Federal Jury Awards Mortgage Servicing Company $22M For Dispute Over Owed Funds

(August 11, 2023, 1:58 PM EDT) -- NEWARK, N.J. — A jury in a New Jersey federal court returned a verdict in a dispute over who was entitled to funds after a mortgage lender ended a long-standing servicing agreement with another company, finding that the servicing company was entitled to more than $22 million on its fraud and conversion claims while awarding the lender $247,000 for breach of contract....