Mealeys

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Mealey's Banking & Finance - Loan Servicer Maintains It Was Not Responsible For Property Tax Payment
Posted on 15 Oct 2019 by Mealeys

RICHMOND, Va. - Freedom Mortgage Corp. on Oct. 10 told the Fourth Circuit U.S. Court of Appeals that a ruling dismissing a borrower's lawsuit accusing it of violating the Real Estate Settlement Procedures Act (RESPA) for failing to pay his property... Read More

Mealey's Banking & Finance - Borrower Petitions 9th Circuit For Rehearing On TILA Rescission Ruling
Posted on 7 Oct 2019 by Mealeys

SEATTLE - A borrower who claims that a Ninth Circuit U.S. Court of Appeals panel erred when upholding a ruling that he could not rescind a loan under the Truth in Lending Act (TILA) because it was a residential mortgage transaction asked for a full panel... Read More

Mealey's Banking & Finance - Woman's Request For Supreme Court Review Of Ruling Dismissing TILA Suit Denied
Posted on 7 Oct 2019 by Mealeys

WASHINGTON, D.C. - The U.S. Supreme Court on Oct. 7 denied a woman's petition for review of a Ninth Circuit U.S. Court of Appeals ruling that affirmed dismissal of her Truth in Lending Act (TILA) lawsuit seeking rescission of her mortgage loan (Kimberly... Read More

Mealey's Banking & Finance - High Court Refuses To Take Up Ruling Vacating Man's Quiet Title Claim
Posted on 7 Oct 2019 by Mealeys

WASHINGTON, D.C. - The U.S. Supreme Court on Oct. 7 denied a man's petition for a writ of certiorari seeking review of a Ninth Circuit U.S. Court of Appeals' panel's ruling affirming summary judgment in favor of Mortgage Electronic Registration... Read More

Mealey's Banking & Finance - Judge Says Jury Should Decide If Mortgage Lender Breached Fiduciary Duty
Posted on 30 Sep 2019 by Mealeys

SPARTANBURG, S.C. - A federal judge in South Carolina on Sept. 26 ruled that a jury should determine whether a mortgage lender breached its fiduciary duty by failing to guide a couple through the process of closing on a loan and whether they sustained... Read More

Mealey's Banking & Finance - Man Cannot Pursue Claims Against Mortgage Lender Over Inaccurate Appraisal
Posted on 27 Sep 2019 by Mealeys

WORCESTER, Mass. - A federal judge in Massachusetts on Sept. 24 dismissed a man's lawsuit seeking rescission from a National Housing Act (NHA) loan from a mortgage lender after the property he purchased was condemned, holding that the loan was not... Read More

Mealey's Banking & Finance - Most Of Loan Servicer's Summary Judgment Motion Over Calls To Borrower Denied
Posted on 10 Sep 2019 by Mealeys

TAMPA, Fla. - A federal judge in Florida on Sept. 4 denied the majority of Ocwen Loan Servicing LLC's motion for summary judgment in a couple's suit accusing the company of violating the Telephone Consumer Protection Act (TCPA) and Florida Consumer... Read More

Mealey's Banking & Finance - Sacramento's Discriminatory Lending Suit Against Wells Fargo Survives Dismissal
Posted on 26 Aug 2019 by Mealeys

SACRAMENTO, Calif. - A federal judge in California on Aug. 22 denied a motion to dismiss the city of Sacramento's lawsuit accusing Wells Fargo & Co. and Wells Fargo Bank N.A. of engaging in discriminatory lending, finding that the city sufficiently... Read More

Mealey's Banking & Finance - Dismissal Of Couple's Wrongful Foreclosure Suit Upheld By 11th Circuit
Posted on 26 Aug 2019 by Mealeys

ATLANTA - An 11th Circuit U.S. Court of Appeals panel on Aug. 21 affirmed the dismissal of a couple's wrongful foreclosure suit against their mortgage lender, holding that the complaint failed to sufficiently allege a causal connection between the... Read More

Mealey's Banking & Finance - 9th Circuit Finds Man's Loan Not Subject To Rescission Under TILA
Posted on 20 Aug 2019 by Mealeys

SEATTLE - A Ninth Circuit U.S. Court of Appeals panel on Aug. 15 upheld a ruling awarding summary judgment to Chase Home Finance LLC (CHF), finding that a federal judge did not err when finding that a man's loan was a residential mortgage transaction... Read More

Mealey's Banking & Finance - 5th Circuit: Secondary Lender Must Have Valid Contract For Contractual Subrogation
Posted on 19 Aug 2019 by Mealeys

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on Aug. 15 affirmed a ruling awarding a borrower summary judgment on her quiet title claim against the Federal Home Loan Mortgage Corp. (Freddie Mac), after finding that it was not entitled to... Read More

Mealey's Banking & Finance - U.S. Bank's Foreclosure Action Against Couple Was Timely, Judge Rules
Posted on 14 Aug 2019 by Mealeys

LAREDO, Texas - A federal judge in Texas on Aug. 12 awarded summary judgment to U.S. Bank N.A., after finding that its foreclosure action against a couple was timely because it was filed within three years of notifying the couple that it intended to accelerate... Read More

Mealey's Banking & Finance - Judge: Loan Servicer Cannot Be Liable For Unimplemented Mortgage Regulations
Posted on 14 Aug 2019 by Mealeys

NEWPORT NEWS, Va. - A federal judge in Virginia on Aug. 9 dismissed a woman's lawsuit accusing her loan servicer and loan trustee of breaching the terms of a deed of trust by foreclosing on her home before she was given a loan modification, finding... Read More

Mealey's Banking & Finance - Attorney's Conviction For Role In Mortgage Fraud Upheld By 7th Circuit
Posted on 14 Aug 2019 by Mealeys

CHICAGO - A Seventh Circuit U.S. Court of Appeals panel on Aug. 9 affirmed a federal judge in Illinois' ruling finding an attorney liable for his role in a mortgage fraud scheme, holding that the Illinois LLC Act did not shield him from liability... Read More

Mealey's Banking & Finance - U.S. Supreme Court Denies Rehearing Over Alleged Wrongful Foreclosure
Posted on 7 Aug 2019 by Mealeys

WASHINGTON, D.C. - The U.S. Supreme Court on Aug. 5 denied a borrower's petition for rehearing as to whether it should review a federal judge's ruling allowing a lender to foreclose on a property during bankruptcy proceedings (Mark Anthony Fornesa... Read More