A mortgage lender's following of its own procedures in denying a mortgage modification did not establish that it acted in good faith, a state judge says.
February 07, 2013 at 03:44 AM
1 minute read
A mortgage lender’s following of its own procedures in denying a mortgage modification did not establish that it acted in good faith, a state judge held Tuesday.
"The argument that neither the court nor the defendant may question the reasonableness of a mortgagee’s internal standards is categorically rejected," Bergen County Assignment Judge Peter Doyne wrote in Hudson City Savings Bank v. Colyer, BER-F-1214-12.
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