Federal Judge Finds Loan Servicer Had No Duty To Borrower

Mealey's (July 8, 2016, 12:57 PM EDT) -- SEATTLE — A Washington federal judge on July 6 granted a loan servicer's motion for summary judgment, finding that it owed no duty to a borrower in relation to a loan modification (Edward D. Mecum v. Wells Fargo Bank, N.A., et al., No. 15-1302, W.D. Wash.; 2016 U.S. Dist. LEXIS 87712).

(Opinion available. Document #85-160712-026Z.)


Edward D. Mecum purchased a property with a loan from Wells Fargo Bank, N.A. Mecum later defaulted on the loan. Wells Fargo offered him a loan modification to cure the...
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