United States Third Circuit
Fried v. JP Morgan Chase & Co, 16-3069
In a suit by a homeowner with a modified mortgage. alleging the lender wrongfully extended her mortgage insurance premiums, the district court's decision is affirmed where a servicer may not rely on an updated property value, estimated by a broker, to recalculate the length of a homeowner's mortgage insurance obligation following a modification, and instead the ending of that obligation must remain tied to the initial purchase price of the home.
Appellate Information
- Published 2017/03/09
Judges
- AMBRO
Court
- United States Third Circuit