1st Circuit Panel Finds Loan Servicers Not Parties To Forbearance Agreement

Mealey's (May 5, 2020, 10:15 AM EDT) -- BOSTON — A First Circuit U.S. Court of Appeals panel on May 4 upheld the dismissal of a woman’s lawsuit against two loan servicers, finding that her breach of contract and consumer protection claims failed because the defendants were not parties to a forbearance agreement she entered into with BAC Home Loans Servicing LLP in July 2009 (Karen M. Shea v. Ditech Financial LLC, et al., No. 17-1699, 1st Cir., 2020 U.S. App. LEXIS 14199)....