the Fifth Circuit na Appeals court upheld decision in favor of defendant. Freeman v. Quicken Loans na na Mar. 2012 oldmortgagedaily.com/LitigationFees032112.asp
Richard D. Meisinger na na na Charges filed. na na na 3/23/2012 oldmortgagedaily.com/LitigationCriminal052112.asp

 

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