Mealey's Banking & Finance - Federal Judge Dismisses Bank's Claims Against Quicken Loans As Time-Barred

Mealey's Banking & Finance - Federal Judge Dismisses Bank's Claims Against Quicken Loans As Time-Barred

NEW YORK - A New York federal judge on Aug. 4 dismissed a bank's breach of contract claims related to representations and warranties made by a loan company in relation to the quality of mortgage loans, finding that the case was barred by a six-year statute of limitations (Deutsche Bank National Trust Co. v. Quicken Loans Inc., No. 13-6482, S.D. N.Y.; 2014 U.S. Dist. LEXIS 106710).

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