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<title>LexisNexis® Mealey's™ Mortgage Lending Legal News</title>

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<description>Headline Mortgage Lending Legal News from LexisNexis®</description>

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<title>LexisNexis® Headline Mortgage Lending Legal News</title>

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<copyright>Copyright 2008</copyright>

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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 1%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Appraisal Firm Granted Motion To Dismiss; Couple Denied Amended Complaint</title>
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<![CDATA[DETROIT - A federal judge on July 7 granted an appraisal firm's motion to dismiss a complaint alleging that the firm inflated real estate prices resulting in detriment to a couple (Martell v. Turcheck et al., No. 2:07-cv-14068, E.D. Mich.; 2008 U.S. Dist. LEXIS 51966). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 1 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>6th Circuit: Mortgage Company's Use Of Earmarking Doctrine Rejected</title>
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<![CDATA[CINCINNATI - A Sixth Circuit U.S. Court of Appeals panel in a 2-1 ruling on June 26 reversed the decision of a district court ruling that a mortgage company cannot apply the earmarking doctrine to escape a refinanced mortgage it gave to a debtor before he filed for bankruptcy (In re: David Scott Lee, Chase Manhattan Mortgage Corporation v. Mark H. Shapiro, No. 06-1538, 6th Cir.; 2008 U.S. App. LEXIS 13455). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 2 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 3%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Illinois Attorney General Files Lawsuit Against Subprime Lending Giant Countrywide</title>
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<![CDATA[CHICAGO - The Illinois attorney general filed a lawsuit against mortgage lender Countrywide Financial Corp., its chief executive officer and its subsidiaries on June 25, alleging that the defendants' issuance of subprime mortgage loans and underwriting standards violate Illinois lending laws (The People of the State of Illinois v. Countrywide Financial Corp., et al., No. 08CH22994, Ill. Cir., Cook Co.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 3 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 4%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>California Attorney General: Countrywide's Subprime Lending Scheme Violated State Law</title>
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<![CDATA[LOS ANGELES - The California attorney general sued Countrywide Financial Corp., two of its executive officers and two of its subsidiaries on June 25, alleging that they participated in an allegedly illegal scheme to issue subprime mortgage loans and home equity lines of credit in violation of the California Business and Professional Code (The People of the State of California v. Countrywide Financial Corp., et al., No. LC081846, Calif. Super., Los Angeles Co.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 4 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Countrywide Hit With Lawsuit By Florida Attorney General Over Its Subprime Lending Activities</title>
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<![CDATA[TALLAHASSEE, Fla. - The Florida attorney general sued subprime mortgage lender Countrywide Financial Corp., its chief executive officer and a subsidiary on June 30, alleging that they violated Florida lending laws in connection with the issuance of subprime mortgage loans (Office of the Attorney General, Department of Legal Affairs, State of Florida v. Countrywide Financial Corp., et al., No. 08-30105, Fla. Cir., Broward Co.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 5 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 6%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Fremont General's Bankruptcy Filing Automatically Stays ERISA Case</title>
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<![CDATA[LOS ANGELES - The Employee Retirement Income Security Act (ERISA) breach of fiduciary duty case brought by participants in Fremont General Corp.'s 401(k) plan and employee stock ownership plan was stayed by a federal judge in California on June 30 in light of Fremont General's bankruptcy filing (In re Fremont General Corporation Litigation, No. 2:07-cv-02693, C.D. Calif.; See June 2008, Page 5). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 6 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 7%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>REIT Seeks Dismissal Of 401(k) Participant's ERISA Fiduciary Duty Claims</title>
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<![CDATA[SANTA ANA, Calif. - Impac Mortgage Holdings Inc. is seeking dismissal of Employee Retirement Income Security Act (ERISA) breach of fiduciary duty claims brought by a participant in Impac's 401(k) plan related to the plan's investment in company stock when the company's business was faltering as a result of the subprime mortgage crisis (Sharon Page v. Impac Mortgage Holdings Inc., et al., No. 07-1447, C.D. Calif.; See April 2008, Page 12). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 7 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 8%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Parties Ask Judge To Determine Whether CAFA Prohibits Removal Of Action From State Court</title>
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<![CDATA[CENTRAL ISLIP, NY - A retirement system and defendants in a class action lawsuit asked a federal judge on June 6 to decide whether the action should be remanded to state court pursuant to the Class Action Fairness Act of 2005 (CAFA) (City of Ann Arbor Employees' Retirement System v. Citigroup Mortgage Loan Trust Inc., et al., No. 08-1418, E.D. N.Y.; See May 2008, Page 12). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 8 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 9%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholders: Fremont General, Officers Concealed Company's Exposure To Subprime Crisis</title>
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<![CDATA[LOS ANGELES - Shareholders filed a class action lawsuit against holding company Fremont General Corp. and certain of its executive officers on June 12, alleging that the defendants concealed the company's exposure to the subprime mortgage lending crisis in violation of federal securities laws (Felice Atencio, et al. v. Fremont General Corp., et al., No. 08-3862, C.D. Calif.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 9 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 10%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Fund: Defendants Participated In Illegal Home Appraisal Scheme With Subprime Mortgage Lender</title>
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<![CDATA[NEW YORK - A county retirement fund filed a class action lawsuit against a business information provider and its executive officers on June 23, alleging that the defendants concealed their participation in an illegal mortgage appraisal scheme with subprime mortgage lender Washington Mutual Inc. (WaMu) in violation of federal securities laws (Berks County Employees' Retirement Fund v. First American Corp., et al., No. 08-5654, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 10 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 11%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Defendants Misstated Company's Involvement In Subprime Crisis, Shareholder Argues</title>
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<![CDATA[CINCINNATI - A shareholder on June 20 filed a class action lawsuit against a financial services holding company, its chief executive officer and seven underwriters of the company's stock offering, alleging that they issued a series of misrepresentations concerning the company's involvement in the subprime lending and credit crisis in violation of federal securities laws (The Eshe Fund v. Fifth Third Bancorp, et al., No. 08-0421, S.D. Ohio). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 11 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 12%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Defendants: Shareholders Have Failed To Show Scienter, Loss Causation, Misrepresentation</title>
