Loan Servicing

The Ninth Circuit affirmed a contempt sanction against Ocwen Loan Servicing in a case brought by debtors who claim they suffered severe emotional distress by receiving letters and phone calls from the company about the home they had abandoned to foreclosure before filing for bankruptcy. A bankruptcy court had concluded the company violated the debtors’ discharge injunction.

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Squabble Over Lost Property Tax Pits Wells Fargo, Oakland at Ninth Circuit

The city of Oakland should not be allowed to sue Wells Fargo under the Fair Housing Act over lost property tax revenue from the foreclosures it attributes to the bank’s discriminatory mortgage lending practices, an attorney for the bank told the Ninth Circuit on Monday.

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