ABN AMRO Mortgage Group, Inc. filed a civil lawsuit against the following individuals and entitities in the United States District Court for the Southern District of Indiana, Indianapolis Division:

Promised Land Mortgage LLC

Greenhouse Resources LLC

Romero Brice (alleged owner and managing member of Promised Land and Greenhouse)

Guaranteed Land Title LLC

Title One And Real Estate Exchange Services Company

Title Solutions Agency Of Indiana, Inc.

Corbin Title Services, Inc.

King's Title And Abstract Company

First American Title Insurance Company

Fidelity National Title Insurance Company

Katherine A. Robinson and James L. Spicer d.b.a. K.A.R. Appraisal Services

The lawsuit involves 109 first mortgage loans originated by Promised Land and purchased and funded by ABN in Marion County, Indianapolis, Indiana. The complaint alleges that the original principal amount of the 109 mortgages was $6M and ABN estimates, in its Complaint, that the properties are worth less than $1M. ABN alleges that the loans were based on false and misleading appraisals of the properties, improper, false and/or fraudulent information regarding the prospective borrowers, improper false and/or fraudulent closing documentation and disbursement of loan proceeds for improper and unauthorized individuals and entities.