Mortgage Lender Seeks High Court Input On Predatory Lending Money Judgment

Mealey's (October 19, 2021, 12:57 PM EDT) -- WASHINGTON, D.C. — A split Fourth Circuit U.S. Court of Appeals panel erred in affirming a federal district court’s grant of class certification and its award of a $10 million class judgment in a predatory lending lawsuit stemming from an allegedly fraudulent appraisal fee scheme because borrowers who brought the class action failed to show that unnamed class members may recover for injuries they may have not suffered, a mortgage lender and its affiliate argue in a petition for a writ of certiorari filed on Sept. 17 in the U.S. Supreme Court....