January 30, 2017
Monday’s Adjudication Roundup
- A California federal judge said Friday she will approve Ocwen Loan Servicing LLC’s $600,000 settlement resolving class action claims that it failed to apply certain mortgage payments to borrower accounts because of a software bug, calling the deal “an excellent result” for the roughly 9,000 class
- A New York federal judge Monday preserved most of a suit claiming Deutsche Bank National Trust Co. failed to protect investors from over $1 trillion in losses due to poorly underwritten residential mortgage-backed securities, dismissing only the claims the bank had a conflict of interest
