Mealeys

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Mealey's Banking & Finance - Judge Finds Man Fails To State Claims Over Denied Loan Modification
Posted on 10 Feb 2020 by Mealeys

BALTIMORE - A federal judge in Maryland on Feb. 7 dismissed a man's lawsuit accusing Bank of America N.A. (BANA) of violating the Home Affordable Modification Program (HAMP) by failing to approve his request for a loan modification, holding that that... Read More

Mealey's Banking & Finance - Judge Says Man's Claims Against Loan Servicer Over Additional Payments Inadequate
Posted on 10 Feb 2020 by Mealeys

WICHITA, Kan. - A federal judge in Kansas on Feb. 5 dismissed without prejudice a man's lawsuit accusing his loan servicer of violating the Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA) and Kansas Consumer... Read More

Mealey's Banking & Finance - Magistrate Recommends Denying Dismissal Of Class Action Over Reverse Mortgages
Posted on 10 Feb 2020 by Mealeys

NEW YORK - A federal magistrate judge on Feb. 5 recommended denying dismissal of a class action suit brought by an elderly woman who claims that the holder of a reverse mortgage prematurely paid property taxes on her home, finding that she sufficiently... Read More

Mealey's Banking & Finance - Loan Servicer Employee's Affidavit Was Properly Admitted, Appeals Panel Says
Posted on 10 Feb 2020 by Mealeys

ATLANTA - An 11th Circuit U.S. Court of Appeals panel on Feb. 6 upheld a ruling awarding summary judgment to a loan servicer, finding that a judge in Georgia did not abuse her discretion when relying on documents submitted along with an affidavit of an... Read More

Mealey's Banking & Finance - Judge Trims Couple's Claims Over RESPA Violations, Consumer Fraud
Posted on 31 Jan 2020 by Mealeys

CHICAGO - A federal judge in Illinois on Jan. 29 granted in part Wells Fargo Bank N.A.'s motion to dismiss a couple's lawsuit accusing it of violating the Real Estate Settlement Procedures Act (RESPA) and Illinois Consumer Fraud Act (ICFA), holding... Read More

Mealey's Banking & Finance - Panel: Woman Suffered No Damages From Enjoined Foreclosure, RESPA Violations
Posted on 27 Jan 2020 by Mealeys

NEW ORLEANS - A federal judge in Texas did not err when dismissing a woman's lawsuit challenging the foreclosure of her home and accusing her mortgage lender and loan servicer of violating the Real Estate Settlement Procedures Act (RESPA), a Fifth... Read More

Mealey's Banking & Finance - 1st Circuit Upholds Ruling Finding Woman's Suit Over Predatory Loan Untimely
Posted on 21 Jan 2020 by Mealeys

BOSTON - A woman's lawsuit accusing her current mortgage lender and loan servicer of violating the Massachusetts Consumer Protection Act and the Massachusetts Fair Debt Collection Practices Act was properly dismissed as untimely, a First Circuit U... Read More

Mealey's Banking & Finance - U.S. Supreme Court Vacates 2nd Circuit Ruling In ESOP Inside Knowledge Case
Posted on 14 Jan 2020 by Mealeys

WASHINGTON, D.C. - The U.S. Supreme Court in a per curiam opinion issued Jan. 14 vacated the Second Circuit U.S. Court of Appeals' judgment in an Employee Retirement Income Security Act appeal concerning an employee stock option plan (ESOP) and remanded... Read More

Mealey's Banking & Finance - Judge Adopts Recommendation To Deny Order Enjoining Foreclosure Sale
Posted on 8 Jan 2020 by Mealeys

DALLAS - A federal judge in Texas on Jan. 6 adopted a magistrate judge's recommendation to deny a man's motion for a temporary restraining order that would enjoin a foreclosure sale scheduled for Jan. 7, finding that the man's request was... Read More

Mealey's Banking & Finance - Judge Remands Class Action Over Loan Servicer's Phone Calls
Posted on 23 Dec 2019 by Mealeys

BOSTON - A federal judge in Massachusetts on Dec. 20 remanded a class action lawsuit brought by a woman who claims that a loan servicer's repeated phone calls to her about her defaulted mortgage loan violated state law, finding that the loan servicer... Read More

Mealey's Banking & Finance - 5th Circuit Affirms Dismissal Of Servicemembers' Suit Over Foreclosures
Posted on 20 Dec 2019 by Mealeys

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on Dec. 19 upheld the dismissal of a class action suit brought by active members of the military who claim that their mortgages were unlawfully foreclosed upon in violation of the Servicemembers... Read More

Mealey's Banking & Finance - Wells Fargo To Pay $10M To Resolve Philadelphia's Discriminatory Lending Suit
Posted on 17 Dec 2019 by Mealeys

PHILADELPHIA - The city of Philadelphia and Wells Fargo & Co. on Dec. 16 filed a joint stipulation to dismiss with prejudice a lawsuit the city filed in Pennsylvania federal court against the bank, after the lender agreed to pay $10 million to resolve... Read More

Mealey's Banking & Finance - Dismissal Of Couple's Debt Collection, Declaratory Judgment Claims Affirmed
Posted on 17 Dec 2019 by Mealeys

NEW ORLEANS - A federal judge in Texas did not err when dismissing with prejudice a couple's lawsuit against their mortgage lender and loan servicer, a Fifth Circuit U.S. Court of Appeals panel ruled Dec. 13, holding that the couple's failure... Read More

Mealey's Banking & Finance - 4th Circuit Affirms Ruling Finding Couple's Mortgage Lending Suit Untimely
Posted on 12 Dec 2019 by Mealeys

RICHMOND, Va. - A Fourth Circuit U.S. Court of Appeals panel on Dec. 9 upheld a ruling dismissing as untimely a couple's lawsuit against their mortgage lender and loan servicer, finding that the plaintiffs' declaratory judgment and breach of contract... Read More

Mealey's Banking & Finance - Federal Judge Dismisses UCL, HBOR, Negligence Claims In Mortgage Loan Dispute
Posted on 10 Dec 2019 by Mealeys

FRESNO, Calif. - A federal judge in California on Dec. 4 dismissed California unfair competition law (UCL) and other claims in a lawsuit alleging that a mortgage lender attempted to foreclose on a personal residence despite the plaintiff's efforts... Read More