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Mealey's Banking & Finance - 4th Circuit Affirms Ruling Finding Couple's Mortgage Lending Suit Untimely

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 claims are both subject to the state's five-year statute of limitations (Carlos Manotas, et al. v. Ocwen Loan Servicing LLC, et al., No. 18-2026, 4th Cir., 2019 U.S. App. LEXIS 36394).
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