December 31, 2012
WRRSV is pleased to announce a $100,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. Wendover Financial Services Corporation (“Wendover”) has agreed to pay $100,000.00 to settle the claims of 184 class members who obtained 105 loans that were purchased by, assigned or conveyed to, or otherwise owned and/or held […] Read More
December 5, 2012
WRRSV is pleased to announce a $1,000,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. Deutsche Bank National Trust Company, formerly known as Bankers Trust Company of California, N.A. (“DBNTC”) has agreed to pay $1,000,000 to settle the claims of 227 class members who obtained 130 loans that were […] Read More
November 16, 2012
August 13, 2012 WRRSV is pleased to announce that the Court has preliminarily approved a $92,000,000 class action settlement in Thomas v. U.S. Bank National Association, Case No. 1216-CV20561. U.S. Bank National Association and U.S. Bank National Association ND (collectively “U.S. Bank”) have agreed to pay $92,000,000 to settle the claims of over 2,400 class members who […] Read More
November 13, 2012
WRRSV is pleased to announce a $100,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. Wendover Financial Services Corporation (“Wendover”) has agreed to pay $100,000 to settle the claims of 184 class members who obtained 105 loans that were purchased by, assigned or conveyed to, or otherwise owned and/or held […] Read More
November 9, 2012
WRRSV is pleased to announce a $375,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. JPMorgan Chase Bank, N.A. as successor by merger to Chase Home Finance, LLC has agreed to pay $375,000 to settle the claims of 89 class members who obtained 50 loans that were serviced […] Read More
November 8, 2012
WRRSV is pleased to announce a $275,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. Bank of America, N.A., as successor by merger to LaSalle National Bank in its capacity as former trustee for Impac CMB Trust Series 1999-1 (“LaSalle”) has agreed to pay $275,000 to settle the […] Read More
November 8, 2012
WRRSV is pleased to announce a $398,032 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. Defendant Advanta Mortgage Corporation of USA (“Advanta”) has agreed to pay $398,032 to settle the claims of 775 class members who obtained 437 loans that and on whose behalf proofs of claim were […] Read More
November 8, 2012
WRRSV is pleased to announce a $3,000,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. Impac Mortgage Holdings, Inc., IMH Assets Corporation, Impac Funding Corporation, Impac Secured Assets Corporation, Wingspan Portfolio Advisors, LLC (collectively, “Impac Defendants”) have agreed to pay $3,000,000 to settle the claims of 303 class […] Read More
November 8, 2012
WRRSV is pleased to announce a $214,534 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. Countrywide Home Loans, Inc. and BAC Home Loans Servicing, L.P. have agreed to pay $214,534 to settle the claims of 19 class members who obtained 11 loans that were serviced by Countrywide Home […] Read More
August 24, 2012
August 21, 2012 WRRSV is pleased to announce that the Court has preliminarily approved a $68,300,000.00 class action settlement in Beaver v. U.S. Bank National Association, Case No. 1216-CV21345. U.S. Bank National Association and Wilmington Trust Company, trustees of 26 trusts and the 26 trusts (collectively “Trust Parties”) have agreed to pay $68,300,000 to settle the […] Read More
August 24, 2012
Since 1979, lenders have been allowed to charge exceptionally high interest rates on residential second mortgage loans secured by Missouri real estate (sometimes called “home equity loans”). In fact, since 1998, the Missouri Second Mortgage Loan Act has allowed unlimited interest rates on those loans. However, in exchange for allowing lenders to charge what would otherwise be […] Read More
August 21, 2012
WRRSV is pleased to announce that the Court has preliminarily approved a $68,300,000.00 class action settlement in Beaver v. U.S. Bank National Association, Case No. 1216-CV21345. U.S. Bank National Association and Wilmington Trust Company, trustees of 26 trusts and the 26 trusts (collectively “Trust Parties”) have agreed to pay $68,300,000.00 to settle the claims of over 3,000 […] Read More
August 21, 2012
Since 1979, lenders have been allowed to charge exceptionally high interest rates on residential second mortgage loans secured by Missouri real estate (sometimes called “home equity loans”). In fact, since 1998, the Missouri Second Mortgage Loan Act has allowed unlimited interest rates on those loans. However, in exchange for allowing lenders to charge what would otherwise be […] Read More
August 21, 2012
Since 1979, lenders have been allowed to charge exceptionally high interest rates on residential second mortgage loans secured by Missouri real estate (sometimes called “home equity loans”). In fact, since 1998, the Missouri Second Mortgage Loan Act has allowed unlimited interest rates on those loans. However, in exchange for allowing lenders to charge what would otherwise be […] Read More
May 29, 2012
Thompson v. Sovereign Bank, N.A. is a class action lawsuit filed to facilitate the settlement of claims asserted against Sovereign Bank, N.A., in five separate class action cases. Each of those cases alleges that now-defunct sub-prime mortgage lenders violated the Missouri Second Mortgage Loan Act by charging illegal fees in connection with residential second mortgage loans […] Read More
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