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Mortgage Litigation Cases Growing
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You're Now Reading:
Mortgage Litigation Cases Growing
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Mortgage Litigation Cases Growing
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December 17 2010 (Jeff Alan)
litigation-images
As one might expect as an aftereffect of the mortgage crisis, the number of mortgage litigation cases increased by 41 percent in the third quarter of 2010 compared to the second quarter.

According to the Mortgage Litigation Index (MLI), which is based on cases covered by Mortgage Daily in conjunction with Patton Boggs, there were more than 100 civil and criminal mortgage-related cases tracked between July 1 through September 30 compared to 75 cases in the prior quarter.

Cases involving investor actions taken as a result of alleged violations to the Securities Exchange Act of 1934 outnumbered all other types, though activity was lower than in the second quarter. Coming in next were actions related to foreclosures, an area that has recently drawn intense scrutiny.

Patrick McManemin, a partner in Patton Boggs’ Dallas office stated, “In recent months, the focus of mortgage litigation has begun to transition from primarily consumer foreclosure disputes towards loan documentation and servicing issues. Therefore, an increase in residential note repurchase litigation from investors in securitization trusts and banks that face indemnity claims from government-sponsored enterprises should be expected.”

Category Q3 2010 Q2 2010 Q3 2009
Total 106 75 76
Investor 23 26 11
Foreclosure 21 29 10
Criminal 17 11 4
Employment 12 3 4
MBS 12 13 4

Mortgage Daily is a dominant source of news in the mortgage industry and Boggs is a known leader in mortgage banking litigation

Tags: mortgage litigation, mortgage crisis, litigation cases, investor actions, foreclosure, criminal, employment, banks

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REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
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Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

December 17 2010 (Jeff Alan)
litigation-images
As one might expect as an aftereffect of the mortgage crisis, the number of mortgage litigation cases increased by 41 percent in the third quarter of 2010 compared to the second quarter.

According to the Mortgage Litigation Index (MLI), which is based on cases covered by Mortgage Daily in conjunction with Patton Boggs, there were more than 100 civil and criminal mortgage-related cases tracked between July 1 through September 30 compared to 75 cases in the prior quarter.

Cases involving investor actions taken as a result of alleged violations to the Securities Exchange Act of 1934 outnumbered all other types, though activity was lower than in the second quarter. Coming in next were actions related to foreclosures, an area that has recently drawn intense scrutiny.

Patrick McManemin, a partner in Patton Boggs’ Dallas office stated, “In recent months, the focus of mortgage litigation has begun to transition from primarily consumer foreclosure disputes towards loan documentation and servicing issues. Therefore, an increase in residential note repurchase litigation from investors in securitization trusts and banks that face indemnity claims from government-sponsored enterprises should be expected.”

Category Q3 2010 Q2 2010 Q3 2009
Total 106 75 76
Investor 23 26 11
Foreclosure 21 29 10
Criminal 17 11 4
Employment 12 3 4
MBS 12 13 4

Mortgage Daily is a dominant source of news in the mortgage industry and Boggs is a known leader in mortgage banking litigation

Tags: mortgage litigation, mortgage crisis, litigation cases, investor actions, foreclosure, criminal, employment, banks

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

December 17 2010 (Jeff Alan)
litigation-images
As one might expect as an aftereffect of the mortgage crisis, the number of mortgage litigation cases increased by 41 percent in the third quarter of 2010 compared to the second quarter.

According to the Mortgage Litigation Index (MLI), which is based on cases covered by Mortgage Daily in conjunction with Patton Boggs, there were more than 100 civil and criminal mortgage-related cases tracked between July 1 through September 30 compared to 75 cases in the prior quarter.

Cases involving investor actions taken as a result of alleged violations to the Securities Exchange Act of 1934 outnumbered all other types, though activity was lower than in the second quarter. Coming in next were actions related to foreclosures, an area that has recently drawn intense scrutiny.

Patrick McManemin, a partner in Patton Boggs’ Dallas office stated, “In recent months, the focus of mortgage litigation has begun to transition from primarily consumer foreclosure disputes towards loan documentation and servicing issues. Therefore, an increase in residential note repurchase litigation from investors in securitization trusts and banks that face indemnity claims from government-sponsored enterprises should be expected.”

Category Q3 2010 Q2 2010 Q3 2009
Total 106 75 76
Investor 23 26 11
Foreclosure 21 29 10
Criminal 17 11 4
Employment 12 3 4
MBS 12 13 4

Mortgage Daily is a dominant source of news in the mortgage industry and Boggs is a known leader in mortgage banking litigation

Tags: mortgage litigation, mortgage crisis, litigation cases, investor actions, foreclosure, criminal, employment, banks

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.