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Banking

Dec. 23, 2010

Judge Set to Find Lender in Contempt

A federal judge will set a hearing to determine how much in damages a lender owes a homeowner who lost home in foreclosure.


By Don J. DeBenedictis


Daily Journal Staff Writer


SANTA ANA - A federal judge said he will find a major lender in contempt for transferring ownership of a woman's home despite a state court's temporary restraining order barring foreclosure.


U.S. District Judge James V. Selna said he will soon schedule a hearing to determine how much in damages lender GMAC Mortgage and its foreclosure agent, ETS Services, may have to pay the homeowner. ...

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