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Home / Opinion Digests / No Jurisdiction Over Loan Closers (access required)

No Jurisdiction Over Loan Closers (access required)

In lender’s action for indemnity against broker, the Richmond U.S. District Court says it lacks jurisdiction to include a Massachusetts closing attorney and title company the broker claims should be responsible for borrower’s fraud. In early 2007, lender and broker entered an agreement for broker to originate mortgage loans.  The agreement included provision for broker to ...