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Mortgage defaults

400 Capital sues over alleged fee-grab tactic in CMBS loan

Distressed, Mortgage defaults, Securitization, Servicing /

A $130 million loan tied to Midtown Manhattan properties is at the center of a lawsuit that accuses a firm hired to ensure the debt is repaid of self-serving tactics. Processing Content Rialto Capital, tasked with overseeing the loan on behalf of investors, allegedly engineered a way to keep it in default so that the […]

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Nationstar debt collection case tossed for lack of standing

Law and legal issues, Mortgage defaults, Servicing /

For the second time, a federal court judge in Pennsylvania has dismissed a legal action filed against Nationstar and others, now stating the plaintiff lacked standing to sue. The other defendants are Wilmington Savings Fund Society as the trustee for a mortgage-backed securities trust, and A&D Mortgage, who originated the loan in September 2023 and

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