Citi, Others Must Face Most Claims In Bungled-Mortgage Suit

Law360, New York (June 26, 2012, 1:42 PM EDT) -- A federal judge in Pennsylvania on Monday left intact much of a proposed class action against Citi Mortgage Inc. and two other companies accused of bungling foreclosure proceedings against homeowners amid the housing market’s collapse.

Under the ruling from U.S. District Judge Mark. R. Hornak, Citi must face allegations it breached Pennsylvania’s Unfair Trade Practices and Consumer Protection Law. The same goes for loan servicer Seterus Inc. and debt-collection law firm Phelan Hallinan & Schmieg LLP.

Judge Hornak’s opinion preserved several claims and struck down others...
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