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California's Highest Court Confirms Lenders Owe No Duty to Borrowers to Process, Review, and Respond to Loan Modification Applications and Nixes Negligence Claim | Blank Rome LLP

Published: March 10, 2022

Financial institutions, lenders, and servicers should take note that the California Supreme Court affirmed a Court of Appeal decision confirming there is no duty for a lender to...

Source: jdsupra.com

California Supreme Court Says Lenders Owe No Duty of Care in Loan Modification Negotiations

Published: March 9, 2022

The 2008 financial and foreclosure crisis—in addition to immiserating a generation of homeowners—led to an explosion in litigation against lenders…

Source: lexology.com

Sheen v. Wells Fargo Bank, N.A.: The California Supreme Court Delivers a Big Win for Lenders and Loan Servicers | Buchalter

Published: March 9, 2022

On March 7, 2022, the California Supreme Court issued its much-anticipated decision in Sheen v. Wells Fargo Bank, N.A., holding that a lender does not owe a borrower a tort duty of care...

Source: jdsupra.com