More City Of Baltimore Suits Against Lenders May Be Looming

In Baltimore, Maryland, the Baltimore Examiner reports:

• As foreclosures continue to mount in Baltimore City, officials said [last] Thursday that more lawsuits against mortgage lenders may be in the offing. “We become aware through our research of other lenders engaging in practices that may be actionable,” said City Solicitor George Nilson. “There are other lenders that we may be filing lawsuits against.” Nilson said future lawsuits would be similar to the city’s lawsuit against Wells Fargo Bank. “It will be the same with a twist,” he said, declining to provide further details. City officials filed a lawsuit in federal court on Jan. 7, claiming mortgage lender Wells Fargo engaged in a practice called “reverse redlining,” where neighborhoods of predominantly minority homeowners are targeted with high-price loans.

For more, see Baltimore eyes more lawsuits against mortgage lenders in foreclosure fiasco.

To view last month's Wells Fargo lawsuit:

• see Mayor and City Council of Baltimore v. Wells Fargo Bank, N.A., et al. (8.76 MB), or
• go to this this direct link on the PACER system (approx. 11 MB - PACER registration required - 39 pages - $2.40).

Representing the City Of Baltimore is the Washington, D.C. law firm Relman & Dane.

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