9th Circuit Says Lender Does Not Have Common-Law Duty To Promptly Process Loan
(June 7, 2016, 1:19 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on May 4 affirmed a district court’s finding that a loan servicer does not owe a common-law duty to approve a loan modification application within a particular time frame (Joanne Anderson, et al. V. Deutsche Bank National Trust Company Americas, et al., No. 14-55822, 9th Cir.; 2016 U.S. App. LEXIS 8191).