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<![CDATA[FORT LAUDERDALE, Fla. - A consolidated amended class action complaint claiming that a subprime mortgage lender and certain of its executive officers issued misrepresentations concerning the lender's exposure to the subprime mortgage crisis in violation of federal securities laws should be dismissed with prejudice because shareholders failed to properly plead scienter and loss causation, as well as why the statements were misleading, defendants said June 6 (Joseph C. Hubbard v. BankAtlantic Bancorp, Inc. et al., No. 07-61542, S.D. Fla.; See November 2007, Page 19). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 12 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 13%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholders: Defendants Misled; Motion To Dismiss Should Be Denied</title>
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<![CDATA[SAN FRANCISCO - Dismissal of a consolidated complaint against a real estate investment trust that invested in subprime mortgage securities is not proper because shareholders that filed the complaint have properly stated a claim for relief, the shareholders argue in a June 5 opposing brief (In re Luminent Mortgage Capital, Inc. Securities Litigation, No. 07-4073, N.D. Calif.; See June 2008, Page 11). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 13 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 14%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Investors Argue That Defendants Misrepresented Fund's Investment In Subprime-Backed Securities</title>
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<![CDATA[BOSTON - The adviser for an investment fund, its executive officers, trustees and subsidiaries issued a series of misrepresentations in the registration statement and prospectus for the fund's offering by failing to properly disclose that the fund was invested in subprime-backed securities in violation of federal securities laws, shareholders argue in a class action complaint, filed June 23 in federal court (Thomas G. Keefe, et al. v. Evergreen Investment Management Co. LLC, et al., No. 08-11064, D. Mass.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 14 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 15%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Fund Demands Case Be Remanded To State Court</title>
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<![CDATA[NEW YORK - A shareholder class action lawsuit should not have been removed to federal court by defendants and should be remanded to state court pursuant to federal securities laws, the shareholders argue in a June 20 motion to remand (New Jersey Carpenters Vacation Fund v. HarborView Mortgage Loan Trust 2006-4, et al., No. 08-5093, S.D. N.Y.; See June 2008, Page 18). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 15 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 16%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholder: Lehman Brothers Failed To Disclosure Negative Exposure To Subprime Crisis</title>
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<![CDATA[NEW YORK - A union annuity fund filed a class action complaint against securities firm Lehman Brothers Holdings Inc. and its executive officers on June 18, alleging that the defendants issued a series of misrepresentations concerning the company's exposure to the subprime mortgage lending crisis in violation of federal securities laws (Operative Plasterers and Cement Masons International Association Local 262 Annuity Fund v. Lehman Brothers Holdings, Inc., et al., No. 08-5523, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 16 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 17%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Judge Denies Property Owners' Preliminary Injunction Against Subprime Lenders, Home Builders</title>
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<![CDATA[FORT MYERS, Fla. - A federal judge on June 16 ruled that property owners have failed to show that an emergency preliminary injunction is proper against defendants in a class action lawsuit because they are attempting to stop the defendants from "resolving their dispute" outside of the class action and because the judge lacked authority to issue a ruling against the nonparty financial institutions contacting potential class members (Randolph Sewell, et al. v. D'Alessandro &amp; Woodyard, Inc., et al., No. 07-343, M.D. Fla.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 17 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 18%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholders Argue That They Have Properly Pleaded Scienter, Shown Demand To Be Futile</title>
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<![CDATA[NEW YORK - Shareholders in a class action lawsuit against American International Group Inc. and certain of its executive officers and outside directors asked a federal judge on June 16 to deny the defendants' motions to dismiss because they have properly shown that demand was futile and have properly pleaded scienter (In re American International Group, Inc. 2007 Derivative Litigation, No. 07-10464, S.D. N.Y.; See May 2008, Page 13). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 18 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 19%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Borrower Not Entitled To Temporary Restraining Order In Foreclosure Action, Judge Rules</title>
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<![CDATA[SAN DIEGO - A borrower is not entitled to a temporary restraining order barring a company from going forward with a separate unlawful detainer action because the borrower has failed to show a federal judge how he could "enjoin another pending federal case," the judge ruled July 3 (Maria R. Metcalf v. Drexel Lending Group, et al., No. 08-0731, S.D. Calif.; 2008 U.S. Dist. LEXIS 51179). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 19 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Borrower Lacks Standing To Bring Federal Lending Law Claims, Judge Rules</title>
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<![CDATA[DALLAS - A federal judge on July 1 dismissed a borrower's complaint alleging violations of state and federal mortgage lending laws because the borrower lacks standing to bring such claims (Gerald T. Patterson v. Sierra Pacific Mortgage Company, Inc., et al., No. 07-1601, N.D. Texas; 2008 U.S. Dist. LEXIS 50157). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 20 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 21%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Action Lacks Federal Subject Matter Jurisdiction, Federal Judge Rules</title>
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<![CDATA[SAN DIEGO - Dismissal of a complaint filed by borrowers alleging that mortgage lenders and the previous owners of their home committed fraud and implemented deceptive and unfair trade practices under Section 17200 of the California Business and Practices Code is proper because the action lacks federal subject matter jurisdiction, a federal judge ruled July 2 (Jesus Tina, et al. v. Home Capital Funding, et al., No. 08-1167, S.D. Calif.; 2008 U.S. Dist. LEXIS 51608). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 21 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Borrowers' RESPA Claims Against Washington Mutual Survive Motion To Dismiss</title>
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<![CDATA[PHILADELPHIA - Borrowers' claims against mortgage lending giant Washington Mutual Inc. (WAMU) and its subsidiaries for alleged violations of the Real Estate Settlement Procedures Act (RESPA) survived the defendants' motion to dismiss because the claims are not time-barred or subject to RESPA's safe-harbor provision, a federal judge ruled June 30 (Robert Alexander, et al. v. Washington Mutual, Inc., et al., No. 07-4426, E.D. Pa.; 2008 U.S. Dist. LEXIS 50523). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 22 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Plaintiffs Failed To Properly Bring Claims, Federal Judge Rules</title>
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<![CDATA[WASHINGTON, D.C. - Dismissal of claims against a mortgage lender is proper because the plaintiffs who brought the action were not a party to any transactions with the lender or failed to bring the claims, as required, in a related state court eviction action, a federal judge ruled June 23 (Joanne Blue, et al. v. Fremont Investment &amp; Loan, et al., No. 08-729, D.C. Dist.; 2008 U.S. Dist. LEXIS 47698). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 23 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 24%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Judge: Insurance Company Suffered Prejudice Resulting From Untimely Notice Of Foreclosure</title>
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<![CDATA[GREEN BAY, Wis.-</title>
