December 1, 2013
Texas Court Finds Plaintiff’s “Split-the-Note” Theory Without Merit
The court in deciding Morlock, L.L.C. v. JPMorgan Chase Bank, N.A., 2013 U.S. Dist. LEXIS 153386 (S.D. Tex. Oct. 25, 2013) ultimately dismissed plaintiff’s bifurcation theory based complaint. Plaintiff alleged that the deed of trust had been “executed and delivered . … Continue reading
December 1, 2013 in MBS industry | Permalink | No Comments
California Court Denies Petition for Preliminary Injunction on Foreclosure Proceeding
The court in deciding Vazquez v. Select Portfolio Servicing, 2013 U.S. Dist. LEXIS 152454 (N.D. Cal. Oct. 23, 2013) denied the plaintiff’s petition for a preliminary injunction prohibiting defendants from proceeding with the foreclosure sale of his home. Plaintiff alleged … Continue reading
December 1, 2013 in MBS industry | Permalink | No Comments
November 30, 2013
California Court Dismisses Plaintiff’s Claims of Federal and State Law Violation
The court in deciding Brashears v. Bank of Am. Home Loans, 2013 U.S. Dist. LEXIS 152478 (C.D. Cal. Oct. 22, 2013) dismissed the plaintiff’s complaint, which alleged violations of federal and state law in connection with the issuance of a … Continue reading
November 30, 2013 in MBS industry | Permalink | No Comments
November 27, 2013
Court Dismisses Plaintiff’s Wrongful Foreclosure, Fraud, Quiet Title and Declaratory Relief Claims
The plaintiff in Cuddeback v. Bear Stearns Residential Mortg. Corp., 2013 U.S. Dist. LEXIS 152989 (W.D. Wash. Sept. 10, 2013) brought claims against Bear Stearns, EMC, Wells Fargo (collectively, “Defendants”) for wrongful foreclosure, fraud, quiet title and declaratory relief pursuant … Continue reading
November 27, 2013 in MBS industry | Permalink | No Comments
California Court Finds That the Plaintiff’s Complaint Should be Dismissed as Defendant Owed no Fiduciary Duty
The court in deciding Lawrence v. Sadek, 2013 U.S. Dist. LEXIS 153074 (C.D. Cal. Oct. 21, 2013) dismissed the plaintiff’s claims. The plaintiff’s complaint alleged that defendant breached a fiduciary duty by allowing the plaintiff to enter the loan agreement … Continue reading
November 27, 2013 in MBS industry | Permalink | No Comments
California Court Dismisses Plaintiffs Suit Brought for Wrongful Foreclosure Defendants Bank of America & Freddie Mac
The court in deciding Bergman v. Bank of Am., N.A., 2013 U.S. Dist. LEXIS 153173 (N.D. Cal. Oct. 23, 2013) dismissed the plaintiff’s complaint. Most of plaintiffs’ claims were based on one of two legal theories. First, the plaintiffs based … Continue reading
November 27, 2013 in MBS industry | Permalink | No Comments
November 26, 2013
Texas Court Finds That MERS Had Authority to Assign, Thus Defendant Could Enforce Note
The plaintiff in Hines v. Wells Fargo Bank, N.A., 2013 U.S. Dist. LEXIS 153895 (S.D. Tex. Oct. 28, 2013), contended that defendants could not show an unbroken chain of title to enforce the note because MERS had no authority to … Continue reading
November 26, 2013 in MBS industry | Permalink | No Comments