Borrowers Lacked Standing To Challenge Transfer; 9th Circuit Affirms Dismissal

Mealey's (April 16, 2018, 11:45 AM EDT) -- PASADENA, Calif. — After finding that borrowers lacked standing to challenge the assignment of the interest in their mortgage to a trust, the Ninth Circuit U.S. Court of Appeals on April 10 affirmed dismissal of their claims for violation of California’s unfair competition law (UCL), wrongful foreclosure and other causes of action against lenders and a loan servicer (Kanchana Karunaratne, et al. v. U.S. Bank, et al., No. 16-56803, 9th Cir., 2018 U.S. App. LEXIS 9307)....