Only Borrower’s Negligence Claim Survives Dismissal In Reverse Mortgage Suit

Mealey's (September 14, 2022, 1:09 PM EDT) -- BROOKLYN, N.Y. — A federal judge in New York on Sept. 12 substantially granted a mortgage lender’s motion to dismiss in a borrower’s lawsuit alleging that the lender breached the terms of a reverse mortgage contract by misrepresenting the status of the reverse mortgage and allowing the borrower’s home to be sold at foreclosure, ruling that only the borrower’s claim for negligence may proceed....