|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed |
Link to Story |
| Bank of America |
United States Treasury Department |
n/a |
$24,000,000 |
The Treasury Department censured Bank of America for not implementing HAMP well enough and withheld fees due to Bank of America as punishment. |
n/a |
n/a |
n/a |
www.mortgagedaily.com/MctBoa072311.asp |
| Community One Law Center; National Law Partners |
State of Indiana |
n/a |
n/a |
The State filed suit alleging fraudulent scheme to charge upfront fees to homeowners in exchange for bogus loan modification services. |
n/a |
n/a |
8/24/2011 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Legal Home Loan Solutions; Federal Home Loan Solutions; Matevia Law Firm; Thomas C. Matevia |
State of Indiana |
n/a |
n/a |
The State filed suit alleging fraudulent scheme to charge upfront fees to homeowners in exchange for bogus loan modification services. |
n/a |
n/a |
8/10/2011 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Saxon Mortgage Services, Inc. |
Deborah A. Pandit; Ranujoy D. Pandit, as lead Plaintiffs |
U.S. District Court for the Eastern District of New York |
n/a |
Ranujoy and Debora Pundit, on behalf of a class of complainants, allege that the Defendant home-loan servicing company intentionally misused the federal loan modification process by routinely and systematically misleading homeowners in making monthly ‘trial’ payments … and into repeatedly sending and resending documents in doomed attempts to qualify for lower monthly payments. |
Pandit, et al. v. Saxon Mortgage Services, Inc. |
2:2011cv03935 |
8/15/2011 |
www.mortgagedaily.com/MctLawsuitSaxon082011.asp |
| Golden West Financial Corp;, World Savings Bank, FSB; World Savings and Loan Association; World Mortgage Company; World Savings Bank SSB; World Loan Company, Home Loan Experts; Wachovia Corp.; AmNet Mortgage, LLC; American Mortgage Network, LLC; Wachovia Mortgage, FSB; Wachovia Bank, FSB; Wachovia Bank, N.A. |
The State of Connecticut, by and through Connecticut Attorney General George Jepsen |
n/a |
$741,465 |
Connecticut AG has reached a settlement with Wells Fargo over payment-option adjustable-rate mortgages that it inherited with its acquisition of Wachovia Corp. The agreement resolves allegations of deceptive marketing on option ARMs. |
n/a |
n/a |
8/17/2011 (settlement signed) |
www.mortgagedaily.com/SettlementWellsCT081711.asp� |
| Ocwen Financial Corp.; Goldman Sachs Bank USA; Litton Loan Servicing, LP |
New York Department of Financial Services and Banking Department |
New York Department of Financial Services and Banking Department |
n/a |
The Superintendant of Financial Services announced that the Department of Financial Services and Banking Department has entered into an agreement with Ocwen, Goldman Sachs, and Litton Loan Servicing, requiring Goldman Sachs to write down principal on NY mortgages as a condition of selling its mortgage servicing subsidiary. Goldman acquired Litton in 2007 now seeks to sell Litton to Ocwen in a $264 million all-cash transaction. As part of the transactions, all three firms will adhere to “new mortgage servicing practices.” |
Agreement on Mortgage Servicing Practices |
n/a |
9/1/2011 |
www.mortgagedaily.com/SettlementNY090111.asp |
| Christopher Dixon |
City of San Diego |
San Diego Superior Court |
$7,500 |
Owner of Nations Mortgage Solutions, Christopher Dixon, pleaded guilty to acting as a real estate agent without a license in connection with loan modifications. |
n/a |
n/a |
n/a |
www.mortgagedaily.com/litigationcriminal072511.asp |
| Christopher S. Godfrey; Dennis Fischer; Vernell Burris Jr.; Brian M. Kelly |
United States |
U.S. District Court for the District of Massachusetts |
$3,000,000 |
An indictment against former employees of Home Owners Protection Economics Inc. alleges that defendants collected over $3 million from borrowers whom they misled in connection with the Home Affordable Modification Program. |
United States v. Godfrey, et al. |
11-CR-10279 |
8/9/2011 |
www.mortgagedaily.com/LitigationCriminal082411.asp� |
| Joseph Yorkus; James Bartczak |
Nevada Attorney General |
Eighth Judicial District Court of Clark County Nevada |
$383,176 |
Yorkus was sentenced to 48 months that will be served concurrently with another conviction. Allegedly sent fake transfer-of-servicing notices to some of Bank of America’s Nevada borrowers so that they could collect payments themselves through a sham company. Defendants also accused of charging for modification services through several businesses but not providing services. |
n/a |
n/a |
n/a |
www.mortgagedaily.com/LitigationCriminal082411.asp� |
