5th Circuit Affirms Ruling, Holds No Loan Modification Contract Existed

Mealey's (January 17, 2019, 1:26 PM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Jan. 14 affirmed a summary judgment ruling for lenders and a loan servicer, holding that no valid contract for a loan modification existed with borrowers and that a bank did not commit common-law fraud (Harold W. Criswell, et al. v. Deutsche Bank National Trust Co., et al., No. 18-40428, 5th Cir., 2019 U.S. App. LEXIS 1221)....