|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
Case Number
|
Date Filed |
Link to Story |
| 1st Advantage Mortgage |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Alacrity Financial Services LLC |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Alethes LLC |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| American Home Mortgage et al. |
Triad Guaranty Inc. |
U.S. Bankruptcy Court for the District of Delaware |
na |
Triad filed a complaint seeking rescission of multiple master mortgage guaranty insurance policies and declaratory relief. Triad alleges that the lender did not follow delegated insurance underwriting guidelines approved by Triad, breaching master policies and implied covenants of good faith and fair dealing. |
na |
na |
September 4, 2009 |
www.mortgagedaily.com/LitigationMI032910.asp |
| American Sterling Bank |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Americare Investment Group Inc. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Assurity Financial Services LLC |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Birmingham Bancorp Mortgage Corp. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Countrywide Bank FSB and Countrywide Home Loans |
Old Republic Insurance Co. and Old Republic Insured Credit Services, Inc. |
Circuit Court, Cook County, Ill. |
na |
Plaintiffs seek to rescind or terminate credit indemnity policies issued on loans securitized by Countrywide based on material misrepresentations. Countrywide counterclaimed, alleging breach of contract and bad-faith. |
na |
na |
December of 2008 |
www.mortgagedaily.com/LitigationMI032910.asp |
| Countrywide Financial, Countrywide Home Loans, Bank of America affiliates of Countrywide and The Bank of New York Mellon Trust Company, N.A. |
Republic Mortgage Insurance Co. and Republic Mortgage Insurance Co. of North Carolina |
Supreme Court of the State of New York, County of New York |
na |
Plaintiffs filed a complaint for declaratory judgment. At issue is the rescission of mortgage insurance coverage on more than 1,500 loans. Countrywide responded by serving Old Republic with a demand for arbitration under the arbitration clause of the policies. |
na |
na |
December 31, 2009 |
www.mortgagedaily.com/LitigationMI032910.asp |
| Credit Suisse Securities LLP |
Ambac Financial Group, Inc. |
New York State Supreme Court |
na |
Ambac Financial filed suit against Credit Suisse in connection with a $170 million mortgage-backed security issued by Credit Suisse. Ambac has allegedly paid $44 million in claims on the security and seeks compensatory and punitive damages, claiming representations were breached on 80 percent of the 2,500 loans it made. |
Ambac Financial Group, Inc. v. Credit Suisse Securities LLP |
na |
January 8, 2010 |
www.mortgagedaily.com/Litigation011810.asp |
| D and R Mortgage Corp. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Dell Franklin Financial LLC |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Evanston Insurance Company; Universal Assurors Agency, Inc. |
Guaranty Bank |
U.S. District Court for the Eastern District of Wisconsin |
$33,400,000 |
Guaranty Bank filed suit against Evanston Insurance Co. over $33.4 million in mortgage insurance premiums it paid on home-equity loans when the insurer was not licensed. |
Guaranty Bank v. Evanston Insurance Company et al. |
2:2009cv00133 |
February 10, 2009 |
www.mortgagedaily.com/Litigation020910.asp |
| First Tennessee Bank, N.A. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Mac-Clair Mortgage Corp. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Old Republic International |
multiple cases |
State and federal courts in Connecticut, New Jersey, Ohio, Pennsylvania and Texas |
na |
Plainitffs allege Old Republic failed to give borrowers reissue and/or refinance credits on the premiums charged for title insurance covering mortgage refinancing transactions, as required by the Company’s rate schedules or by state rating bureaus with the state insurance regulatory authorities. |
na |
na |
na |
www.mortgagedaily.com/LitigationMI032910.asp |
| Pine State Mortgage Corp. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Security Atlantic Mortgage Co. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Sterling National Mortgage Company Inc. |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
| Triad Guaranty Inc. |
American Home Mortgage Holdings, et al. (Debtor in Chapter 11 Bankruptcy) |
U.S. District Court for the Northern District of Texas |
na |
Plaintiff seeks damages and a declaratory judgment regarding its claim that defendant denied payment for legitimate claims on 15 mortgage insurance loans. |
American Home Mortgage Servicing Inc. v. Triad Guaranty Insurance Corp. |
Case No: 3: 2009cv02363 |
December 11, 2009 |
www.mortgagedaily.com/LitigationMI032910.asp |
| Triad Guaranty Inc. |
Countrywide Home Loans Inc. |
Los Angeles County Superior Court |
$111 million |
Countrywide alleges breach of contract over improper bulk rescission of coverage. |
na |
na |
March 5, 2010 |
www.mortgagedaily.com/LitigationMI032910.asp |
| Triad Guaranty Inc. |
American Home Mortgage Holdings, et al. (Debtor in Chapter 11 Bankruptcy) |
U.S. Bankruptcy Court for the District of Delaware |
$7,600,000 |
Debtor, American Home Mortgage, filed an action in bankruptcy court to recover $7.6 million in alleged preferential payments made to Triad Guaranty Inc. |
In Re: American Home Mortgage Holdings,et al. |
Case No: 07-11047 |
na |
www.mortgagedaily.com/LitigationMI032910.asp |
| Webster Bank |
U.S. Department of Housing and Urban Development |
na |
na |
Subpoenas issued over poor performance of their originations. |
na |
na |
na |
www.mortgagedaily.com/HudInvestigations011210.asp |
