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Elizabeth Williams et al v. Countrywide Financial Corporation et al

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Case overview

Case Number:

2:16-cv-04166

Court:

California Central

Nature of Suit:

Racketeer/Corrupt Organization

Multi Party Litigation:

Class Action

Judge:

Christina A. Snyder

Firms

Companies

Sectors & Industries:

  1. May 12, 2020

    Borrowers Seek $49M Atty Fees In BofA, Countrywide Case

    Following a recent $250 million settlement that ended a consolidated class action accusing Bank of America, Countrywide Financial Corp. and others of participating in a fraudulent real estate appraisal scheme, the borrowers on Monday asked for $49 million in attorney fees.

  2. February 19, 2020

    BofA Agrees To $250M Deal In Countrywide Appraisal Case

    Bank of America, Countrywide Financial Corp. and others will shell out $250 million to end consolidated class action litigation accusing them of participating in a fraudulent real estate appraisal scheme, according to the borrowers' Wednesday bid for initial court approval of the deal.

  3. November 05, 2019

    Bank Of America To Settle Countrywide Appraisal Suit

    Bank of America Corp. has a tentative agreement to settle consolidated class action litigation from home mortgagors accusing it, Countrywide Financial Corp. and others of engaging in a fraudulent real estate appraisal scheme in the 2000s, a California federal court was told.

  4. September 16, 2019

    BofA Seeks Quick Win In Countrywide Appraisal Suit

    Bank of America has moved to derail class action litigation accusing it, Countrywide Financial Corp. and others of a mid-2000s fraudulent real estate appraisal scheme, telling a California federal judge that the case shouldn't be allowed to go forward to trial with its claims and classes intact.

  5. March 28, 2018

    Countrywide Appraisal Suit Partly Stayed Amid BofA Appeal

    A California federal judge has tapped the brakes on a class action accusing Countrywide Financial Corp. and others of a mid-2000s fraudulent real estate appraisal scheme, pausing part of the proceedings while Bank of America Corp. pursues an appeal of her class certification decision.

  6. February 27, 2018

    BofA Seeks To Stay Countrywide Appraisal Class Action

    Bank of America has asked to pause a lawsuit that alleges Countrywide Financial Corp. used inflated real estate appraisals to juice its loan origination business during the mid-2000s, telling a California federal judge Monday that it is seeking Ninth Circuit review of her decision to grant class action status to the case.

  7. February 08, 2018

    Class Cert. Granted In BofA, Countrywide Appraisal Suit

    A California federal judge has certified a nationwide class of borrowers accusing Countrywide Financial Corp. of using inflated real estate appraisals to juice its loan origination business during the mid-2000s, turning back arguments from the company and its successor Bank of America that the borrowers won't be able to back up their racketeering claims with common proof.

  8. October 03, 2017

    Bank Of America Fights Class Cert. In Rigged-Appraisal Case

    Bank of America Corp. urged a California federal judge Monday not to recognize a proposed class of borrowers who accuse BofA and Countrywide Financial Corp. of making them use a crooked home appraisal company, saying the alleged wrongdoing varies too widely for a class action to be appropriate.

  9. August 29, 2017

    Homeowners Seek Cert. In BofA, Countrywide Appraisal Suit

    Homebuyers accusing Bank of America Corp., Countrywide Financial Corp. and an appraisal firm of conducting "sham" appraisals to rack up loans asked a California federal judge Monday to certify their claims for class treatment, saying the action concerns companywide practices and not individual issues.

  10. March 13, 2017

    BofA Likely Can't Shrink Home Appraisal Class Action

    A California federal judge on Monday tentatively rejected Bank of America and appraisal company LandSafe's bid to dismiss one of two consolidated putative class actions accusing them of conducting phony appraisals in an attempt to secure more loans, saying the suit appears to have been filed in time.

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