Legal Opinion
Parker v. Long Beach Mortgage Co.
District Court, E.D. Pennsylvania
Decided January 3, 2008No. Civil Action 06-2002PublishedCited by 10 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
JUAN R. SÁNCHEZ, District Judge.
The dispute Roger and Sally Parker have with a broker and four lending institutions embodies many of the factors identified with predatory, subprime mortgage loans: 1 an aggressive mortgage broker, no document loans, interest climbing to double-digit rates, escalating payments, balloon payments, prepayment penalties, and negative amortization. As distasteful as the practices may be, 2 that odor of opportunism is not enough to save the Parkers, relatively sophisticated borrowers, from themselves.
The testimony of the Parkers was insufficient…
2Cases cited16 opinions
- Gibbs v. ErnstSupreme Court of Pennsylvania · 1994
- Albert Oran Terry Adolphs Philip Morris James Doyle Lupo Paul H. Maurer, Individually and on Behalf of a Class of Others Similarly Situated v. John R. Stafford Robert G. Blount Joseph J. Carr Louis L. Hoynes, Jr. William J. Murray David M. Olivier John R. Considine Paul J. Jones Fred Hassan American Home Products CorporationCourt of Appeals for the Third Circuit · 2000
- Bortz v. NoonSupreme Court of Pennsylvania · 1999
- Melvin T. Yamamoto Elaine S. Yamamoto Maxine H. Tampon v. Bank of New York Bnc Mortgage U.S. Financial CorporationCourt of Appeals for the Ninth Circuit · 2003
- Albert E. Thomka v. A. Z. Chevrolet, IncCourt of Appeals for the Third Circuit · 1980
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3Cited by10 opinions
- EBC, Inc. v. Clark Building System, Inc.Court of Appeals for the Third Circuit · 2010
- Fowler v. Rauso (In Re Fowler)United States Bankruptcy Court, E.D. Pennsylvania · 2010
- Hufnagel v. CiamaccoDistrict Court, W.D. Pennsylvania · 2012
- Escher v. DECISION ONE MORTGAGE COMPANY, LLC.District Court, E.D. Pennsylvania · 2009
- Gisondi v. Countrywide Bank, N.A. (In re Gisondi)United States Bankruptcy Court, E.D. Pennsylvania · 2013
5 more not listed; retrieve them via the Exa API.