More than five years after the housing meltdown, mortgage-related litigation is still very much a reality for banks and servicers. The amounts of settlements paid out by the banks so far range from relatively small ones to hundreds of millions of dollars.

And even though the U.S. housing recovery this year was tepid, it hasn’t be a deterrent to aggressive lawsuits or new cases.

“I don’t believe anyone in the near term expected or expects a dramatic downturn in the number of suits simply because the economy isn’t far enough along yet,” said Martin C. Bryce, Jr., a partner at Ballard Spahr.

“There’s still a fair amount of bad loans out there, and there’s still a fair amount of loans in the foreclosure pipeline,” Mr. Bryce added.

Related Practices

Consumer Financial Services
Litigation
Mortgage Banking