On February 14, 2025, the San Diego Superior Court granted our Motion for monetary sanctions against Pennymac Loan Services, LLC for failing and refusing to cooperate in good faith at scheduling depositions.
A copy of the sanctions order can be found by clicking here.
Our office is currently suing Pennymac for multiple violations of California State Laws, including California Military and Veterans’ Code (C.M.V.C.) § 800.
As we have previously reported, C.M.V.C. § 800 provides certain financial protections to California reservist servicemembers who are being ordered into active duty.
Our lawsuit against Pennymac alleges that our client properly submitted his requests for deferment of principal and interest on his home mortgage mortgage loan.
However, Pennymac failed to provide a written response explaining why they believed our client’s request for deferment was insufficient and failed to explain why they believed our client was otherwise not entitled to the relief requested.
Pursuant to C.M.V.C. § 813, a loan servicer or creditor waives any ability to argue that the servicemember’s request for deferment is insufficient or that the member is not otherwise entitled to the relief requested if the loan servicer/creditor fails to provide a written response explaining these issues within 30 days of the request having been made.
In this case, our office tried for several months to take the deposition of the person who worked on our client’s account in responding to our client’s request for deferment.
However, Pennymac failed and refused for several months to cooperate with us in scheduling this deposition, which resulted in Pennymac being issued sanctions on February 14, 2025.