Aurora Loses Bid To Toss Calif. Mortgage Class Action

Law360, Los Angeles (December 20, 2012, 10:24 PM EST) -- A California federal judge on Thursday refused to throw out a putative class action accusing lender Aurora Loan Services LLC of using illegal mortgage agreements to extract unearned payments from the plaintiffs, finding that the claims aren’t preempted by federal law.

U.S. District Judge Saundra B. Armstrong on Thursday denied instant motion for judgment Aurora filed Aug. 24, rejecting the lender's claims that allegations that it reneged on its promises to assist California homeowners facing foreclosure are preempted by the federal Home Owners’ Loan Act because...
To view the full article, register now.