Mortgage Litigation Update From MortgageDaily.com

DALLAS, Aug. Twenty-Seven /PRNewswire/ -- The followers mortgage industry
lawsuits were recently covered by -- the
dominant beginning of online news for the mortgage industry. Wachovia Depository Financial Institution vs. Thornburg Mortgage
Wachovia filed a lawsuit against Thornburg, seeking more than than $5.1
million asset disbursals for Thornburg's failure to honour derivatives
contracts, including a series of involvement charge per unit barters entered into during
2003. Former Employees vs. HomeBanc Mortgage
Three former employees of HomeBanc are seeking 60 days' wages,
compensation and benefits for themselves and "approximately 1000 other
similarly situated employees" in a ailment filed in U.S. Bankruptcy
Court. Former Employees vs. American Home Mortgage Corp.
Two former employees have got filed a lawsuit against American Home
charging misdemeanors of the WARN Act. Borrowers vs. The Ryland Group
The Ryland Group is have been sued by a grouping of borrowers who state the
homebuilder violated federal law by coercing them with hard cash inducements into
obtaining mortgages from a Ryland subsidiary. Investors vs. Luminent Mortgage Capital Inc.
Luminent is being sued for allegedly deceptive investors about its
business and fiscal results. Investors vs. Thornburg Mortgage Inc.
Alleged false and deceptive statements that artificially inflated its
stock terms led investors to register a lawsuit against Thornburg. Investors vs. Countrywide Financial Corp.
Litigation have been filed against Countrywide on behalf of common stock
purchasers alleging the company misled investors. Borrowers vs. Temple-Inland
Temple-Inland have been accused of violating the law by failing to
reconvey works of trust on paid loans. Charter Oak Lending Group vs. CTX Mortgage
Charter Oak and CTX are litigating allegations CTX cajoled several
employees to go forth Charter Oak within years of each other. U.S. Facsimile Law Center vs. Riverbank Mortgage Corp.
Mortgage agent Riverbank was sued after allegedly contacting
prospective borrowers through faxes. American Interbanc vs. NovaStar Home Mortgage Inc.
NovaStar was accused of piquant in bait-and-switch tactics on
Bankrate.com and then conspiring to acquire American Interbanc kicked off the
site when it complained about the alleged tactics. Complete mortgage judicial proceeding insurance at: About MortgageDaily.com
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