Borrower Not Released From Mortgage Debt When Dismissed From Foreclosure Suit

Mealey's (November 9, 2022, 2:29 PM EST) -- NEW YORK — A federal district court did not err in granting summary judgment in favor of a mortgage loan servicer in a Fair Credit Reporting Act (FCRA) and Fair Debt Collection Practices Act (FDCPA) lawsuit brought by a man alleging that the servicer violated the statute by improperly reporting a mortgage debt to a credit reporting agency because the loan servicer’s release of the man from a foreclosure action did not release him from “liability under the mortgage note,” a Second Circuit U.S. Court of Appeals panel affirmed....