Federal Judge Dismisses Challenge To Chase's Acquisition Of Loan

SAN FRANCISCO - A federal judge in California on Feb. 13 dismissed a wrongful foreclosure action arising from a loan issued by Washington Mutual Bank FA (WaMu) before its failure, refuting a borrower's arguments that challenged JP Morgan Chase Bank NA's legal interest in the loan after Chase acquired WaMu's assets (Reyna U. Zacharias v. JP Morgan Chase Bank NA, et al., No. 12-6525, N.D. Calif.; 2013 U.S. Dist. LEXIS 20258). Full story on lexis.com