Mealey's Banking & Finance - 5th Circuit Upholds Summary Judgment In Foreclosure Suit, Reverses Sanctions

Mealey's Banking & Finance - 5th Circuit Upholds Summary Judgment In Foreclosure Suit, Reverses Sanctions

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on May 27 affirmed a federal judge in Texas' ruling to award summary judgment to defendants in a wrongful foreclosure lawsuit but overturned her sua sponte ruling imposing sanctions against the plaintiffs and their counsel, finding that although the judge was correct in dismissing the couple's claims, she failed to articulate why she ordered them to pay attorney fees (Ward Arnold, et al. v. Federal National Mortgage Association, et al., No. 13-40649, 5th Cir.; 2014 U.S. App. LEXIS 9711).

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