Borrower Class Claims In Predatory Lending Suit Deemed Insufficient As Pleaded

Mealey's (March 28, 2023, 5:51 PM EDT) -- HONOLULU — Borrowers in a predatory lending class action have failed to sufficiently plead claims to support their allegations that their loan servicers engaged in any racketeering activities or violated provisions of the Fair Housing Act (FHA) by locking the borrowers into predatory loans and falsifying loan documents to securitize the loans and ultimately foreclose on the borrowers’ property when they defaulted, a federal judge in Hawaii ruled in granting the loan servicers’ motion to dismiss without prejudice....