|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
Case Number
|
Date Filed |
Date of Activity |
Link to Story |
| U.S. Department of Housing and Urban Development |
Bennett |
U.S. Court of Appeals for the District of Columbia |
na |
Ruled that the case may proceed. |
Bennett v. Donovan |
11-5288 |
|
1/4/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
| FEDERAL DEPOSIT INSURANCE CORPORATION |
MBIA INSURANCE CORPORATION |
U.S. Court of Appeals, District of Columbia Circuit |
na |
Lower court decision in favor of defendant upheld on appeal. |
MBIA INSURANCE CORPORATION, Appellant v. FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity and as conservator and receiver of IndyMac Federal Bank, F.S.B., Appellee |
11-5317; 708 F.3d 234 (2013) |
na |
3/8/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
| Federal Deposit Insurance Corporation |
Bank Of America, N. A. |
U.S. District Court, District of Columbia |
na |
Motion filed by plaintiff asking for clarification of the court’s Dec. 10, 2012. |
BANK OF AMERICA, N. A., As Indenture Trustee, Custodian, and Collateral Agent for OCALA FUNDING, LLC, Plaintiff and Counterclaim Defendant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, in its capacity as the Receiver for COLONIAL BANK, and in its capacity as the Receiver for PLATINUM COMMUNITY BANK, Defendant and Counterclaim Plaintiff. |
10-CV-1681 (BJR) |
10/1/2010 |
2/5/2013 |
www.mortgagedaily.com/LitigationBkCorp021813.asp |
| HOMESTAR MORTGAGE SERVICES; HSBC BANK USA; DANA CAPITAL GROUP, INC.; THE CIT GROUP CONSUMER FINANCE, INC.; MERCURY MORTGAGE PARTNERS |
DANIEL R. SHERZER; GERALDINE SHERZER, Appellants |
U.S. Court of Appeals for the Third Circuit, U.S. District Court for the Eastern District of Pennsylvania |
$876,000 |
Judgment in favor of defendants overturned on appeal. |
DANIEL R. SHERZER; GERALDINE SHERZER, Appellants v. HOMESTAR MORTGAGE SERVICES; HSBC BANK USA; DANA CAPITAL GROUP, INC.; THE CIT GROUP CONSUMER FINANCE, INC.; MERCURY MORTGAGE PARTNERS |
11-4254, district court Case No. 07-cv-05040 |
11/30/2007 |
2/5/2013 |
www.mortgagedaily.com/LawsuitRescission020613.asp |
| NATIONAL LABOR RELATIONS BOARD, RESPONDENT INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 760, INTERVENOR |
NOEL CANNING, A DIVISION OF THE NOEL CORPORATION |
U.S. Court of Appeals for the District of Columbia |
na |
Recess appointments ruled unconstitutional. |
NOEL CANNING, A DIVISION OF THE NOEL CORPORATION, PETITIONER v. NATIONAL LABOR RELATIONS BOARD, RESPONDENT INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 760, INTERVENOR |
12-1115 |
1/26/2013 |
1/26/2013 |
www.mortgagedaily.com/CfpbAppointmentRuling012513.asp |
| United States of America |
State National Bank of Big Spring, Texas; Competitive Enterprise Institute; 60 Plus Association; Michigan, Oklahoma; South Carolina; Alabama; Georgia; Kansas; Montana; Nebraska; Ohio; Texas; West Virginia |
U.S. District Court for the District of Columbia |
na |
Eight more states join lawsuit. |
na |
na |
June 2012 |
2/13/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
| Edward J. Woodard Jr., Simon Hounslow, Stephen G. Fields, Troy Brandon Woodard, Thomas E. Arney, Dwight A. Etheridge, Eric H. Menden, George P. Hranowskyj, Natallia Green, Maria Pukhova, Jeremy C. Churchill, Recardo S. Lewis |
United States of America |
U.S. District Court for the Eastern District of Virginia |
$268,000,000 |
Trial held in Bank of the Commonwealth case.. |
In re. Bank of Commonwealth |
na |
March 2012 |
Mar. 2013 |
www.mortgagedaily.com/MctTrialTBrandonWoodard032913.asp,
www.mortgagedaily.com/MctLawsuitCommonwealth052413.asp |
| Missouri Department of Insurance, Financial Institutions & Professional Registration, Division of Finance, Appellant |
Roy Garozzo, Respondent |
Supreme Court of Missouri, Circuit Court of St. Louis County |
na |
State circuit court order issue mortgage license to applicant with felony record reversed. |
Roy Garozzo, Respondent, vs. Missouri Department of Insurance, Financial Institutions & Professional Registration, Division of Finance, Appellant |
SC92152 |
na |
1/29/2013 |
www.mortgagedaily.com/AppealMoLicense013013.asp |
| Fannie Mae, Freddie Mac |
City of Spokane |
U.S. Distict Court for the Eastern District of Washington |
$4,000,000 |
Complaing filed. |
na |
na |
Jan. 2013 |
Jan. 2013 |
www.mortgagedaily.com/MctLawsuitGseFees011113.asp |
| Aurora |
Office of the Comptroller of the Currency, Federal Reserve |
na |
$8,500,000,000 |
Settlement reached to resolve foreclosure reviews required from consent orders. Total for all 10 servicers. |
