Mealey's Banking & Finance - 5th Circuit: Bank Did Not Violate HUD Regulations By Not Having Meetings

Mealey's Banking & Finance - 5th Circuit: Bank Did Not Violate HUD Regulations By Not Having Meetings

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on June 4 affirmed a ruling awarding summary judgment to JP Morgan Chase Bank after finding that the lender was not required by Housing and Urban Development regulations to have face-to-face meetings with a borrower because she was already three months behind on her mortgage when the loan was assigned to the bank (Janice Johnson v. JPMorgan Chase Bank, No. 13-41015, 5th Cir.; 2014 U.S. App. LEXIS 10422).

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