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Mortgage Litigation Cases Growing
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Litigation Cases Growing
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Litigation Cases Growing

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

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

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

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

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

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

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

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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December 17 2010 (Jeff Alan)
litigation-images
As one might expect as an aftereffect of the mortgage crisis, the number of mortgage litigation cases increased by 41 percent in the third quarter of 2010 compared to the second quarter.

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

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

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

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

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

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

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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

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

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

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

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

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

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

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS