Mishandled Loan Doesn't Warrant $3M Verdict, 7th Circ. Told

Law360 (September 16, 2019, 7:22 PM EDT) -- A mortgage servicer urged the Seventh Circuit on Monday to reverse or reduce a $3 million punitive damages award won by a woman who claimed the company mishandled her account, saying there was no evidence its officers or directors knew about the problems with her loan.

The matter stems from a mistake made by an Ocwen Loan Servicing LLC employee who incorrectly coded Monette Saccameno's bankruptcy discharge as a dismissal, causing the company's records to reflect that she was delinquent. The company continued to pursue her for debts paid through her Chapter 13 bankruptcy process, and after a series of collection...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!