|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
Case Number
|
Date Filed |
Date of Activity |
Link to Story |
| CoreLogic Valuation Service as successor company to eAppraiseIT |
Federal Deposit Insurance Corp. on behalf of WaMu |
U.S. District Court for the Central District of California |
$129,000,000 |
Four of six claims dismissed. |
na |
na |
5/9/2011 |
Nov. 2011 |
www.mortgagedaily.com/LitigationAppraisal021312.asp |
| Lender Processing Services Inc. |
Federal Deposit Insurance Corp. on behalf of WaMu |
U.S. District Court for the Central District of California |
$154,529,000 |
Order issued by judge limiting the FDIC’s claims to breach of the contract and granting LPS’ motion to dismiss the regulator’s claims of gross negligence, single business enterprise and joint venture claims. |
na |
na |
5/10/2011 |
11/2/2011 |
www.mortgagedaily.com/LitigationAppraisal021312.asp, www.mortgagedaily.com/MctLawsuitLps110611.asp |
| State of Nevada |
Integrated Financial Associates Inc. |
U.S. Bankruptcy Court for Nevada |
$46,000,000 |
Defendant asked for an injunction prohibiting the state from failing to renew IFA’s mortgage broker license. |
na |
na |
3/14/2011 |
11/22/2011 |
www.mortgagedaily.com/MctLawsuitIntegrated112311.asp |
| Ebrahim Shabudin, Thomas Yu |
na |
na |
na |
Defendants indicted in connection with United Commercial Bank’s failure by conspiring to commit securities fraud, falsifying corporate books and records, and lying to auditors |
na |
na |
na |
na |
www.mortgagedaily.com/LitigationCriminal103111.asp |
| Fannie Mae |
California Attorney General Kamala D. Harris |
San Francisco County Superior Court |
na |
Lawsuit filed seeking answers about defendants’ role in California’s housing meltdown. But, federal officials say it’s against the law to issue subpoenas to the two companies according to the HERA of 2008. |
na |
na |
12/20/2011 |
na |
www.mortgagedaily.com/MctLawsuitCalifGses122111.asp, www.mortgagedaily.com/MctGseSubpoenas111711.asp |
| Freddie Mac |
California Attorney General Kamala D. Harris |
San Francisco County Superior Court |
na |
Lawsuit filed seeking answers about defendants’ role in California’s housing meltdown. But, federal officials say it’s against the law to issue subpoenas to the two companies according to the HERA of 2008. |
na |
na |
12/20/2011 |
na |
www.mortgagedaily.com/MctLawsuitCalifGses122111.asp, www.mortgagedaily.com/MctGseSubpoenas111711.asp |
| Mortgage Connection Inc. |
Minnesota Commerce Commissioner Mike Rothman |
na |
$132,000 |
Consent order issued. |
na |
na |
na |
Dec. 2011 |
www.mortgagedaily.com/LitigationForeclosureFirms011612.asp |
| City of Chicago |
Federal Housing Finance Agency |
U.S. District Court for the Northern District of Illinois |
na |
Complaint filed alleging Defendant passed an ordinance that requires mortgage servicers to maintain vacant properties — even before the foreclosure process has completed. Plaintiff is suing to prevent enforcement of the ordinance. |
FEDERAL HOUSING FINANCE AGENCY, On its Own Behalf and as Conservator of Fannie Mae and Freddie Mac, Plaintiff, v. CITY OF CHICAGO, a municipal corporation, Defendant |
1:11-cv-08795 |
12/12/2011 |
na |
www.mortgagedaily.com/LawsuitFhfaChicago121211.asp |
| Ally Financial Inc. |
Federal Housing Finance Agency |
U.S. District Court, Southern District of New York |
na |
Case moved to federal court. |
Federal Housing Finance Agency, et al, Plaintiff, -against- Ally Financial Inc., et al |
na |
9/2/2011 |
Oct. 2011 |
www.mortgagedaily.com/LitigationMbs102511.asp |
| Countrywide Financial Corp. |
Federal Housing Finance Agency |
U.S. District Court, Southern District of New York (originally filed in Supreme Court of the State of New York County of New York) |
na |
Plaintiff claims that defendant improperly moved suit from state to federal court as part of a strategy to have the case transferred to multidistrict litigation case in California. Plaintiff moved to have the case remanded to state court. |
