Panel Affirms Ruling In Suit Alleging Predatory Mortgage Lending Practices

(September 23, 2019, 12:25 PM EDT) -- SAN JOSE, Calif. — A California appeals panel on Sept. 17 affirmed a lower court’s summary judgment ruling in favor of mortgage lenders and their officers in the borrowers’ lawsuit alleging that the defendants conducted a deceptive marketing campaign to promote “teaser” interest rates for residential loans for unsophisticated borrowers and charged unreasonable fees in connection with the loans (Salma Merritt, et al. v. Countrywide Financial Corp., et al., No. H041560, Calif. App., 6th Dist., 2019 Cal. App. Unpub. LEXIS 6204)....