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Judge: Loan Assignees Cannot Be Held Liable Over Loan Origination

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DETROIT - A federal judge in Michigan on March 26 dismissed a woman's lawsuit against the Federal Home Loan Mortgage Corp. (Freddie Mac) and Bank of America N.A. (BANA), finding that they cannot be held liable for claims stemming from alleged fraud that occurred during the refinancing of the plaintiff's loan (Charlene R. Warner v. Federal Home Loan Mortgage Corporation, et al., No. 12-13616-PJD-MKM, E.D. Mich.; 2013 U.S. Dist. LEXIS 41847)....(read more)

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