Complaint Against Loan Servicer, LPI Insurers Rife With Time-Barred Claims

Mealey's (October 31, 2022, 10:35 AM EDT) -- BOSTON — A federal judge in Massachusetts dismissed claims brought by a borrower alleging that her mortgage loan servicer and lender-placed insurers violated state, federal and common law by engaging in an illegal kickback scheme in which borrowers were forced to pay artificially inflated premiums for lender-placed insurance (LPI) policies, ruling that each of the borrowers’ claims was time-barred and not subject to tolling under the discovery rule....