Lender’s Mortgage Insurance

Macquarie Bank v Meinhardt (NSW) [2010] NSWSC 1228

Macquarie brought proceedings against an engineering business which provided certifications in relation to hydraulics works on the security site. The bank was financing a project for the conversion of an industrial building to a strata-titled residential complex and required the borrower to arrange for an expert hydraulics engineer to certify the hydraulics works on the …

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Genworth Financial Mortgage Insurance v Hodder Rook [2010] NSWSC 1043

Genworth paid out on a Lenders Mortgage Insurance Policy and then sued the valuer for negligence. It seems that the valuer’s P/I insurer refused to respond as the valuer conducted his defence as litigant-in-person. That may have been because the valuation was not co-signed by a director of the valuation company. At least that was …

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Genworth Financial Mortgage Insurance v Clisdell [2009] FCA 1014

In this case Genworth was suing to recover money paid out on mortgage insurances from the valuer. The trial was allocated six days but on the first morning the valuer’s legal representatives sought to amend their defence to include 140 new paragraphs, being a detailed set of allegations against various parties, in effect, alleging fraud …

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