Judge Holds Mortgagee Knew Trust, Trustee Held Loan, Enforces Settlement

(August 23, 2018, 1:18 PM EDT) -- CHICAGO — After finding that a borrower did agree to settle claims related to his mortgage and that he was aware that his loan was held by a trust and trustee, an Illinois federal judge on Aug. 20 granted a motion filed by a loan servicer to enforce the agreement (Terrance S. Chancellor v. Bank of America N.A., et al., No. 14-cv-7712, et al., N.D. Ill., 2018 U.S. Dist. LEXIS 140546)....

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