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everson attorney Andrew Noble obtained summary judgment for mortgage originators in a series of federal court cases. Noble prevailed in the U.S. District Court for Eastern California against a mortgage borrower’s allegation that the originator violated TILA, RESPA and state laws by altering loan terms following loan approval but prior to closing. Noble prevailed in the Northern District against a… Read More

A national bank’s lien encumbering unimproved parcels was threatened by a series of pre- and post-loan lot line adjustments in San Mateo County. Severson attorney Andrew Noble developed a novel settlement with the borrower and other lienholders to foreclose, market and sell the property for substantial mutual benefit. Read More

Severson attorney Andrew Noble successfully represented a national bank at a trial in Alameda County Superior Court concerning a dormant certificate of deposit account. The consumer alleged that the bank failed to return funds deposited in the account. A jury found for the bank on all claims. Read More

Sometimes the best results are achieved through settlement rather than from judge or jury. That was the case where Severson negotiated a resolution on behalf of one of the country’s leading tax-credit syndicators. The dispute involved three troubled affordable housing developments in Florida and a fourth in Illinois. Months of negotiations resulted in multi-million dollar relief for one failed project… Read More

Deutsche Bank National Trust Company (DBNTC) prevailed at a three-day bench trial before Judge Richard Jones of the U.S. District Court for the Western District of Washington. The plaintiff, a mortgage borrower, alleged that DBNTC had failed to perfect its ownership of the loan following origination and then failed to provide pre-foreclosure notices required under Washington law. Judge Jones rejected… Read More

This was a complex case arising out of a failed low-income housing project and involving sophisticated tax credit syndication issues. In voir dire, several jurors in this Los Angeles Superior Court admitted mixed feelings (at best) about banks. Yet, after two weeks of trial and less than an hour of deliberation, a unanimous jury concluded that the developer had failed… Read More

Severson attorney Andrew Noble has mixed litigation with transactional work for a number of years, but not quite like in one recent week. Noble closed two multi-property commercial mortgage loans totaling $32 million in Colorado and New Mexico on Tuesday and Thursday, after representing a mortgage servicer in a one-day bench trial in Alameda County on Monday. The court rejected… Read More

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