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Military Mortgage Lawsuits Second-Quarter 2011 Mortgage Litigation Index

Mortgage Daily

Published On: September 26, 2011
Military Mortgage Lawsuits
Second-Quarter 2011 Mortgage Litigation Index
Actions involving military borrowers (added to report in Q2 2011).
Defendant
Plaintiff
Court
Amount
Overview
 Case Title
Case Number
 Date Filed Link to Story
Bank of America, Countrywide Financial United States n/a $20,000,000 The DOJ and BOA agreed to a settlement whereby BOA would pay $2.4 million to resolve allegations that the lender foreclosed on 160 military personnel in violation of the Servicemembers Civil Relief Act (“SCRA”) in 20 states without court orders. U.S. v. Bank of America n/a n/a www.mortgagedaily.com/MctSettlementMilitary052611.asp
Saxon Mortgage Services, Inc. United States United States District Court for the Northern District of Texas $2,400,000 The DOJ and Saxon agreed to a settlement whereby Saxon would pay $2.4 million to resolve allegations that the lender foreclosed on 17 military personnel in violation of the Servicemembers Civil Relief Act (“SCRA”) in ten states without court orders. U.S. v. Saxon Mortgage Servs., Inc. 3:11-cv-01111-F 05/26/11 www.mortgagedaily.com/MctSettlementMilitary052611.asp
Q4 2010 servicing lawsuits

Q4 2009 servicing lawsuits

Q4 2008 servicing lawsuits

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