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Third-Quarter 2012 Mortgage Litigation Index

MBS Lawsuits

Third-Quarter 2012 Mortgage Litigation Index

Lawsuits related to mortgage-backed securities.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Date of Activity Link to Story
Ally Financial Inc John Hancock Life Insurance Co. U.S. District Court for the District of Minnesota na Complaint filed.  na na na 7/27/2012 www.mortgagedaily.com/MctLawsuitHancockVsAlly073112.asp
Ally Financial Inc. & others Union Central Life Insurance Company na na Motion to commence limited discovery denied. THE UNION CENTRAL LIFE INSURANCE COMPANY, AMERITAS LIFE INSURANCE CORP., and ACACIA LIFE INSURANCE COMPANY, Plaintiffs, v. ALLY FINANCIAL, INC., RESIDENTIAL FUNDING SECURITIES, LLC, RESIDENTIAL CAPITAL LLC, RESIDENTIAL FUNDING COMPANY LLC, RESIDENTIAL ACCREDIT LOANS, INC., CITIGROUP, INC., CITIGROUP GLOBAL MARKETS INC., CITIMORTGAGE, INC., CITIGROUP GLOBAL MARKETS REALTY CORP., CITIGROUP MORTGAGE SECURITIES, INC., CITIGROUP MORTGAGE LOAN TRUST INC., DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS & CO., GS MORTGAGE SECURITIES CORP., GOLDMAN SACHS MORTGAGE COMPANY, HSBC SECURITIES (USA) INC., INDYMAC RMBS, INC., MORGAN STANLEY, MORGAN STANLEY & CO. INCORPORATED, MORGAN STANLEY CAPITAL I INC., RBS SECURITIES, INC., SUNTRUST CAPITAL MARKETS, INC., UBS, AG, UBS SECURITIES LLC, MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., WAMU CAPITAL CORP., WASHINGTON MUTUAL MORTGAGE SECURITIES CORP., RANDAL COSTA, DOUGLAS R. KRUEGER, BRUCE J. PARADIS, and DANIEL L. SPARKS, Defendants 11 Civ. 2890 (GBD) (JCF) April 2011 8/17/2012 www.mortgagedaily.com/LitigationMbsResCap110712.asp
Aladdin Capital Management LLC Bayerische Landesbank U.S. Court of Appeals, Second Circuit, U.S. District Court for the Southern District of New York na Dismissal reversed on appeal. BAYERISCHE LANDESBANK, NEW YORK BRANCH and BAYERISCHE LANDESBANK, Plaintiffs-Appellants, v. ALADDIN CAPITAL MANAGEMENT LLC, Defendant-Appellee Docket No. 11-4306-cv 1/31/2011 8/6/2012 www.mortgagedaily.com/LitigationMbs110712.asp
Citigroup Inc. Ann Arbor Employees’ Retirement System and Greater Kansas City Laborers Pension Fund on behalf of investors of two securitizations from Citigroup Mortgage Loan Trust Inc in 2007 U.S. District Court for the Eastern District of New York $25,000,000 Settlement reached. City of Ann Arbor Employees’ Retirement System et al. v. Citigroup Mortgage Loan Trust Inc et al. 08-1418 2008 August www.mortgagedaily.com/LitigationMbs110712.asp
Citigroup Inc. Investors U.S. District Court for the Southern District of New York $590,000,000 Judge preliminsrily approves settlement. na na na 8/29/2012 www.mortgagedaily.com/MctCitiSettlement083012.asp
CITIGROUP INC., CITIBANK, N.A., CITIGROUP GLOBAL MARKETS INC., CITIGROUP MORTGAGE LOAN TRUST INC., CITIGROUP GLOBAL MARKETS REALTY CORP., CITIMORTGAGE, INC., CITICORP TRUST BANK, FSB, CITICORP RESIDENTIAL MORTGAGE SECURITIES, INC. IKB International S.A.,  IKB DEUTSCHE INDUSTRIEBANK AG, New York Supreme Court, County of New York $137,378,000 Compalint filed. IKB INTERNATIONAL S.A. IN LIQUIDATION and IKB DEUTSCHE INDUSTRIEBANK AG, Plaintiffs, -against- CITIGROUP INC., CITIBANK, N.A., CITIGROUP GLOBAL MARKETS INC., CITIGROUP MORTGAGE LOAN TRUST INC., CITIGROUP GLOBAL MARKETS REALTY CORP., CITIMORTGAGE, INC., CITICORP TRUST BANK, FSB, CITICORP RESIDENTIAL MORTGAGE SECURITIES, INC., Defendants Index No. 653100/2012 9/5/2012 9/5/2012 www.mortgagedaily.com/LitigationMbs110712.asp
