11th Circuit Reinstates RESPA Suit Over Mortgage Payment Increase
(May 16, 2016, 12:35 PM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on May 12 reinstated a suit filed by a borrower against her mortgage servicer under the Real Estate Settlement Procedures Act (RESPA) after the borrower’s loan payments were increased without an explanation (Margaret C. Renfroe v. Nationstar Mortgage, LLC, No. 15-10582, 11th Cir.; 2016 U.S. App. LEXIS 8707).
(Opinion available. Document #85-160614-004Z.)
Margaret Renfroe refinanced her mortgage with Wilmington Finance Inc. in 2006 at a fixed rate of 7.75 percent for a 30-year term, with monthly payments...