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Defendant
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Plaintiff
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Court
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Amount
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Overview
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Case Title
|
|
Mark Gallagher
|
.
|
.
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Broker sues after being blacklisted for sharing YSPs with his borrowers as an inducement to get them to refinance.
|
.
|
|
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Irwin
|
U.S. Court of Appeals for the 11th Circuit
|
.
|
Appellate court ruled that yield spread premiums paid to mortgage brokers are proper unless consumers can prove the amount is excessive
|
Culpepper v. Irwin Mortgage Corp.
|
|
|
Christopher Kubiak (named Plaintiff)
|
U.S. District Court, Northern District of California
|
.
|
Subprime lender allegedly failed to disclose to borrowers the yield spread premiums it had paid to brokers, resulting in purportedly higher interest rates
|
Kubiak v. NovaStar Mortgage, Inc.
|
|
|
Cameron Pierce (named Plaintiff)
|
U.S. District Court, Western District of Washington, Seattle Division
|
$5.1 million settlement
|
Subprime lender settled class action suit based upon its alleged failure to disclose to borrowers the yield spread premiums it had paid to brokers, resulting in purportedly higher interest rates
|
Pierce v. NovaStar Mortgage, Inc.
|