DB Structured Products Inc., HSBC BANK USA, NATIONAL ASSOCIATION, in its capacity as Trustee FREEDOM TRUST 2011-2, on behalf of ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM1 Supreme Court of the State of New York County of New York $392,564,662 Complaint filed. FREEDOM TRUST 2011-2, on behalf of ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM1, Plaintiff, -against- DB STRUCTURED PRODUCTS, INC., Defendant, -and- HSBC BANK USA, NATIONAL ASSOCIATION, in its capacity as Trustee of ACE Securities Corp. Home Equity Loan Trust, Series 2006-FM1, Nominal Defendant Index No. 652985/2012 8/24/2012 8/24/2012 www.mortgagedaily.com/LitigationMbs110712.asp
DLJ Mortgage Capital Inc., Select Portfolio Servicing Inc.  HOME EQUITY MORTGAGE TRUST SERIES 2006-1, HOME EQUITY MORTGAGE TRUST SERIES 2006-3, and HOME MORTGAGE TRUST SERIES 2006-4 Supreme Court of the State of New York County of New York $720,000,000 Complaint filed. HOME EQUITY MORTGAGE TRUST SERIES 2006-1, HOME EQUITY MORTGAGE TRUST SERIES 2006-3, and HOME MORTGAGE TRUST SERIES 2006-4, Plaintiffs, -against- DLJ MORTGAGE CAPITAL, INC. and SELECT PORTFOLIO SERVICING, INC., Defendants Index No. 156016/2012 8/31/2012 8/31/2012 www.mortgagedaily.com/LitigationMbs110712.asp
Goldman Sachs & Co. NECA-IBEW Health & Welfare Fund U.S. Court of Appeals for the Second Circuit na Class standing expanded. NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co. 11-2762-cv na 9/6/2012 www.mortgagedaily.com/LitigationMbsGoldman110712.asp
IndyMac MBS, former officers and directors and six financial institutions  Wyoming State Treasurer, investors in IndyMac MBS U.S. District Court for the Southern District of New York na Class certification granted. IN RE: INDYMAC MORTGAGE-BACKED SECURITIES LITIGATION Master Docket No. 09 Civ. 4583 na 8/17/2012 www.mortgagedaily.com/LitigationMbs110712.asp
J.P. Mortgan Acceptance Corporation I, et al. Plumbers’ & Pipefitters’ Local #562 Supplemental Plan & Trust, Mississippi Public Employees’ Retirement System U.S. District Court fo the Eatern District of New York na Class standing expanded. Plumbers’ & Pipefitters’ Local #562 Supplemental Plan & Trust, et al., Plaintiffs,  – against –  J.P. Mortgan Acceptance Corporateion I, et al., Defendants. 08 CV 1713 (ERK) (WDW) na 9/14/2012 www.mortgagedaily.com/LitigationMbsGoldman110712.asp
JP Morgan Chase & Co., JP Morgan Chase Bank, N.A., and JP Morgan Securities, Inc IKB International S.A.,  IKB DEUTSCHE INDUSTRIEBANK AG, New York Supreme Court, County of New York na Compalint filed. IKB INTERNATIONAL S.A. IN LIQUIDATION and IKB DEUTSCHE INDUSTRIEBANK AG, Plaintiffs, -against- JP Morgan Chase & Co., JP Morgan Chase Bank, N.A., and JP Morgan Securities, Inc, Defendants Index No. 653414/2012 9/29/2012 9/29/2012 www.mortgagedaily.com/LitigationMbs110712.asp