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<![CDATA[A federal judge on June 27 granted a renewed motion for summary judgment to an insurance company, finding that the company suffered prejudice as a result of the untimely notice of foreclosure made by a mortgage company (Countrywide Home Loans, Inc. v. Stewart Title Guaranty Company, No. 06-C-1254, E.D. Wis.; 2008 U.S. Dist. LEXIS 49233). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 24 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 25%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Defendants Did Not Violate Federal Mortgage Lending Laws, Federal Judge Rules</title>
<description>
<![CDATA[DETROIT - A federal judge on June 24 dismissed a borrower's complaint against a lender and three banks seeking to quiet title on property subject to a mortgage loan received by the borrower and ruled that the defendants have not violated any federal mortgage lending laws in seeking foreclosure on the property (Mikel D. Pistole v. Mortgage Electronic Registration Systems Inc., et al., No. 07-12228, E.D. Mich.; 2008 U.S. Dist. LEXIS 48262). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 25 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 26%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Borrowers Entitled To Serve Answer, Conduct Discovery In Foreclosure Action, Judge Rules</title>
<description>
<![CDATA[MINEOLA, NY - A New York judge ruled July 10 that borrowers subject to foreclosure on their property are entitled to serve and answer and conduct discovery as part of the foreclosure action, but they are not entitled to dismissal of the action (Washington Mutual Bank v. Oleg Shomolov, et al., No. 02140/07, N.Y. Sup. Nassau Co.; 2008 N.Y. Misc. LEXIS 4067). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 26 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Borrowers Failed To Properly State Their Unconscionable Contract Claim, Judge Rules</title>
<description>
<![CDATA[BECKLEY, W.Va. - Borrowers have failed to properly state a cause of action against a lender because they have failed to show that the lender was a party to the original mortgage contract, a federal judge ruled June 30 (James T. Green, et al. v. Select Portfolio Servicing, Inc., et al., No. 08-0198, S.D. W.Va.; 2008 U.S. Dist. LEXIS 49855). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 27 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 28%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Jury Should Decide Outcome Of Remaining Claims In Class Action Lawsuit, Judge Rules</title>
<description>
<![CDATA[HUNTINGTON, W.Va. - Dismissal and summary judgment of a number of claims against a mortgage lender's trustee is not proper because the arguments made by the borrower bringing them are best left to be decided by a jury, a federal judge ruled June 24 (William A. Rewalt, et al. v. Draper &amp; Goldberg, PLLC, No. 06-0540, S.D. W.Va.; 2008 U.S. Dist. LEXIS 48875). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 28 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 29%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Company Entitled To Retention Of Liquidated Damages Deposit, 8th Circuit Panel Rules</title>
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<![CDATA[ST. LOUIS - A district court properly ruled that a life insurance company was entitled to retain a 3 percent liquidated damages deposit as part of a failed loan agreement with another party because the damages deposit is "reasonable" and "falls within industry standards," an Eighth Circuit U.S. Court of Appeal panel ruled June 26 (Ladco Properties XVII v. Jefferson-Pilot Life Insurance Co., No. 07-3820, 8th Cir.; 2008 U.S. App. LEXIS 13453). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 29 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>3rd Circuit Affirms: Loan May Not Be Rescinded; Debtor Failed To Meet Criteria</title>
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<![CDATA[PHILADELPHIA - A panel of the Third Circuit U.S. Court of Appeals on June 27 affirmed a district court ruling that held that a debtor could not rescind a loan she obtained in refinancing her home mortgage, which later led to her bankruptcy filing, because she failed to meet criteria under a federal home ownership act (Margaret Fields v. Option One Mortgage Corporation [In Re: Margaret Fields], No. 06-3942, Chapter 13, 3rd Cir.; 2008 U.S .App. LEXIS 13595). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 30 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Mortgage Lender Has Failed To Properly Show Damages, Judge Rules</title>
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<![CDATA[CHICAGO - Defendants in a mortgage fraud lawsuit are entitled to summary judgment because the mortgage lender bringing the action failed to properly prove damages, a federal judge ruled July 11 (Freedom Mortgage Corp. v. Burnham Mortgage, Inc., et al., No. 03-6508, N.D. Ill.; 2008 U.S. Dist. LEXIS 54465). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 31 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 32%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Court Lacked Authority To Grant Injunction, 11th Circuit Panel Rules</title>
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<![CDATA[ATLANTA - A federal court erred in granting a limited liability corporation's motion for preliminary injunction against a holding company, its manager and lender because the limited liability company sought only damages, an 11th Circuit U.S. Court of Appeals panel ruled July 3 in an unpublished, per curiam opinion (Noventa Ocho LLC v. PBD Properties LLC, et al., No. 08-10035, 11th Cir.; 2008 U.S. App. LEXIS 14220). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 32 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Borrower's Inability To Enter Home May Constitute An Ongoing Trespass By Lender, Panel Rules</title>
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<![CDATA[LANSING, Mich. - Although a lender was entitled under the terms of a mortgage loan to enter a borrower's property that was subject to foreclosure proceedings and secure and winterize her house to protect its security interest, its continued use of locking devices that kept the borrower from being able to enter the home constitutes an ongoing trespass, a Michigan Court of Appeals panel ruled July 15, affirming in part and reversing in part an unpublished per curiam opinion (Colleen Kiley v. Chase Manhattan Mortgage Co., No. 277783, Mich. App.; 2008 Mich App. LEXIS 1441). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 33 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Carrier Has Duty To Defend Insured; Claim Did Not Arise Out Of Defective Deed Or Title</title>
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<![CDATA[ATLANTA - An errors and omissions insurer has a duty to defend its insured mortgage banker against underlying claims of breach of contract and negligent misrepresentation because those claims did not arise out of a defective deed or title, an excluded cause of loss, the 11th Circuit U.S. Court of Appeals said July 10, noting that a defective title was not necessary for those claims to survive (USMoney Source Inc., d/b/a Soluna First v. American International Specialty Lines Insurance Co., No. 08-10686, 11th Cir.; 2008 U.S. App. LEXIS 14728). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 34 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-10 Mealeys Mortgage Lending 35%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Holland &amp; Hart Adds Subprime Mortgage Group</title>
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<![CDATA[DENVER - The law firm of Holland &amp; Hart recently announced the formation of a subprime mortgage lending litigation practice group. 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-10 Mealey's Mortgage Lending 35 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>ERISA Claims Related To Fremont General's 401(k), ESOP Survive</title>
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<![CDATA[LOS ANGELES - Participants in Fremont General Corp.'s 401(k) plan and employee stock ownership plan may continue with their Employee Retirement Income Security Act (ERISA) breach of fiduciary duty claims based on investment of the plans' assets in the mortgage lender's company stock, a federal judge in California ruled May 29 in denying Fremont's motion to dismiss the participants' consolidated complaint (In re Fremont General Corporation Litigation, No. 2:07-cv-02693, C.D. Calif.; See February 2008, Page 11). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 1 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Wachovia Hit With ERISA Breach Of Fiduciary Duty Lawsuit</title>
<description>