FEDERAL HOUSING FINANCE AGENCY, AS CONSERVATOR FOR THE FEDERAL NATIONAL MORTGAGE ASSOCIATION AND THE FEDERAL HOME LOAN MORTGAGE CORPORATION, Plaintiff, -against- COUNTRYWIDE FINANCIAL CORPORATION; COUNTRYWIDE HOME LOANS, INC.; COUNTRYWIDE CAPITAL MARKETS, LLC; COUNTRYWIDE SECURITIES CORPORATION; CWALT INC.; CWABS, INC.; CWMBS, INC; BANK OF AMERICA CORPORATION; BANK OF AMERICA, N.A.; NB HOLDINGS CORPORATION; BANC OF AMERICA SECURITIES LLC; CITIGROUP GLOBAL MARKETS, INC.; DEUTSCHE BANK SECURITIES INC.; RBS SECURITIES, INC. (f/k/a GREENWICH CAPITAL MARKETS, INC.); UBS SECURITIES, LLC; N. JOSHUA ADLER; THOMAS H. BOONE; JEFFREY P. GROGIN; RANJIT KRIPALANI; STANFORD KURLAND; THOMAS KEITH MCLAUGHLIN; JENNIFER S. SANDEFUR; ERIC SIERACKI; DAVID A. SPECTOR; Defendants |
11cv6916 |
9/2/2011 |
10/19/2011 |
www.mortgagedaily.com/LitigationMbs102511.asp”>www.mortgagedaily.com/LitigationMbs102511.asp |
| Daniel H. Mudd, Enrico Dallavecchia, and Thomas A. Lund |
Securities and Exchange Commission |
U.S. District Court for the Southern District of New York |
na |
Defendants allegedly misstated their subprime mortgage holdings in public filings, investor calls and media interviews, in addition to masking the degree of Alt-A exposure. Plaintiff is seeking financial penalties and for the executives to return ill-gotten gains. A permanent injunction is also sought barring the defendants from being an officer or director of a publicly traded company registered under Section 12 of the Securities and Exchange Act of 1934. |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff,-v. DANIEL H. MUDD, ENRICO DALLAVECCHIA, and THOMAS A. LUND, Defendants |
11 CIV 9202 |
12/18/2011 |
na |
www.mortgagedaily.com/LawsuitSecGseExecs121611.asp |
| General Electric Co. |
Federal Housing Finance Agency |
U.S. District Court, Southern District of New York |
na |
Case moved to federal court. |
Federal Housing Finance Agency, et al, Plaintiff, -against- General Electric Company, et al |
na |
9/2/2011 |
Oct. 2011 |
www.mortgagedaily.com/LitigationMbs102511.asp |
| Morgan Stanley |
Federal Housing Finance Agency |
U.S. District Court, Southern District of New York |
na |
Case moved to federal court. |
Federal Housing Finance Agency, et al, Plaintiff, -against- Morgan Stanley, et al |
na |
9/2/2011 |
Oct. 2011 |
www.mortgagedaily.com/LitigationMbs102511.asp |
| Richard F. Syron, Patricia L. Cook, and Donald J. Bisenius |
Securities and Exchange Commission |
U.S. District Court for the Southern District of New York |
na |
Defendants allegedly misstated their subprime mortgage holdings in public filings, investor calls and media interviews. Plaintiff is seeking financial penalties and for the executives to return ill-gotten gains. A permanent injunction is also sought barring the defendants from being an officer or director of a publicly traded company registered under Section 12 of the Securities and Exchange Act of 1934. |
U.S. SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. RICHARD F. SYRON, PATRICIA L. COOK, and DONALD J. BISENIUS, Defendants |
11 CIV 9201 |
12/18/2011 |
na |
www.mortgagedaily.com/LawsuitSecGseExecs121611.asp |
| Old Republic Insurance Co. |
Federal Deposit Insurance Corp. on behalf of AmTrust Bank |
U.S. District Court for the Northern District of Ohio |
$46,000,000 |
Several motions filed |
Federal Deposit Insurance Corporation, as Receiver of AmTrust Bank v. Old Republic Insurance Company |
1:11-cv-00371-JG |
2/11/2011 |
Nov. 2011 |
www.mortgagedaily.com/LitigationMI122911.asp |
| Arizona Department of Insurance |
The PMI Group Inc. |
Arizona Superior Court, Maricopa County |
na |
PMI seeks reversal of seizure by Arizona Department of Insurance. |
State of Arizona v. PMI Mortgage Insurance Co. |
CV2011-018944 |
na |
10/28/2011 |
www.mortgagedaily.com/Closings111111.asp |