OneWest Bank Assured Guaranty Municipal Corp. Los Angeles Superior Court $355,000,000 Complaint filed. na na 8/13/2012 8/13/2012 www.mortgagedaily.com/ServicingLawsuits3q2012.asp
The Goldman Sachs Group Inc. HSH Nordbank AG Supreme Court of the State of New York County of New York $110,468,000 Complaint filed. HSH NORDBANK AG; HSH NORDBANK AG, LUXEMBOURG BRANCH; HSH NORDBANK AG, NEW YORK BRANCH; CARRERA CAPITAL FINANCE LIMITED; and HSH NORDBANK SECURITIES S.A., Plaintiffs, -against- THE GOLDMAN SACHS GROUP, INC.; GOLDMAN SACHS REAL ESTATE FUNDING CORP.; GS MORTGAGE SECURITIES CORP.; GOLDMAN SACHS MORTGAGE CONDUIT; GOLDMAN SACHS MORTGAGE COMPANY; GOLDMAN, SACHS & CO.; and GOLDMAN SACHS INTERNATIONAL, Defendants 652991/2012 8/14/2012 8/24/2012 www.mortgagedaily.com/LitigationMbsGoldman110712.asp
The Goldman Sachs Group, Inc., Goldman Sachs Mortgage Company, GS Mortgage Securities Corp., Goldman Sachs & Co. Bayerische Landesbank Supreme Court of the State of New York County of New York na Complaint filed. HSH NORDBANK AG; HSH NORDBANK AG, LUXEMBOURG BRANCH; HSH NORDBANK AG, NEW YORK BRANCH; CARRERA CAPITAL FINANCE LIMITED; and HSH NORDBANK SECURITIES S.A., Plaintiffs, -against- THE GOLDMAN SACHS GROUP, INC.; GOLDMAN SACHS REAL ESTATE FUNDING CORP.; GS MORTGAGE SECURITIES CORP.; GOLDMAN SACHS MORTGAGE CONDUIT; GOLDMAN SACHS MORTGAGE COMPANY; GOLDMAN, SACHS & CO.; and GOLDMAN SACHS INTERNATIONAL, Defendants Index No. 653111/2012 9/5/2012 9/5/2012 www.mortgagedaily.com/LitigationMbsGoldman110712.asp
The Goldman Sachs Group, Inc., GOLDMAN SACHS REAL ESTATE FUNDING CORP.; GS MORTGAGE SECURITIES CORP.; GOLDMAN SACHS MORTGAGE COMPANY; SACHS & CO.; and GOLDMAN INTERNATIONAL IKB INTERNATIONAL S.A. IN LIQUIDATION and IKB DEUTSCHE INDUSTRIEBANK AG Supreme Court of the State of New York County of New York $73,203,000 Complaint filed. IKB INTERNATIONAL S.A. IN LIQUIDATION and IKB DEUTSCHE INDUSTRIEBANK AG, Plaintiffs, -against- THE GOLDMAN SACHS GROUP, INC.; GOLDMAN SACHS REAL ESTATE FUNDING CORP.; GS MORTGAGE SECURITIES CORP.; GOLDMAN SACHS MORTGAGE COMPANY; SACHS & CO.; and GOLDMAN INTERNATIONAL Index No. 653101/2012 9/5/2012 9/5/2012 www.mortgagedaily.com/LitigationMbsGoldman110712.asp
UBS AG MBS investors U.S. District Court for the Southern District of New York na Class action dismissed. IN RE UBS AG SECURITIES LITIGATION 07 Civ. 11225 (RJS) na 9/28/2012 www.mortgagedaily.com/LitigationMbs110712.asp
UBS Real Estate Securities Assured Guaranty U.S. District Court for the Southern District of New York na Motion to dismiss granted in part. ASSURED GUARANTY MUNICIPAL CORP., Plaintiff, v. UBS REAL ESTATE SECURITIES, INC., Defendant 12 CV 1579 (HB) na 8/15/2012 www.mortgagedaily.com/LitigationMbs110712.asp
WaMu Asset Acceptance, WaMu Capital  Doral Bank of Puerto Rico, Boilermakers National Annuity Trust, Chicago Policemen’s Annuity and Benefit Fund U.S. District Court for the Western District of Washington $26,000,000 Settlment reached. na na na 9/5/2012 www.mortgagedaily.com/MctSettlementWamuMbs090612.asp
