Reverse Mortgage Trustee Dismissed from FDCPA Suit After Settlement Reached

Mealey's (December 15, 2022, 1:53 PM EST) -- RICHMOND, Va. — A federal judge in Virginia granted a borrower’s motion to voluntarily dismiss a substitute trustee from a lawsuit stemming from the trustee’s initiation of foreclosure proceedings after the borrower allegedly defaulted on her reverse mortgage after the parties reached the terms of an undisclosed settlement agreement....