Foreclosure Ruling For Loan Servicer Premature, 5th Circuit Holds

Mealey's (January 7, 2019, 1:57 PM EST) -- NEW ORLEANS — After holding that it was premature for a district court to hold that a loan servicer was entitled to summary judgment on its counterclaim for foreclosure in a borrower’s lawsuit, the Fifth Circuit U.S. Court of Appeals on Jan. 4 vacated the decision on that claim and remanded the case for further proceedings (Michael Wease v. Ocwen Loan Servicing, L.L.C., No. 17-10574, 5th Cir., 2019 U.S. App. LEXIS 265)....