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Mortgage Discrimination Lawsuits First-Quarter 2010 Mortgage Litigation Index

Mortgage Discrimination Lawsuits
First-Quarter 2010 Mortgage Litigation Index

Class actions and lawsuits related to lending discrimination involving minorities, neighborhoods and property types.

Defendant	Plaintiff	Court	Amount	Overview	Court	Case Number	Date Filed	Link to StoryLink to Story
AIG Federal Savings Bank and Wilmington Finance Inc.	United States of America	U.S. District Court for the District of Delaware	$7,100,000	The government essentially settled with itself over alleged discriminatory practices by mortgage brokers on loans closed and funded through defunct subprime wholesaler. The government owns 80% of AIG.	USA v. AIG	Case No. 1:99-mc-09999	March 4, 2010	www.mortgagedaily.com/AigSettlement030510.asp
Wells Fargo Bank, N.A., Wells Fargo Financial Leasing, Inc.	Mayor and City Council of Baltimore	U.S. District Court for the District of Maryland	na	City alleges that predatory/discriminatory lending practices led to foreclosures that harm the City based on Fair Housing Act violations. District Court granted motion to dismiss complaint with leave to amend.	Mayor and City Council of Baltimore v. Wells Fargo Bank, N.A.	No. JFM-1:08-cv-00062	January 8, 2010	www.mortgagedaily.com/LitigationCompliance032910.asp, www.mortgagedaily.com/WellsDismissal010610.asp

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Mortgage Discrimination Lawsuits First-Quarter 2010 Mortgage Litigation Index

Popular posts

7 Refinance Strategies

How to Refinance or Obtain a Mortgage With No Closing Costs

Is Refinancing With Your Present Lender Preferable?

How to Shop for and Compare Refinancing Rates: Seven Stages

Reduce Your Mortgage Payment Without Refinancing by Recasting Your Mortgage

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