New Jersey Court Rules That Securitization Trustee Is Holder In Due Course Of Mortgage Debt

LexisNexis (June 11, 2018, 1:20 PM EDT) -- A recent decision from New Jersey holds that US Bank, as trustee of a securitization trust, had standing to foreclose on a home mortgage, with power to take free of the debtors' defenses, including predatory lending. The New Jersey case is a poster child for the mortgage meltdown which led to the Great Recession....