<![CDATA[NEW YORK - Participants in Wachovia Corp.'s defined contribution pension plan on June 11 filed a class action complaint against Wachovia and certain of its officers and directors alleging that the defendants violated the Employee Retirement Income Security Act (ERISA) by continuing to invest in and hold Wachovia stock when they knew or should have known that such an investment was imprudent due to Wachovia's mortgage lending practices (Todd A. Wright v. Wachovia Corp., et al., No. 08-5324, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 2 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Shareholder Failed To Plead Falsity, Scienter, Federal Judge Rules In Dismissing Complaint</title>
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<![CDATA[KANSAS CITY, Mo. - A shareholder has failed to properly plead falsity and scienter in making his federal securities law claims against a subprime mortgage lender and its executive officers, and amending his complaint would be futile, a federal judge ruled June 4 in dismissing the shareholder's amended complaint with prejudice (In re 2007 Novastar Financial, Inc. Securities Litigation, No. 07-0139, W.D. Mo.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 3 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 4%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Federal Judge Rules That Shareholders Have Failed To Properly Plead Scienter</title>
<description>
<![CDATA[LOS ANGELES - Shareholders have failed to properly plead scienter with the requisite specificity as required under federal statute, a federal judge ruled May 19 in granting in part and denying in part a motion to dismiss a class action lawsuit alleging federal securities law violations by the executive officers of a home building and mortgage financing company (Vinod Patel v. Andrew H. Parnes, et al., No. 07-5364, C.D. Calif.; 2008 U.S. Dist. LEXIS 46630). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 4 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 5%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholder Claims That He Has Properly Pleaded Federal Securities Law Claims</title>
<description>
<![CDATA[NEW YORK - Two motions to dismiss a shareholder class action lawsuit for alleged violations of federal securities laws should be denied because the shareholder has properly stated a claim for relief and has properly pleaded scienter and loss causation, the shareholder argues in opposition briefs filed May 16 in the U.S. District Court for the Southern District of New York (In re Tarragaon Corp. Securities Litigation, No. 07-7972, S.D. N.Y.; See May 2008, Page 7). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 5 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 6%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholders, Defendants Ask Judge To Decide Whether Claims Have Been Properly Pleaded</title>
<description>
<![CDATA[PHILADELPHIA - Shareholders and defendants in a securities class action lawsuit are asking a federal judge to decide whether the shareholders have properly stated a claim for relief in alleging that the defendants violated federal securities laws by issuing a series of misrepresentation concerning a real estate investment trust's exposure to the subprime mortgage lending crisis (In re RAIT Financial Trust Securities Litigation, No. 07-3148, E.D. Pa.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 6 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Defendants: Shareholders Have Failed To Properly State A Claim For Relief</title>
<description>
<![CDATA[SAN FRANCISCO - Defendants in a class action lawsuit recently asked a federal judge to dismiss a consolidated complaint filed by shareholders alleging violations of federal securities laws because the shareholders have failed to properly state a claim for relief (In re Luminent Mortgage Capital, Inc. Securities Litigation, No. 07-4073, N.D. Calif.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 7 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Shareholders Fail To Properly State A Claim For Relief, Defendants Argue</title>
<description>
<![CDATA[NEW YORK - Defendants in a securities class action lawsuit asked a federal judge on April 22 to dismiss an amended complaint because the shareholders that brought the complaint failed to properly state their federal securities law claims (Briarwood Investments, Inc. v. Care Investment Trust Inc., et al., No. 07-8159, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 8 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 9%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Wachovia Misrepresented Status Loan Underwriting Practices, Investors Allege</title>
<description>
<![CDATA[SAN FRANCISCO - A retirement system filed a class action complaint against Wachovia Corp. and its executive officers on June 6, contending that the defendants violated federal securities laws by misrepresenting the company's underwriting standards with regard to its exposure to the subprime mortgage lending crisis (Bristol County Retirement System v. Wachovia Corp., et al., No. 08-2844, N.D. Calif.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 9 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 10%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholders: Securities Act Claims May Not Be Removed From State To Federal Court</title>
<description>
<![CDATA[CLEVELAND - Shareholders in a securities class action lawsuit asked a federal judge on May 28 to remand the class action to state court because claims under the Securities Act of 1933 (Securities Act) may not be removed from state to federal court (Lisa Parker, et al. v. National City Corp., et al., No. 08-1247, N.D. Ohio). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 10 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 11%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Investor: Holding Company Misrepresented Its Exposure To Subprime-Backed Securities</title>
<description>
<![CDATA[LOS ANGELES - A holding company that invested in subprime-backed securities and its executive officers violated federal securities laws by misrepresenting the company's business and financial condition with regard to its exposure to the subprime mortgage lending crisis, a shareholder argues in a class action lawsuit filed June 10 (John Folsom v. IndyMac Bancorp, Inc., et al., No. 08-3812, C.D. Calif.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 11 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 12%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholder: Defendants Concealed Financial Status Of Credit Default Swap Portfolio</title>
<description>
<![CDATA[NEW YORK - A shareholder filed a class action complaint against American International Group Inc. (AIG) and several of its executive officers and directors on May 22, alleging that the defendants issued a series of false and misleading statements in violation of federal securities laws (Jacksonville Police and Fire Pension Fund v. American International Group, Inc., et al., No. 08-4772, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 12 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 13%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Defendants In Class Action Lawsuit Remove Action To Federal Court</title>
<description>
<![CDATA[NEW YORK - Defendants in a shareholder class action lawsuit filed by a carpenters vacation fund removed the action to federal court on June 3 (New Jersey Carpenters Vacation Fund v. HarborView Mortgage Loan Trust 2006-4, et al., No. 08-5093, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 13 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 14%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Parties Ask Court To Determine Whether Action Should Be Dismissed Under McWane Doctrine</title>
<description>
<![CDATA[WILMINGTON, Del. - A pension fund and defendants in a shareholder derivative lawsuit are asking a Delaware Chancery Court to decide whether the action should be dismissed or stayed pursuant to Delaware Supreme Court precedent regarding first-filed actions in federal courts (Sheet Metal Workers' National Pension Fund v. Ian J. McCarthy, et al., No. 3225-VCL, Del. Chanc., New Castle Co.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 14 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 15%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Bank Of America, Subsidiaries Misrepresented Status Of ARS, Shareholder Claims</title>
<description>
<![CDATA[SAN FRANCSICO - A shareholder filed a class action lawsuit against Bank of America Corp. and two of its subsidiaries on May 22, claiming that the defendants misrepresented the financial status of the company's auction rate securities (ARS) in violation of federal securities laws (Richard S. Bondar v. Bank of America Corp., et al., No. 08-2599, N.D. Calif.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 15 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 16%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Borrowers Failed To Properly State Their Fraud Claims Against Lender, Judge Rules</title>
