REFinBlog

Editor: David Reiss
Cornell Law School

December 10, 2013

Lower Court’s Grant of Summary Judgement Affirmed by Nevada Court

By Ebube Okoli

The court in deciding Castro v. Bank of N.Y. Mellon, 2013 Nev. LEXIS 1602 (Nev. 2013) affirmed the lower courts judgment against the plaintiff. Plaintiff obtained a home loan from Decision One Mortgage Company, LLC and executed a promissory note … Continue reading

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December 10, 2013 in MBS industry | Permalink | No Comments

Ohio Court Finds That Plaintiffs Were Not Bona Fide Purchasers

By Ebube Okoli

The Court of Appeals of Ohio, Fifth Appellate District, in deciding Bank of N.Y. Mellon v. Casey, 2013-Ohio-4686 (Ohio Ct. App., Fairfield County Oct. 21, 2013) affirmed the lower court’s judgment and held that the plaintiffs were not bona fide … Continue reading

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December 10, 2013 in MBS industry | Permalink | No Comments

December 9, 2013

North Carolina Court Dismisses Plaintiff’s Claims of Fraud Against MERS, Bank of America, & Trustee Services of Carolina

By Ebube Okoli

The court in deciding Porterfield v. JP Morgan Chase Bank, Nat’l Ass’n, 2013 U.S. Dist. LEXIS 152318 (E.D.N.C. 2013) dismissed plaintiff’s claims and granted the defendant’s motion to dismiss. Plaintiff asserted the following claims: (1) wrongful foreclosure; (2) fraud; (3) … Continue reading

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December 9, 2013 in MBS industry | Permalink | No Comments

December 4, 2013

Tennessee Court Grants Defendant’s Motion for Summary Judgment as Wells Fargo Had Ownership Interest in the Note & Deed

By Ebube Okoli

The court in deciding McKee v. Am. Brokers Conduit, 2013 U.S. Dist. LEXIS 152657 (W.D. Tenn. 2013) granted Wells Fargo’s motion for summary judgment. Plaintiffs claimed that (1) Wells Fargo didn’t have lawful ownership or a security interest in the … Continue reading

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December 4, 2013 in MBS industry | Permalink | No Comments

Michigan Court Finds Plaintiff’s Claim that Foreclosure Proceedings Violated Mich. Comp. Laws §§ 600.3204(1) and (3) Unpersuasive

By Ebube Okoli

The court in deciding Anderson v. Bank of Am., N.A., 2013 U.S. Dist. LEXIS 152765 (E.D. Mich. Oct. 24, 2013) dismissed plaintiff’s claims that foreclosure violated Michigan state law. Plaintiff sought a declaratory judgment that foreclosure proceedings violated Mich. Comp. … Continue reading

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December 4, 2013 in MBS industry | Permalink | No Comments

Washington Court Denied the Plaintiff’s Motion for Preliminary Injunction

By Ebube Okoli

The court in deciding Cameron v. Acceptance Capital Mortg. Corp., 2013 U.S. Dist. LEXIS 151134 (W.D. Wash. 2013) denied the plaintiff’s motion for preliminary injunction. Nearly all of plaintiffs’ claims turn on a single question: whether, under Washington law, Flagstar … Continue reading

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December 4, 2013 in MBS industry | Permalink | No Comments

December 3, 2013

Washington District Court Dismisses Consumer Protection Case Against MERS and Bank of America as Plaintiff-Homeowners Failed to Allege Enough Facts to Support their Claims

By Karume James

The federal district court of Washington in Montgomery v. Soma Fin. Corp., 2013 WL 5775637 (W.D.Wash. 2013) dismissed several consumer protection claims against MERS and Bank of America because the Plaintiffs-homeowners failed to allege sufficient facts to support their claims. On … Continue reading

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December 3, 2013 in MBS industry | Permalink | No Comments