December 10, 2013
Lower Court’s Grant of Summary Judgement Affirmed by Nevada Court
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
December 10, 2013 in MBS industry | Permalink | No Comments
Ohio Court Finds That Plaintiffs Were Not Bona Fide Purchasers
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
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
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
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
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
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
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
December 4, 2013 in MBS industry | Permalink | No Comments
Washington Court Denied the Plaintiff’s Motion for Preliminary Injunction
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
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
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
December 3, 2013 in MBS industry | Permalink | No Comments