Judge Finds Borrowers Lack Standing To Challenge Mortgage Assignment

Mealey's (January 3, 2018, 2:24 PM EST) -- CHARLOTTE, N.C. — A federal judge on Jan. 2 dismissed claims asserted by borrowers for cancellation of instruments and violation of North Carolina law, finding that they lacked standing to challenge a pooling service agreement and that they failed to show that lenders engaged in unfair or deceptive practices (Richard Tobias, et al. v. Nationstar Mortgage LLC, 1:17CV486, M.D. N.C., 2018 U.S. Dist. LEXIS 48)....