<description>
<![CDATA[NEWARK, N.J. - Dismissal of the remaining claims against a lender and its chief executive officer is proper because the borrowers that filed the complaint have failed to properly state their fraud claims, a federal judge ruled June 5 in an unpublished opinion (Laura Busse and Richard Busse v. Homebank, LLC, et al., No. 07-3495, D. N.J.; 2008 U.S. Dist. LEXIS 44380). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 16 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 17%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Panel Rules That Claims Were Properly Dismissed As Time-Barred</title>
<description>
<![CDATA[WASHINGTON, D.C. - A district court properly dismissed a lawsuit filed by the executors of a woman's estate alleging that a lender violated state and federal law by issuing the woman a fraudulent mortgage loan because the lawsuit was barred by the pertinent statute of limitations, a District of Columbia Circuit U.S. Court of Appeals panel ruled May 23 in a per curiam opinion (Talmadge Hancock and Oveda Hancock v. Homeq Servicing Corp., et al., No. 07-7076, D.C. Cir.; 2008 U.S. App. LEXIS 11053). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 17 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 18%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Judge Rules Amended Complaint Untimely, Grants Motion to Dismiss</title>
<description>
<![CDATA[MOBILE, Ala. - A federal judge on June 10 granted a motion to dismiss, finding that the borrowers' rescission of loan was time-barred under the Truth in Lending Act (TILA) and, thus, that the amended complaint was untimely (John McMillian, et al. v. AMC Mortgage Services, Inc. f/ka Bedford Home Loans, Inc., No. 07-0773-WS-M, M.D. Ala.; 2008 U.S. Dist. LEXIS 45519). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 18 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 19%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Mortgagors Have Properly Stated Their TILA Claim, Federal Judge Rules</title>
<description>
<![CDATA[MINNEAPOLIS - Mortgagors have standing and have properly shown actual harm as a result of a mortgage servicing company's alleged improper charging of fees, costs and charges on mortgage accounts to make their Truth in Lending Act (TILA) claim, a federal judge ruled May 30 in granting in part and denying part the servicer's motion to dismiss the class action complaint (Louis Motley, et al. v. Homecomings Financial, LLC f/k/a Homecomings Financial Network, Inc., No. 08-339, D. Minn.; 2008 U.S. Dist. LEXIS 43374). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 19 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 20%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Home Builder Failed To Properly State His Claims, Federal Judge Rules</title>
<description>
<![CDATA[GREENVILLE, S.C. - A federal judge on June 9 adopted and accepted three reports and recommendations (R&amp;Rs) by a federal magistrate judge, granted summary judgment to defendants in a class action lawsuit alleging violations of state and federal mortgage lending laws and denied several motions filed by a home builder, ruling that the builder failed to properly state his claims (Christopher Bernard Jones v. Perry S. Luthi Sr., et al., No. 06-2202, D. S.C.; 2008 U.S. Dist. LEXIS 45330). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 20 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 21%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Virginia High Court: Trial Court Properly Dismissed Amended Complaint With Prejudice</title>
<description>
<![CDATA[RICHMOND, Va. - A state trial court did not err in granting a finance company's demurrer and plea in bar because a borrower failed to properly state a cause of action and because his claims were barred by the applicable statutes of limitations, the Virginia Supreme Court ruled June 6 (Harold Schmidt v. Household Finance Corp. II, No. 071292, Va. Sup.; 2008 Va. LEXIS 75). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 21 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 22%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Lender Didn't Breach Terms Of Forbearance Agreement With Property Owner, Judge Rules</title>
<description>
<![CDATA[INDIANAPOLIS - A property owner has failed to show that a mortgage lender breached its contract or committed fraud by inducement for foreclosing on the property after agreeing to a five-month forbearance agreement because the property owner has failed to show that the lender violated any terms of the agreement, a federal judge ruled June 3 (Willie Turner v. First Horizon Home Loan Corp. f/k/a/ FT Mortgage Companies, No. 06-1454, S.D. Ind.; 2008 U.S. Dist. LEXIS 43602). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 22 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 23%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Massachusetts Attorney General Alleges Civil Rights Violations By H&amp;R Block</title>
<description>
<![CDATA[BOSTON - The Massachusetts attorney general filed a lawsuit against H&amp;R Block Inc. and its subprime mortgage lending subsidiaries on June 3, alleging that the defendants "engaged in unfair and deceptive" lending practices by discriminating against black and Latino borrowers, resulting in an increase in the number of foreclosures in the commonwealth (Commonwealth of Massachusetts v. H&amp;R Block, Inc., et al., No. 08-2474-BLS, Mass. Super.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 23 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 24%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>New York Bankruptcy Judge: Automatic Stay Violated By Foreclosure Sale</title>
<description>
<![CDATA[NEW YORK - A New York bankruptcy judge on June 5 ruled that a lender, its agent and an official presiding over a foreclosure sale violated the automatic stay in bankruptcy proceeding when they conducted the foreclosure sale after being notified that the homeowner had filed for bankruptcy (In Re: Judith Anne Crawford, No. 07-36853, Chapter 13, S.D. N.Y. Bkcy; 2008 Bankr. LEXIS 1670). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 24 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 25%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Reformatting Of Hard Drives Warrants Adverse Inference, Magistrate Says</title>
<description>
<![CDATA[RENO, Nev. - A federal magistrate judge on May 16 found that an adverse inference jury instruction was a proper sanction for a man's decision to reformat two computer hard drives just weeks after a financial institution inquired about the production of the drives but before moving to compel their production (Wes Johnson v. Wells Fargo Home Mortgage Inc., No. 05-CV-321, D. Nev.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 25 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 26%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Borrowers Meet Statutory Requirements For Class Certification, Judge Rules</title>
<description>
<![CDATA[TOLEDO, Ohio - A federal judge on June 4 ruled that class certification of a lawsuit brought by borrowers alleging that a title insurance company violated Ohio law regarding fees charged for obtaining title insurance on the refinancing of mortgage loans is proper because the borrowers properly satisfy the statutory requirements for class certification (Jerry Randleman, et al. v. Fidelity National Title Insurance Co., No. 06-7049, N.D. Ohio; 2008 U.S. Dist. LEXIS 44062). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 26 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 27%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Federal Judge Awards Alabama Husband And Wife $127,146.17</title>
<description>
<![CDATA[DOTHAN, Ala.-</title>
<description>
<![CDATA[An Alabama husband and wife were awarded $127,146.17 in compensatory, statutory and punitive damages on May 27 by a federal judge, who found that the foreclosure on their home was a result of a corporation's negligence, fraudulent misrepresentation and violations of the Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA) and Fair Credit Reporting Act (FCRA) (John David Brannon and Teresa Gayle Brannon v. Bridge Capital Corporation, No. 1:06cv996-MHT [WO], M.D. Ala.; 2008 U.S Dist. LEXIS 41949). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 27 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 28%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Federal Judge Rules That Borrowers Have Properly Stated Their FDCPA Claim</title>
<description>
