District Court Reverses Bankruptcy Court Order Imposing Sanctions on Mortgage Servicer
Consumer Financial Services Law
JULY 21, 2021
The bankruptcy court order held mortgage servicer Newrez, LLC (“Newrez”) and the holder of the mortgage note at issue in civil contempt for failing to abide by the terms of the individual debtors’ confirmed chapter 11 plan (the “Plan”). Newrez, LLC v. Beckhart , No. 7:20-cv-00192-BO, 2021 U.S. LEXIS 125293, at *1 (E.D.N.C. July 6, 2021).
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