Federal Judge Grants Borrowers Classes Summary Judgment In ‘Pay-To-Pay’ Case

(October 11, 2023, 9:17 PM EDT) -- HOUSTON — A federal judge in Texas adopted the recommendation of a magistrate judge to grant summary judgment to two classes of mortgagors with Federal Housing Administration (FHA) loans who sued a servicer and subservicer over “pay-to-pay fees” and left certain issues for the damages stage concerning whether some class members are precluded from recovery due to loan modifications, the statute of limitations and bankruptcy....