United States Third Circuit
Jose Tellado v. Indymac Mortgage Services, 11-2708
Plaintiffs' claim against a failed bank purchased by defendant is jurisdictionally barred under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 where they failed to exhaust the administrative process, and therefore the district court lacked subject matter jurisdiction to order cancellation of the mortgage loan, and the penalty order against defendant must be reversed because the district court violated due process requirements by not giving defendant notice or the opportunity to be heard.
Appellate Information
- Decided 02/11/2013
- Published 02/11/2013
Judges
- ROTH
Court
- United States Third Circuit