2nd Circuit Finds Banks Have Standing To Enforce Mortgages

Mealey's (June 2, 2017, 1:17 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on May 31 affirmed a district court's decision that several banks had standing to enforce individual notes and mortgages under New York law, rejecting a bankruptcy trustee's appeal of a district court's summary judgment ruling in favor of the banks (Michael H. Arnold, as Chapter 11 Trustee v. First Citizens National Bank, et al., No. 16-4012, 2nd Cir., 2017 U.S. App. LEXIS 9499)....