Panel Reverses Course In Mortgage Discharge Appeal In Light Of TransUnion

Mealey's (November 19, 2021, 10:57 AM EST) -- NEW YORK — Citing the impact of the U.S. Supreme Court’s recent ruling in TransUnion LLC v. Ramirez, a Second Circuit U.S. Court of Appeals panel on Nov. 17 vacated its prior holding that borrowers possessed Article III standing to bring class claims against a loan servicer for alleged violations of New York’s mortgage-satisfaction-recording statutes on rehearing and ruled that, in light of TransUnion, the borrowers lack standing and may not pursue their state law claims in federal court....