Loan Servicers Score Summary Judgment Win In Loan Modification Suit

Mealey's (August 30, 2021, 8:57 AM EDT) -- BALTIMORE — Current and former note holders and servicers of a mortgage loan are entitled to summary judgment on a borrower’s claim seeking declaratory judgment that his deed of trust expired and is no longer enforceable because the borrower erroneously argues that a loan modification agreement into which he entered modified the deed of trust’s maturity date, a federal judge in Maryland ruled Aug. 26 in denying the borrower’s summary judgment motion and granting in part the defendants’ motion....