3rd Circuit Holds Bank Did Not Hold Mortgage, Affirms Dismissal

(September 28, 2018, 11:33 AM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on Sept. 25 upheld a district court’s decision that a bank was not liable to a borrower because it did not hold the loan at the time the action was filed, affirming dismissal of her claims asserted in a bankruptcy adversary case for violation of the Truth in Lending Act and other New York law claims (In re: Washington Mutual Inc., et al. v. Washington Mutual Inc., No. 17-2360, 3rd Cir., 2018 U.S. App. LEXIS 27330)....

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