<![CDATA[OMAHA, Neb. - A federal judge on May 30 denied a lender's motion to dismiss a complaint filed by borrowers alleging that the lender violated the Fair Debt Collection Practices Act (FDCPA) in its actions in conjunction with a foreclosure on the borrowers' property, ruling that the borrowers properly pleaded their FDCPA claim (Charles M. Lemp and Judith M. Devall-Lemp v. Ocwen Loan Servicing, LLC, et al., No. 08-35, D. Neb.; 2008 U.S. Dist. LEXIS 42849). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 28 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 29%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Judge: Borrower Failed To Show That Deutsche Bank Is Not Holder Of Mortgage Note</title>
<description>
<![CDATA[CLEVELAND - A borrower has failed to provide any evidence refuting a lender's claim that it is the holder of the title on the borrower's mortgage, a federal judge ruled May 27 in granting the lender's motion for summary judgment (Deutsche Bank National Trust Co. v. Antoinette Dottore, No. 07-3359, N.D. Ohio; 2008 U.S. Dist. LEXIS 41834). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 29 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 30%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Texas Bankruptcy Judge Certifies Class Alleging Lender Charged For Fees Not Incurred</title>
<description>
<![CDATA[SAN ANTONIO - A Texas bankruptcy judge on June 3 certified a class action comprising individuals who allege that they have been overcharged by a mortgage company for fees related to bankruptcy proceedings when the lender has not actually incurred the expenses (Valerie Mounce v. Wells Fargo Home Mortgage Inc. [In Re: Andrew Mounce, et al.], No. 03-55022, Adv. No. 04-05182, Chapter 7, W.D. Texas Bkcy., San Antonio Div.; 2008 Bankr. LEXIS 1653). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 30 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Texas Appeals Panel Affirms Exemplary Damages Award Against Mortgage Company</title>
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<![CDATA[DALLAS - A couple is entitled to $125,000 in exemplary damages from a mortgage company because the evidence at trial was sufficient for a jury to find that the company's collection efforts were malicious, a Texas appeals panel held May 7 (EMC Mortgage Corp. v. Mark Jones and Patricia S. Jones; Texas App., 5th Dist.; 2008 Tex. App. LEXIS 3270). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 31 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 32%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Court: Federal Lender Suffered Losses, Properly Excluded Private Lender</title>
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<![CDATA[SAN FRANCISCO - A federal lender did not violate the unfair competition law (UCL) by excluding a company from future deals based on losses caused by the company's practice of encouraging quick refinancing, a federal appeals court held May 7 (Family Home and Finance Center Inc., a California corporation d/b/a Park Place Funding; Daisy J. Phillips, also known as DJ Phillips, doing business as All Star Financial; Mark Gallagher v. Federal Home Loan Mortgage Corp., No. 06-56521, 9th Cir.; 2008 U.S. App. LEXIS 9726). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 32 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 33%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>2 Bear Stearns Fund Managers Charged With Securities Fraud In Funds' Subprime Meltdown</title>
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<![CDATA[BROOKLYN, NY - Two Bear Stearns senior portfolio managers misled investors into believing that they were investing in "low-risk, 'high grade' debt securities," leading to losses totaling $1.4 billion, according to a federal indictment that was unsealed June 19 in federal court (United States of America v, Ralph Cioffi and Matthew Tannin, No. 08-0415, E.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 33 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 34%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>New York Governor, Legislature Reach Agreement On Reforms In Response To Mortgage Crisis</title>
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<![CDATA[ALBANY, NY - New York Gov. David A. Paterson announced June 19 that he had reached an agreement with the state Legislature to pass a comprehensive subprime lending reform bill. 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 34 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>U.S. Department Of Justice Charges More Than 400 As Part Of Operation 'Malicious Mortgage'</title>
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<![CDATA[WASHINGTON, D.C. - The U.S. Department of Justice and Federal Bureau of Investigation announced June 19 in a joint press release that 406 mortgage lenders from throughout the country have been charged with various mortgage fraud-related charges as part of a "national takedown of mortgage fraud schemes." 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 35 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 36%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>New York Attorney General Reaches Reform Agreements With Top Credit Ratings Agencies</title>
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<![CDATA[ALBANY, NY - New York Attorney General Andrew Cuomo issued a press release on June 5 announcing that he had reached "landmark agreements" with three of the nation's top principal credit ratings agencies to "reform the Residential Mortgage-Backed Securities market." 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 36 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>The Subprime Crisis: A Briefing For Insurance Company Claim Professionals1</title>
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<![CDATA[By Jack Cuff, JD, CPCU, ARe The wave of litigation stemming from the collapse of the US subprime mortgage industry will likely reach new records of questionable distinction. They could include some of the highest levels of settlement amounts, parties sued, parties suing, and accounting complexity. By many yardsticks it will probably dwarf the lawsuits arising out past financial crises such as the October 1987 stock market crash, the savings and loan debacle in the late 1980's2 as well as the Enron/WorldCom accounting improprieties earlier in this decade. Insurers are bound to be drawn deeply into it on many fronts. 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 37 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-9 Mealeys Mortgage Lending 38%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Auction Rate Securities: Going Once, Going Twice, Or Not Going At All? Evaluating The Latest Fallout Of The Credit Crunch</title>
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<![CDATA[By Eric C. Scheiner and Jennifer Quinn Broda With the recent collapse of the auction rate securities market, insurers should prepare for yet another source of exposure in the credit crunch. Before the collapse, the auction rate securities market had grown to an estimated $325 to $360 billion.1 Part of the attraction for investors of these securities was their liquidity, as well as the belief that they were safe, alternative, high-yield investments to money markets and certificates of deposit. However, unbeknownst to some investors, the liquidity of these securities was tied directly to the success of the weekly or monthly auctions where these securities were sold. While failed auctions were a rarity in the past, in February 2008, due in part to the recent downgrading of bond insurers as a result of the subprime mortgage market collapse, hundreds of auctions for these securities began to fail, impairing the liquidity, and potentially the value, of these investments. 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-9 Mealey's Mortgage Lending 38 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Federal Judge Rules That Shareholders Have Properly Pleaded Scienter</title>
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<![CDATA[LOS ANGELES - Shareholders have properly shown that defendants in a shareholder derivative and class action lawsuit acted with scienter and were interested in the outcome of an internal investigation, a federal judge ruled May 14 in denying two motions to dismiss and granting a third (In re Countrywide Financial Corp. Derivative Litigation, No. 07-06923, C.D. Calif.; 2008 U.S. Dist. LEXIS 40754; See January 2008, Page 6). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 1 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-8 Mealeys Mortgage Lending 2%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Shareholder Failed To Properly Plead Federal Securities Law Claims, Defendants Argue</title>