na |
na |
na |
16-Jan |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| Bank of America |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| Citibank |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| GMAC Mortgage |
Office of the Comptroller of the Currency, Federal Reserve |
na |
$8,500,000,000 |
Settlement reached to resolve foreclosure reviews required from consent orders. Total for all 10 servicers. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| Goldman Sachs |
Office of the Comptroller of the Currency, Federal Reserve |
na |
$557,000,000 (total with Morgan Stanley) |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement011613.asp |
| HSBC |
Office of the Comptroller of the Currency, Federal Reserve |
na |
$249,000,000 |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/19/2013 |
www.mortgagedaily.com/ServicerSettlementHsbc011913.asp |
| JPMorgan Chase |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| MetLife Bank |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| Morgan Stanley |
Office of the Comptroller of the Currency, Federal Reserve |
na |
$557,000,000 |
Settlement reached to resolve foreclosure reviews required from consent orders. (total includes Goldman Sachs) |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement011613.asp |
| PNC |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| Sovereign |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| SunTrust |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| U.S. Bank |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| Wells Fargo |
Office of the Comptroller of the Currency, Federal Reserve |
na |
total of $8,500,000,000 for all servicer |
Settlement reached to resolve foreclosure reviews required from consent orders. |
na |
na |
na |
1/16/2013 |
www.mortgagedaily.com/ServicerSettlement010713.asp |
| Bank of America, JPMorgan Chase, UBS (15 total) |
Federal Housing Finance Agency |
Second US Circuit Court of Appeals, U.S. District Court for the Southern District of New York |
na |
Defendants in multiple lawsuits filed joint petition claiming that district court judge “systematically deprived” them of evidence to defend themselves, and issued rulings aimed at coercing settlements. Reversal of several decisions sought. |
na |
na |
2011 |
3/26/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
| Maiden Lane II |
American International Group Inc |
New York State Supreme Court in Manhattan |
na |
Complaint filed. |
American International Group Inc et al v. Maiden Lane II LLC |
650115/2013 |
1/11/2013 |
1/11/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
| Edward J. Woodard, Cynthia A. Sabol, Stephen G. Fields |
The Securities and Exchange Commission |
U.S. District Court for the Eastern District of Virginia |
na |
Plaintiff alleges Defendants made misrepresentations to investors. |
United States Securities and Exchange Commission, Plaintiff, v. Edward J. Woodard, Jr., Cynthia A. Sabol, and Stephen G. Fields, Defendants. |
2:13cv16 |
1/9/2013 |
1/9/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
| Rex Townsend, Barbara Kaye, Renzo Lucioni, Gary Winter, Bess Alpaugh, Carl Berg, Jeffrey Goller, Thomas Kilbane, Andrew Mueller, and Alice Tawresey |
Federal Deposit Insurance Corporation, as Receiver for American
Marine Bank |
U.S. District Court for the Western District of Washington |
$18,000,000 |
Complaint filed. |
Federal Deposit Insurance Corporation, as Receiver for American
Marine Bank, Plaintiff v. Rex Townsend, Barbara Kaye, Renzo Lucioni, Gary Winter, Bess Alpaugh, Carl Berg, Jeffrey Goller, Thomas Kilbane, Andrew Mueller, and Alice Tawresey, Defendants |
3:13–cv-05055 |
1/25/2013 |
1/25/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
| Robert Wertheim, R. Glenn Wertheim, John W. Brown, Ronald Brown, Paul Goblet, Joyce Godwin, Shirley Scott, Bruce Seligman, Stephen M. Walker, Andrew Feld |
Federal Deposit Insurance Corp. |
U.S. District Court for the District of New Mexico |
$8,000,000 |
Complaint filed against former Charter Bank executives over losses from bank’s failure. |
na |
na |
Jan. 2013 |
Jan. 2013 |
www.mortgagedaily.com/MctLawsuitCharter012013.asp |
| Walter J. Ng, Kelly W. Ng, Bruce A. Horwitz, The Mortgage Fund |
Securities and Exchange Commission |
U.S. District Court for the Northern District of California |
$39,000,000 |
Complaint filed. |
Securities and Exchange Commission v. Walter Ng, Kelly Ng, Bruce Horwitz, and The Mortgage Fund, LLC |
C-13 0895-NC |
2/28/2013 |
2/28/2013 |
www.mortgagedaily.com/RegulatoryLawsuits1q2013.asp |
