Mealey's Banking & Finance - Woman Lacks Standing To Challenge Mortgage's Assignment, Judge Rules

Mealey's Banking & Finance - Woman Lacks Standing To Challenge Mortgage's Assignment, Judge Rules

SAN FRANCISCO - A federal judge in California on March 7 dismissed a woman's lawsuit against Wells Fargo Bank N.A. and HSBC Bank USA, finding that she lacked standing to challenge the assignment of her mortgage loan in 2007 and that she was unable to show how Wells Fargo's alleged violation of the Real Estate Settlement Procedures Act (RESPA) caused her to suffer an injury (Marialuz A. Barnares v. wells Fargo Bank N.A., et al., No. C-13-4896, N.D. Calif.; 2014 U.S. Dist. LEXIS 29909).

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