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<![CDATA[SANTA ANA, Calif. - Defendants in a securities class action lawsuit moved to dismiss the action on March 10, claiming that the shareholder bringing the action has failed to properly plead his federal securities law claims (Sheldon Pittleman v. Impac Mortgage Holdings Inc., et al., No. 07-0970, C.D. Calif.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 2 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-8 Mealeys Mortgage Lending 3%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Defendants Argue That Lead Plaintiff Has Failed To Properly Plead His Securities Claims</title>
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<![CDATA[NEW YORK - A homebuilder and developer and its executive officers and auditor asked a federal judge in separate motions on April 4 to dismiss an amended class action complaint filed against them for alleged violations of federal securities laws because the lead plaintiff has failed to properly plead his claims (In re Tarragon Corp. Securities Litigation, No. 07-7972, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 3 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Defendants Acted With Requisite Scienter, Shareholders Allege In Opposition Brief</title>
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<![CDATA[LOS ANGELES - A federal judge should not dismiss shareholders' federal securities law claims against a subprime mortgage lender and certain of its executive officers because the shareholders have properly pleaded scienter, the shareholders claim in a March 20 brief filed in opposition to the defendants' motion to dismiss (Wayman Tripp and Sven Mossberger, et al. v. IndyMac Bancorp, Inc., et al., No. 2:07-cv-01635-GW-VBK, C.D. Calif.; See March 2008, Page 11). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 4 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Mortgage Insurer Misrepresented Involvement With Subprime Investor, Shareholder Alleges</title>
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<![CDATA[DETROIT - A retirement system filed a class action complaint against a mortgage insurer and its executive officers on May 12, alleging that the defendants misrepresented its investment in a subprime mortgage investor in violation of federal securities laws (Wayne County Employees' Retirement System v. MGIC Investment Corp., et al., No. 08-12080, E.D. Mich.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 5 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Company Misrepresented Ties To Subprime Mortgage Lender, Investor Contends</title>
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<![CDATA[COLUMBUS, Ohio - A shareholder filed a class action lawsuit against Huntington Bancshares Inc., as successor in interest to a company with ties to a subprime mortgage lender, on May 7, arguing that the company Huntington acquired misrepresented its ties to the subprime lender in violation of federal securities laws (Rick Tom v. Huntington Bancshares Inc., et al., No. 08-443, S.D. Ohio). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 6 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Shareholder Says Credit Suisse Officers Concealed Company's Exposure To Subprime Securities</title>
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<![CDATA[NEW YORK - A shareholder filed a class action complaint against Credit Suisse and several of its executive officers on April 21, contending that the defendants violated federal securities laws by concealing the company's exposure to the subprime mortgage lending crisis (Kevin Cornwell v. Credit Suisse Group, et al., No. 08-3758, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 7 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Defendants Remove Class Action Lawsuit To Eastern District Of New York</title>
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<![CDATA[CENTRAL ISLIP, NY - A securities class action lawsuit filed by a retirement system against Citigroup Mortgage Loan Trust Inc., several of its executive officers and directors and the issuers of mortgage- and asset-backed certificates in state court was recently removed to federal court (City of Ann Arbor Employees' Retirement System v. Citigroup Mortgage Loan Trust Inc., et al., No. 08-1418, E.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 8 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Defendants: Shareholders Fail To Show How AIG Officers, Directors Violated Securities Laws</title>
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<![CDATA[NEW YORK - Insurance and financial services provider American International Group Inc. (AIG), its executive officers and outside directors asked a federal judge to dismiss a shareholder derivative complaint in separate motions on April 15, arguing that the shareholders have failed to state a claim for relief and have failed to properly plead scienter (In re American International Group, Inc. 2007 Derivative Litigation, No. 07-10464, S.D. N.Y.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 9 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Investor Says MuniMae Officers, Directors Breached Their Fiduciary Duty</title>
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<![CDATA[BALTIMORE - An investor filed a shareholder derivative lawsuit against several executive officers and directors of Municipal Mortgage &amp; Equity, LLC (MuniMae) on April 1, contending that the defendants breached their fiduciary duty by concealing the debt and equity financing provider's involvement in the subprime mortgage lending crisis (Robert Staub v. Mark K. Joseph, et al., No. 08-0802, D. Md.). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 10 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-8 Mealeys Mortgage Lending 11%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Judge Rules That Insurer Did Not Breach Contract With Third-Party Beneficiary</title>
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<![CDATA[SOUTH BEND, Ind. - A federal judge granted a mortgage insurer's motion to dismiss a lawsuit filed by a third-party beneficiary on May 13, ruling that the beneficiary failed to show that the insurer owed it a contractual duty or breached its contract to cover a pool of subprime-backed pooled mortgage loans (AmericanTrust Federal Savings Bank, et al. v. Credit Suisse First Boston Corp., et al., No. 07-0302, N.D. Ind.; 2008 U.S. Dist. LEXIS 39238). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 11 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<link>http://www.mealeysonline.com/mealey/ppv/articleSearch.do?searchTerm=%22%201-8 Mealeys Mortgage Lending 12%20(2008)%20%22&amp;pageLimit=10&amp;pageNumber=0&amp;publication=All+Mealey+Publications%3BMEALEY%3BMEALEY&amp;relativeDateValue=NONE&amp;fromDate=&amp;toDate=&amp;loc=mealeysrss</link>
<title>Panel: Borrowers Failed To Show That Lender's Practices Caused Emotional Distress</title>
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<![CDATA[ALBANY, NY - A Third Department New York Supreme Court Appellate Division panel ruled May 8 that although a trial court erred in finding that a lender's motion for summary judgment was unopposed because the borrowers' opposition did not meet statutory requirements, the ruling was nonetheless correct because the borrowers failed to show that the lender's practices inflicted emotional distress upon them (Associates First Capital v. Georgianne Crabill, et al., No. 503718, N.Y. Sup., App. Div., 3rd Dept.; 2008 N.Y. App. Div. LEXIS 4019). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 12 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Lender, Subsidiaries Violated SOX Whistle-Blower Provision, Former Employee Argues</title>
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<![CDATA[HOUSTON - A subprime mortgage lender and its subsidiaries violated the whistle-blower retaliatory discharge provision of the Sarbanes-Oxley Act of 2002 (SOX) by terminating an employee who told his supervisors that the company was involved in an illegal appraisal fraud scheme with regard to its mortgage lending practices, the employee argues in a complaint filed May 12 in federal court (Mark Zachary v. Countrywide Financial Corp., et al., No. 08-1464, S.D. Texas). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 13 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Borrowers Failed To State A Claim For Relief, Federal Judge Rules</title>
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<![CDATA[CORPUS CHRISTI, Texas - Dismissal of a multidistrict class action lawsuit against a mortgage registration company for violations of federal mortgage lending laws is proper because the borrowers have failed to state a claim for relief, a federal judge ruled May 16 (In re MERSCORP Inc., et al. Real Estate Settlement Procedures Act [RESPA] Litigation, MDL No. 1810, S.D. Texas; 2008 U.S. Dist. LEXIS 40473). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 14 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Judge Rules That Borrower Has Properly Stated Her RESPA Fee-Splitting Claim</title>
