Wells Fargo, Orix Shed Loan Servicing Suit

Law360 (December 18, 2007, 12:00 AM EST) -- The suit that securities investor Super Future Equities Inc. filed against Wells Fargo Bank NA, the trustee of its mortgage-backed notes, and loan servicer Orix Capital Markets LLC is out of steam now that a Dallas federal court has granted summary judgment in favor of the defendants.

Wells Fargo had acted as the trustee and Orix as the master and special loan servicer for two trusts of mortgage-backed notes – the Merrill Lynch Mortgage Investors Inc. Trust and the First Union-Lehman Brothers-Bank of America Trust –...
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