Litigation

Recent Posts

California Settles Lawsuit Against Countrywide Executives
Posted on 4 Feb 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) The state of California has reached a settlement in a predatory lending lawsuit against former executives at Countrywide Financial Corp. that will pour $6.5 million into a fund to help foreclosed homeowners. The state had sued Countrywide... Read More

Pennsylvania Lawsuit Targets Philly Firm's Foreclosures
Posted on 3 Dec 2010 by LexisNexis Litigation Resource Community Staff

PITTSBURGH - (AP) A Pittsburgh attorney says a Philadelphia law firm used nonlawyers to file untold numbers of mortgage foreclosures across the state and therefore fraudulently collected attorney's fees in such cases. The lawsuit comes as a bankruptcy... Read More

Homeowners Say Loan Mods Led Them To Foreclosure
Posted on 9 Nov 2010 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and... Read More

Bank Of America To Pay Borrowers $108 Million
Posted on 7 Jun 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure. It's the latest evidence of... Read More

Foreclosure Class Actions Pile Up Against Banks
Posted on 19 Nov 2010 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the U.S., threatening a besieged industry with billions more in potential losses. Bank executives are swarming Capitol Hill this week to defend... Read More

Lawsuit Wave Could Hurt Housing Market: FDIC Chief
Posted on 26 Oct 2010 by LexisNexis Litigation Resource Community Staff

ARLINGTON, Va. - (AP) A wave of lawsuits from troubled borrowers who lost their homes to foreclosure could hurt the already-ailing housing market, a top banking regulator said Monday. Sheila Bair, chairman of the Federal Deposit Insurance Corp., said... Read More

Hagens Berman Files Class Action Lawsuit Against Bank Of America
Posted on 23 Apr 2010 by LexisNexis Litigation Resource Community Staff

LOS ANGELES — California homeowners sued Bank of America on April 6, claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure, Hagens Berman Sobol Shapiro announced. The case, filed... Read More