Liability, Damages Phases Of Loan Servicing Trial In Borrower Suit Bifurcated

Mealey's (May 20, 2022, 9:39 AM EDT) -- SHERMAN, Texas — Bifurcation of punitive and/or exemplary damages claims in a lawsuit brought by a borrower alleging that his loan servicer and others violated the terms of Chapter 13 bankruptcy orders by continuing to report inaccurate mortgage loan debt to credit reporting agencies (CRAs) is warranted because not doing so would be prejudicial to the holder of the borrower’s note and his loan servicer, a federal magistrate judge in Texas ruled April 26 in granting the motion....