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https://www.forbes.com/sites/billsinger/2012/05/10/deutsche-bank-and-mortgageit-settle-federal-fraud-charges-for-202-million/
May 10, 2012 · The Complaint alleges that MORTGAGEIT failed to comply with the requirements of a quality control program. Further, since 1999, MORTGAGEIT endorsed over 39,000 mortgages for …Author: Bill Singer
https://www.justice.gov/archive/usao/nys/pressreleases/May12/mortgageit/amendedcomplaintstampedfiled.pdf
18. Defendant MortgageIT is a New York business corporation with its principal place of business in Manhattan. Between 1999 and 2009, MortgageIT was a Direct Endorsement Lender. During that time period, MortgageIT employed more than 2,000 people, had branches throughout the country, and was licensed to originate residential mortgages in all 50 ...
https://www.washingtonpost.com/business/economy/us-sues-deutsche-bank-alleging-mortgage-fraud/2011/05/03/AFfym4iF_story.html
The complaint paints a picture of a bank taking short cuts. When an outside auditor found serious problems at MortgageIT, the concerns were “literally stuffed in a closet and left unread and ...
https://www.justice.gov/opa/pr/united-states-sues-deutsche-bank-and-subsidiary-mortgageit-years-reckless-lending-practices
May 03, 2011 · MortgageIT and Deutsche Bank, which acquired MortgageIT in January 2007, made substantial profits through the resale of these endorsed FHA-insured mortgages. According to the complaint, MortgageIT repeatedly made false certifications to HUD to obtain approval of mortgages that MortgageIT underwriters wrongfully endorsed for FHA insurance.
https://www.ripoffreport.com/reports/mortgageit-homecomings-financial-wilshire-credit-corporation/portland-oregon-97207-8517/chase-manhattan-mortgage-hud-fha-mortgageit-homecomings-financial-wilshire-credit-cor-67295
Sep 21, 2003 · Chase then make MortgageIT "buy-back" the mortgage - due to the nature of the house, our complaints, and because they had bought the loan from MortgageIT "in Good Faith". MortgageIT then resold the mortgage (3 weeks later, without disclosures) to Homecomings Financial.
https://dealbook.nytimes.com/2011/05/03/government-sues-deutsche-bank-over-mortgages/
May 03, 2011 · Between 1999 and 2009, MortgageIT endorsed more than 39,000 mortgages for F.H.A. insurance, totaling more than $5 billion in underlying principal obligations, the complaint says. MortgageIT mortgages accounted for more than $386 million in F.H.A. insurance claims and costs. Deutsche Bank acquired MortgageIT for $429 million in July 2006.
https://www.paed.uscourts.gov/documents/opinions/12D0363P.pdf
1 On June 28, 2011, Plaintiffs removed Defendant MortgageIT from the instant action by not naming MortgageIT as a defendant in the Verified Second Amended Complaint. (Doc. No. 16.) Following a hearing on February 14, 2012, Plaintiffs agreed that HSBC Bank USA also could be removed as a defendant. On the same day, the Court entered an Order ...
https://archives.hud.gov/news/2012/pr12-082.cfm
May 10, 2012 · In the settlement announced today, MORTGAGEIT and DEUTSCHE BANK admitted, acknowledged, and accepted responsibility for certain conduct alleged in the Complaint, including that, contrary to the representations in MORTGAGEIT's annual certifications, MORTGAGEIT did not conform to all applicable HUD-FHA regulations.
https://www.foley.com/en/insights/publications/2011/05/governments-false-claims-act-complaint-against-maj
The complaint also alleges that each certification with each mortgage that MortgageIT was complying with government requirements was a false statement. A Direct Enforcement Lender approves loans for FHA insurance by certifying that the loans meet the HUD-FHA requirements for this insurance.
https://law.justia.com/cases/federal/district-courts/virginia/vaedce/1:2011cv00469/265538/13/
It appears quite similar to Sejas v. MortgageIT, Inc., et al., Case No. 153CL09003947-00, filed in Prince William Circuit Court on October 15, 2009. In that earlier case, where Plaintiff was represented by counsel, Plaintiff claimed at Paragraph 11 of his complaint that he does not speak, read, or write English.
https://www.reuters.com/article/us-deutschebank-mortgage-lawsuit-idUSTRE77M0E620110823
Aug 23, 2011 · Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead …
https://www.reuters.com/article/deutschebank-mortgage-lawsuit-idUSN0329782420110503
May 03, 2011 · In its complaint, the government said that from 1999 to 2009, when it closed, MortgageIT approved more than 39,000 loans worth more than $5 billion for insurance by the FHA, part of the U.S ...
https://www.hud.gov/topics/fair_lending
Filing a Complaint. If you have experienced any one of the above actions, you may be the victim of discrimination. Recognizing the signs of lending discrimination is the first step in filing a complaint. HUD investigates your complaints at no cost to you. ... In November 2014, HUD signed a conciliation agreement with MortgageIT, Inc., an ...
https://www.bloomberg.com/news/articles/2012-05-10/deutsche-bank-to-pay-202-3-million-in-mortgage-fraud-accord-1-
May 11, 2012 · Deutsche Bank AG agreed to pay $202.3 million to settle civil claims that its MortgageIT unit lied to qualify thousands of risky mortgages for a federal insurance program in what the U.S. called a ...
https://www.nytimes.com/2011/05/04/business/04mortgage.html
May 04, 2011 · Of the MortgageIT loans backed by the F.H.A. from 1999 to 2009, worth $5 billion in total, about one-third have defaulted, according to the government’s complaint against the bank. MortgageIT ...
https://www.casemine.com/judgement/us/59145b41add7b049341ddef3
Jul 13, 2016 · The district court granted the motion and dismissed the complaint without prejudice—over the Arcenas' opposition and request to file an amended complaint—finding that the claims were all based on fraud allegations, but were not pleaded with the requisite particularity under NRCP 9(b) ("In all averments of fraud or mistake, the circumstances ...
https://www.leagle.com/decision/20071157498fsupp2d65911093
Jul 27, 2007 · On November 17, 2005, plaintiff filed a three-count Complaint, sounding in sexual harassment and retaliatory termination in violation of Title VII and common law defamation. The Complaint named only MortgageIT as a defendant. Plaintiff amended her Complaint on February 27, 2006 to remove her defamation claim.
https://www.bloomberg.com/news/articles/2011-05-03/u-s-to-announce-lawsuit-over-deutsche-bank-unit-s-mortgage-practices
May 04, 2011 · Deutsche Bank’s MortgageIT unit falsely certified that it was examining default risks while qualifying loans for FHA insurance, according to the government’s complaint.
https://www.jdsupra.com/legalnews/bank-hit-with-fca-complaint-over-mortgag-07967/
Crime in the suites crimeinthesuites.com Ifrah Law Firm www.ifrahlaw.com Bank Hit with FCA Complaint over Mortgage Lending May 03, 2011 On May 3, 2011, the U.S. Department of Justice filed a civil ...
https://trellis.law/case/LC086385/MORTGAGEIT%2C-INC.-VS.-MESROP-MESROPIAN
Jul 30, 2009 · Overview in the case of MORTGAGEIT, INC. VS. MESROP MESROPIAN number LC086385 in losangeles, ca
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