Mealey's Banking & Finance - Defendants Awarded Summary Judgment In Couple's Lawsuit Over Mortgage Loan

Mealey's Banking & Finance - Defendants Awarded Summary Judgment In Couple's Lawsuit Over Mortgage Loan

CHICAGO - A federal judge on Feb. 24 awarded summary judgment to defendants in a lawsuit brought by a couple claiming that the lender, loan servicer and nominee to their mortgage loan violated the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA) and Illinois Consumer Fraud and Deceptive Business Practices Act (ICFA), after finding that the plaintiffs were unable to produce sufficient evidence to support their allegations (David Cocroft, et al. v. HSBC Bank USA N.A., et al., No. 10 C 3408, N.D. Ill.; 2014 U.S. Dist. LEXIS 22680).

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