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<![CDATA[CAMDEN, N.J. - A borrower's Real Estate Settlement Procedures Act (RESPA) fee-splitting claim is subject to equitable tolling from the one-year statute of limitations because the borrower has properly shown that the lender did more than just fail to disclose that certain fees were being charged for work done by a third party, a federal judge ruled May 7 (Betsy Marple v. Countrywide Financial Corp., et al., No. 07-4402, D. N.J.; 2008 U.S. Dist. LEXIS 37705). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 15 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Borrower Failed To Properly State RESPA, FDCPA, FCRA Claims, Federal Judge Rules</title>
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<![CDATA[PHILADELPHIA - Although a borrower properly stated a claim for breach of contract against a mortgage loan servicing company, she failed to properly state her other claims for relief, a federal judge ruled April 23 in dismissing an amended complaint in part (Carmella Jones v. Select Portfolio Servicing, Inc., No. 08-972, E.D. Pa.; 2008 U.S. Dist. LEXIS 33284). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 16 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Judge: Lender Violated Bankruptcy Court's Automatic Stay, RESPA</title>
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<![CDATA[TOPEKA, Kan. - A mortgage lender violated a bankruptcy court's automatic stay and the Real Estate Settlement Procedures Act (RESPA) by failing to respond to debtors' request for written clarification regarding their escrow account and by applying the debtors' payments to certain disallowed prepetition late fees, a bankruptcy court judge ruled May 6 (Willie Clarence Payne, et al. v. Mortgage Electronic Registration Systems, Inc., et al. [In re: Willie Clarence Payne], No. 01-23896, Adv. No. 04-06078, Chapter 13, D. Kan. Bkcy.; 2008 Bankr. LEXIS 1340). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 17 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Defendant's Misinterpreted Regulation To Justify Removal Of State Court Action, Judge Rules</title>
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<![CDATA[JACKSONVILLE, Fla. - Remand of a class action lawsuit is proper, a federal judge ruled May 15, because the defendants improperly claimed that certain fees and charges associated with single-premium credit insurance (SPCI) sold to borrowers after closing on their mortgages fit into a federal regulation's definition of interest to justify removal of the action from state court (Lola B. Brown, et al. v. NationsCredit Financial Services, et al., No. 07-953, M.D. Fla.; 2008 U.S. Dist. LEXIS 39543). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 18 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Claims Fail Pursuant To Rooker-Feldman Doctrine, Panel Rules</title>
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<![CDATA[PHILADELPHIA - A district court properly dismissed a borrower's lawsuit against mortgage companies pursuant to the Rooker v. Fidelity Trust Co. (263 U.S. 413, 414-15 [1923]) and District of Columbia Court of Appeals v. Feldman (460 U.S. 462 [1983]) doctrine because the borrower seeks redress from a prior state court ruling, a Third Circuit U.S. Court of Appeals panel ruled April 23 in a per curiam opinion (Sue Ellen Moncrief v. Chase Manhattan Mortgage Corp., et al., No. 07-4145, 3rd Cir.; 2008 U.S. App. LEXIS 8779). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 19 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Property Owners' Claims Barred By Rooker-Feldman Doctrine, Panel Rules</title>
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<![CDATA[PORTLAND, Ore. - A district court properly ruled that property owners' U.S. Code Sections 1983 and 362 claims as a result of a foreclosure proceeding on their property failed because the claims were time-barred because they had been previously litigated in a related state-court action, a Ninth Circuit U.S. Court of Appeals panel ruled May 8 (Kenneth L. Reusser, et al. v. Wachovia Bank, N.A., et al., No. 06-35850, 9th Cir.; 2008 U.S. App. LEXIS 9822). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 20 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Panel: State Department Of Revenue Does Not Hold 1st Priority Over Foreclosure Proceeds</title>
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<![CDATA[TOPEKA, Kan. - The Kansas Department of Revenue does not have first priority over the proceeds of a foreclosure proceeding brought by a purchase money mortgagee for unpaid tax liens because state law holds that the department's tax liens were not attached to the property until it was transferred to the buyer, a Kansas Court of Appeals panel ruled May 16 (American General Financial Services, Inc. v. Jeff L. Carter, et al., No. 98,031, Kan. App.; 2008 Kan. App. LEXIS 79). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 21 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Judge Awards Woman $50,000 In Punitives On Emotional Distress Claim</title>
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<![CDATA[TULSA, Okla. - A woman is entitled to $50,000 in punitive damages from a mortgage company that she alleged had repeatedly harassed her over a loan that it had no interest in, a federal judge ruled April 21 (CitiFinancial Mortgage Company, Inc. v. Karen Frasure and Albert Fleming, No. 06-CV-160-TCK-PJC, N.D. Okla.; 2008 U.S. Dist. LEXIS 32723). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 22 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Court Denies Homeowners' Request To Amend Complaint In Home Foreclosure Action</title>
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<![CDATA[CORPUS CHRISTI, Texas - A federal judge on April 2 refused to allow a homeowner who alleges that his house was wrongfully foreclosed on to amend his complaint and add two defendants to the lawsuit (Steven Lopez v. Countrywide Mortgage, No. C-06-116, S.D. Texas; 2008 U.S. Dist. LEXIS27213). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 23 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Freddie Mac Did Not Intentionally Interfere With Mortgage Broker's Contract, 7th Circuit Panel Rules</title>
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<![CDATA[SAN FRANCISCO - A district court did not err in finding that a mortgage broker business has failed to show that it was damaged when it was excluded from selling its loans to Federal Home Mortgage Loan Co. (Freddie Mac), a Ninth Circuit U.S. Court of Appeals panel ruled May 7 (Family Home and Finance Center, Inc, et al. v. Federal Home Loan Mortgage Corp., No. 06-56521, 9th Cir.; 2008 U.S. App. LEXIS 9726). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 24 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Panel: Florida High Court Must Decide Issues Surrounding Mortgage Loan Preparation Fees</title>
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<![CDATA[WEST PALM BEACH, Fla. - A Fourth District Florida Court of Appeal panel ruled April 23 that a trial court properly dismissed two class action lawsuits against borrowers for illegally charging preparation fees on mortgage loans performed by non-lawyers because the issue must first be decided by the state Supreme Court (Harold Goldberg, et al. v. Merrill Lynch Credit Corp., No. 4D07-1490; Amy Sue Forman v. World Savings Bank, FSB, No. 4D07-2436, Fla. App., 4th Dist.; 2008 Fla. App. LEXIS 5875). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 25 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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<title>Court: Failure To Rule On 'Unfair' Allegations Requires Reversal</title>
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<![CDATA[LOS ANGELES - A judge who determined that a couple failed to allege unlawful activity in a real estate transaction but failed to make a finding regarding their unfair allegations improperly sustained a demurrer on unfair competition law (UCL) claims, a California court held March 19 (Ortal Real Estate &amp; Management Inc., et al. v. Michael Kaufman, et al., No. B189281, Calif. App., 2nd Dist., Div. 3; 2008 Cal. App. Unpub. LEXIS 2332). 
<a href="http://www.lexis.com/research/xlink?canceldest=form&amp;keyenum=25271&amp;keytnum=0&amp;searchtype=get&amp;search=1-8 Mealey's Mortgage Lending 26 (2008)&amp;view=full&amp;ORIGINATION_CODE=00144" target="_blank">Full story on lexis.com</a>]]>
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