Editor: David Reiss
Brooklyn Law School

January 30, 2017

Monday’s Adjudication Roundup

By Robert Engelke

  • 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
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