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Home / Opinion Digests / Contract – Loan – Servicing – Portfolio Transfer – Effective Date (access required)

Contract – Loan – Servicing – Portfolio Transfer – Effective Date (access required)

Although plaintiff bank was disappointed in its expectations to take over servicing of a 46,000-loan portfolio under its contract with Freddie Mac, after another federal court issued a TRO that prevented transfer of the loan portfolio, plaintiff cannot claim any contract damages other than its preparation expenses; an Alexandria U.S. District Court denies the parties’ ...

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