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Oct 08, 2014Federal Court Rules in NBS Cases; Credits and Birdies in Miami BeachOn the Docket The United States District Court for the District of Columbia issued a Memorandum Opinion on August 28, 2014, in the consolidated Bennett and Plunkett HECM non-borrower spouse (NBS) cases. The court ruled that: HUD’s Mortgagee Optional Election program is not arbitrary and capricious. The court noted that HUD planned eventually to apply this program to all non-borrowing spouses, as indicated in FHA Info #14-34. The court ordered summary judgment in favor of HUD on this point. HUD’s failure to fully analyze the possibility of delaying foreclosure until
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