Washington Mutual Bank subsidiaries Boilermakers National Annuity Trust, Doral Bank Puerto Rico and the Policemen’s Annuity and Benefit Fund of Chicago U.S. District Court for the Western District of Washington $26,000,000 Motion for summary judgment denied. Case was set for 9/17 trial date. IN RE WASHINGTON MUTUAL MORTGAGE BACKED SECURITIES LITIGATION Master Case No. C09-37 MJP na 7/23/2012 www.mortgagedaily.com/LitigationMbs110712.asp
WMC Mortgage LLC Investors of GE-WMC Mortgage Securities Trust 2006-1 U.S. District Court for the Southern District of New York $260,200,000 Case remanded to federal court. The Bank of New York Mellon, solely as Trustee for GE-WMC Mortgage Securities Trust 2006-1, Plaintiff, v. WMC Mortgage, LLC and GE Mortgage Holding, L.L.C., Defendants Index No. 652928/2012 8/21/2012 9/20/2012 www.mortgagedaily.com/LitigationMbs110712.asp
Chase Mortgage Finance Corp.; JPMorgan Chase & Co.; J.P. Morgan Securities LLC; Citicorp Mortgage Securities Inc.; CitiMortgage Inc.; Citigroup Global Markets Inc.; First Horizon Asset Securities Inc.; First Horizon Home Loan Corporation; Ally Securities LLC; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities Inc.; FTN Financial Securities Corp.; HSBC Securities (USA) Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.; RBS Securities Inc.; UBS Securities LLC; and Wells Fargo Asset Securities Corp. Federal Deposit Insurance Corp. U.S. District Court for the Southern District of New York $189,300,000 Complaint filed. Federal Deposit Insurance Corporation as Receiver for Colonial Bank, Plaintiff, v. Chase Mortgage Finance Corp.; JPMorgan Chase & Co.; J.P. Morgan Securities LLC; Citicorp Mortgage Securities Inc.; CitiMortgage Inc.; Citigroup Global Markets Inc.; First Horizon Asset Securities Inc.; First Horizon Home Loan Corporation; Ally Securities LLC; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities Inc.; FTN Financial Securities Corp.; HSBC Securities (USA) Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.; RBS Securities Inc.; UBS Securities LLC; and Wells Fargo Asset Securities Corporation; Defendants 12 CIV 6166 8/10/2012 8/10/2012 www.mortgagedaily.com/LawsuitFdic081112.asp
American Home Mortgage Servicing Inc. Sand Canyon Corp. New York State Supreme Court, Manhattan na Motion to dismiss denied. Sand Canyon Corp. v. American Home Mortgage Servicing Inc. 650504/2012 2/22/2012 7/25/2012 www.mortgagedaily.com/LitigationRepurchases021113.asp
Sand Canyon Corp. Homeward Residential Inc. U.S. District Court for the Southern District of New York). $325,000,000 Notice of change of address filed. Homeward Residential Inc. v. Sand Canyon Corp. 12-cv-5067 na 9/19/2012 www.mortgagedaily.com/LitigationRepurchases021113.asp

Q2 2012 MBS lawsuits

Q1 2012 MBS lawsuits

Q4 2011 MBS lawsuits

Q3 2011 MBS lawsuits

Q2 2011 MBS lawsuits

Q1 2011 MBS lawsuits

4th quarter 2010 MBS lawsuits

3rd quarter 2010 MBS lawsuits

2nd quarter 2010 MBS lawsuits

1st quarter 2010 MBS lawsuits

4th-quarter 2009 MBS lawsuits

3rd-quarter 2009 MBS lawsuits

2nd-quarter 2009 MBS lawsuits

1st-quarter 2009 MBS lawsuits

4th-quarter 2008 MBS lawsuits

full year 2007 MBS lawsuits

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