California Court of Appeal rules in a published decision that CitiMortgage owes a duty of care on a loan modification

Adding to the split of authority among California’s various state and federal appellate courts, the Third Appellate District ruled that a loan servicer may owe a duty of care to a borrower through application of the “Biakanja” factors, even though its involvement in the loan does not exceed its servicing duties. Thus, the Third District […]

via CitiMortgage owes Borrower Duty of Care regarding Loan Modification Efforts (California’s 3rd District Court of Appeals): Rossetta v. CitiMortgage — Livinglies’s Weblog

The California Supreme Court needs to resolve the split of authority between the various decisions rendered by the California Courts of Appeal relating to the duty of care owed to a borrower for a loan modification.