May 29, 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
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
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
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
April 11, 2012
WRRSV is please to announce a $3,500,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS. The Preferred Trusts and Credit Suisse First Boston Mortgage have agreed to pay $3,500,000 to settle the claims of 91 class members who obtained 51 loans that were assigned and sold to the Preferred […] Read More
March 14, 2012
WRRSV is pleased to announce that they have settled the claims of 94 putative class members against only Defendants, Residential Funding Company (“RFC”) and/or GMAC Mortgage (“GMAC”), with respect to 70 of the loans at issue in Mayo v. GMAC Mortgage, LLC, et al., Case No. 4:08-CV-00568-W-DGK. The class action settlement resolves the claims of 94 […] Read More
March 14, 2012
WRRSV is pleased to announce that they have settled the claims of 71 putative class members against only Defendant Residential Funding Company (“RFC”) with respect to 40 of the loans at issue in Thomas v. U.S. Bank, N.A., N.D., et al., Case No. 11-6013-CV-SJ-SOW. The class action settlement resolves the claims of 71 class members against […] Read More
November 29, 2011
Walters, Renwick Richards Skeens & Vaughan, P.C. is pleased to announce the settlement of a class action lawsuit, Landrum v. Meadows Credit Union, Case No. 08-441-CV-W-DW, pending in the United States District Court for the Western District of Missouri. The Class Members asserted claims for violations of Missouri Uniform Commercial Code and Merchandising Practices Act […] Read More
November 14, 2011
WRRSV is pleased to announce a $2,460,845 class action settlement in Shokere vs. Residential Funding Company., et al., Case No. 1116-CV30478. Residential Funding Company has agreed to pay $2,460,845 to settle the claims of 166 class members who obtained 110 second mortgage loans that were purchased by, assigned to, serviced by or master serviced by Residential Funding […] Read More
August 10, 2011
WRRSV is pleased to announce a $1,075,700.42 class action settlement in Baker, et al. v. Century Financial Group, Inc., et al., Case No. CV100-4294 CC. Residential Funding Corporation has agreed to pay $1,075,700.42 to settle the claims of 46 class members who obtained 28 second mortgage loans from Century Financial Group on or after June 28, 1994. Century […] Read More
August 2, 2011
WRRSV is pleased to announce a $4,255,437.84 class action settlement in Couch, et al. v. SMC Lending, et al., Case No. CV100-4332 CC. Residential Funding Corporation has agreed to pay $4,255,437 to settle the claims of 147 class members who obtained 88 second mortgage loans from SMC Lending on or after June 29, 1994. SMC Lending […] Read More
February 3, 2011
February 3, 2011, Kansas City, Missouri: Walters, Renwick Richards Skeens & Vaughan, P.C. announce the settlement of a class action lawsuit, Hopkins v. Kansas Teachers Community Credit Union, Case No. 08-5052-CV-SW-GAF, pending in the United States District Court for the Western District of Missouri. The Class Members asserted claims for violations of Missouri’s Uniform […] Read More
August 25, 2009
WRRSV is pleased to announce a $4 million class action settlement in Schwartz , et al. v. Wachovia Equity Servicing, LLC, et al., Case No. 00 CV226639 (Mo. Cir.)Wachovia Equity Servicing, LLC and The Money Store, LLC have agreed to pay $4 million to settle the claims of 81 class members who obtained 52 second […] Read More
April 17, 2009
WRRSV is pleased to announce a $36.3 million class action settlement in McLean, et al. v. First Horizon Home Loan Corporation (f/k/a McGuire Mortgage Company) Case No. 00 CV 228530 (Cir. Ct. Mo.). First Horizon Home Loan Corp. has agreed to pay up to $36.3 million to settle the claims of over 4,000 class […] Read More
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