| Ronald Rodriguez; Zoar Rodriguez; Berta M. Cabrera; Kelly Rodriguez |
Florida Attorney General Pam Bondi |
n/a |
$750,000 |
Defendants were arrested for allegedly collecting modification fees through their company Best Value Homes Inc., but not delivering promised loan modification services. Their 500 victims reportedly lost $750,000 in the scam. |
n/a |
n/a |
8/17/11 |
www.mortgagedaily.com/LitigationCriminal082411.asp� |
| AH Mortgage Acquisition Co. d/b/a American Home Mortgage Servicing Inc.; Block Financial Corp., H&R Block Mortgage Corp.; H& Block, Inc.; Option One Mortgage Corp. |
Commonwealth of Massachusetts |
U.S. District Court of Massachusetts |
$124,800,000 |
A $125 million settlement was reached by Option One Mortgage Corp. resolving claims of unfair and discriminatory lending practices. |
Commonwealth of Massachusetts v. H&R Block, Inc. et al. |
1:2008cv11225 |
7/18/2008 |
www.mortgagedaily.com/MctSettlementSandCanyon080911.asp |
| Avatar Realty Group; Arthur Monroe; Monroe Realty Corp. |
State of Illinois |
Cook County Circuit Court |
$37,000 |
The State of Illinois filed suit alleging fraudulent scheme to charge upfront fees to homeowners in exchange for bogus loan modification services. |
State of Illinois v. Avatar Realty Group, Inc. |
n/a |
7/27/2011 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Christopher Mallett |
Federal Trade Commission |
U.S. District Court for the District of Columbia |
n/a |
Complaint filed alleging Mallett operated misleading website offering foreclosure relief services. |
FTC v. Mallett |
No. 11-civ-80155 |
n/a |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Diversified Real Estate Consultants, LLC; Dream Management USA, LLC; Precision Processing Solutions Int’l. LLC; Daniel Depasquale |
State of Ohio |
Cuyahoga Court of Common Pleas |
$36,000 |
The State filed suit alleging fraudulent scheme to charge upfront fees to homeowners in exchange for bogus loan modification services. |
State of Ohio ex rel. Attorney General Michael Dewine v. Diversified Real Estate Consultants, LLC et al. |
No. cv11 759351 |
7/12/2011 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Homesafe America,United Legal Solutions |
na |
Nassau County Supreme Court – New York |
na |
Temporary restraining order issued. |
na |
na |
na |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Save My Home Corp.; Save My Home Now Inc.; Express Home Solutions; Home Preserve Law Group |
Ayana Rush; Gul Magsood; Angel Osmanzai; Rahim Maqsood; Mohammed Shukran; Rita Idavoy; Rebecca Verna; Brian Verna; Ariel Cross-Edwards |
Nassau County Supreme Court – New York |
$3,000,000 |
Deceptive Trade Practices Act claim filed against foreclosure relief industry defendants; temporary restraining order in place precluding defendants from further operations. |
Rush v. Save My Home Corp. |
n/a |
7/5/11 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Skyline Capital, Inc.; Rahul Shah |
State of Illinois |
Cook County Circuit Court |
$23,000 |
The State of Illinois filed suit alleging fraudulent scheme to charge upfront fees to homeowners in exchange for bogus loan modification services. |
State of Illinois v. Skyline Capital, Inc. |
n/a |
7/27/2011 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| U.S. Mortgage Funding, Louis Gendason |
Federal Trade Commission |
U.S. District Court for the Southern District of Florida |
na |
Gendason added as a defendant |
Federal Trade Commission, Plaintiff v. U.S. Mortgage Funding, Inc., Debt Remedy Partners, Inc., Lower my Debts.com, LLC, David Mahler, individually and as an officer of Debt Remedy Partners, Inc. and a former officer of U.S. Mortgage Funding, Inc., and John Incandela, Jr., aka Jonathan Incandela, Jr., individually and as a former officer of U.S. Mortgage Funding, Inc. and a manager of Lower My Debts.com, LLC, and Jamen Lachs, individually and as an officer of U.S. Mortgage Funding, Inc., Defendants. |
Case No. 11-Civ-80155, FTC File No. 102 3146 |
|
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| National Relief Group |
State of West Virginia |
Kanawha County Circuit Court |
n/a |
The State filed suit alleging fraudulent scheme to charge upfront fees to homeowners in exchange for bogus loan modification services. |
n/a |
n/a |
7/14/2011 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
| Premier Legal Advocates; Brian Pascal |
State of Indiana |
Shelby County Court |
n/a |
The State filed suit alleging fraudulent scheme to charge upfront fees to homeowners in exchange for bogus loan modification services. |
n/a |
n/a |
7/27/2011 |
www.mortgagedaily.com/litigationforeclosurefirms092711.asp |
