Matthew V. Vaughan, et al. v. Federal National Mortgage Association, et al.

CourtDistrict Court, N.D. California
DecidedApril 29, 2026
Docket4:25-cv-00479
StatusUnknown

This text of Matthew V. Vaughan, et al. v. Federal National Mortgage Association, et al. (Matthew V. Vaughan, et al. v. Federal National Mortgage Association, et al.) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Matthew V. Vaughan, et al. v. Federal National Mortgage Association, et al., (N.D. Cal. 2026).

Opinion

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 MATTHEW V. VAUGHAN, et al., Case No. 25-cv-00479-ASK

8 Plaintiffs, ORDER RE: MOTIONS TO DISMISS v. 9 Re: Dkt. Nos. 87, 88, 89, 91 10 FEDERAL NATIONAL MORTGAGE ASSOCIATION, et al., 11 Defendants.

12 13 Plaintiffs Matthew and Amy Vaughan sue Defendants for claims arising from a real estate 14 transaction gone wrong. Dkt. 84.1 Defendants move to dismiss the Second Amended Complaint 15 (“SAC”). Dkts. 87, 88, 89, 91. Having considered the briefing, and with the benefit of oral 16 argument on April 1, 2026, the Court GRANTS IN PART and DENIES IN PART Defendants’ 17 motions to dismiss for the reasons explained below. This Order assumes the reader’s familiarity 18 with the underlying facts. 19 I. BACKGROUND 20 Plaintiffs allege as follows. In early 2021, Plaintiffs Matthew V. Vaughan and Amy A. 21 Vaughan bought a condominium unit (“Unit 5410”) in the “Trask Lofts” project located at the 22 corner of Trask Street and Kingsland Avenue in East Oakland. The Vaughans occupied Unit 5410 23 as their exclusive residence from March 2021 to March 2022, during which they “experienced 24 severe habitability and safety problems, including chronic carbon monoxide exposure associated 25 with an improperly installed and uninspected indoor tankless water heater, and significant water 26

27 1 Record citations are to material in the Electronic Case File (“ECF”); pinpoint citations are to the 1 intrusion with associated damage and mold/mildew conditions inside and outside Unit 5410.” Dkt. 2 84 ¶ 21. Around March 2022, the Vaughans discovered that Trask Lofts “was never approved for 3 condominium subdivision” or “lawful residential occupancy” and “lacked life-safety systems 4 required for lawful occupancy” such as “state-mandated fire sprinklers, [a] fire alarm/alert system, 5 [and] fire extinguishers.” Id. ¶¶ 11, 15, 22. 6 Defendant Compass California (“Compass”) was the real estate broker for the doomed 7 property—representing both the Vaughans and the seller of Unit 5410—and had listed Unit 5410 8 in December 2020 as “a new residential condominium.” Id. ¶¶ 124, 134. Defendant Movement 9 Mortgage (“Movement”) provided the mortgage for the Vaughans’s purchase of Unit 5410 (the 10 “Purchase Loan”). Id. ¶ 27. Defendant Federal National Mortgage Association (“Fannie Mae”) 11 acquired the beneficial interest of the Purchase Loan from Movement. Id. ¶¶ 101-02. Defendant 12 Old Republic National Title Insurance Company (“Old Republic”) “provided escrow and title- 13 related services in connection with [the Vaughans’] purchase and financing of Unit 5410[.]” Id. ¶ 14 174. 15 II. DISCUSSION 16 Under Federal Rule of Civil Procedure 12(b)(6), dismissal “is appropriate only where the 17 complaint lacks a cognizable legal theory or sufficient facts to support a cognizable legal theory.” 18 Mendiondo v. Centinela Hosp. Med. Ctr., 521 F.3d 1097, 1104 (9th Cir. 2008). “[A] complaint 19 must contain sufficient factual matter, accepted as true, to ‘state a claim to relief that is plausible 20 on its face.’” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) (quoting Bell Atl. Corp. v. Twombly, 550 21 U.S. 544, 570 (2007)). The facts alleged must be “enough to raise a right to relief above the 22 speculative level.” Twombly, 550 U.S. at 555. Conclusory assertions are insufficient to state a 23 claim. Iqbal, 556 U.S. at 678. That said, we accept all factual allegations in the complaint as true 24 and construe the pleadings in the light most favorable to the nonmoving party. Capp v. Cnty. of 25 San Diego, 940 F.3d 1046, 1052 (9th Cir. 2019). Additionally, the Court liberally construes the 26 Vaughans’ SAC because pleadings by self-represented litigants “must be held to less stringent 27 standards than formal pleadings drafted by lawyers[.]” Erickson v. Pardus, 551 U.S. 89, 94 1 A. Mortgage Defendants 2 The Vaughans bring various claims against Movement and Fannie Mae (“Mortgage 3 Defendants”) related to the Purchase Loan and foreclosure of Unit 5410. Claim One and Claim 4 Two, which both accuse Movement of fraud for financing the Vaughans’ purchase of Unit 5410, 5 are DISMISSED with leave to amend. Both of these claims purport to allege fraudulent 6 affirmative statements and omissions. 7 To the extent that these claims rely on omissions—as all of Claim One and a portion of 8 Claim Two do—they fail because Movement did not owe the Vaughans a duty of care. See 9 Boschma v. Home Loan Ctr., Inc., 198 Cal. App. 4th 230, 248 (2011) (explaining that, in “an 10 action for fraud and deceit based on concealment[,]” “the defendant must have been under a duty 11 to disclose the fact to the plaintiff”); Ragland v. U.S. Bank Nat’l Assn., 209 Cal. App. 4th 182, 206 12 (2012) (“As a general rule, a financial institution owes no duty of care to a borrower when the 13 institution’s involvement in the loan transaction does not exceed the scope of its conventional role 14 as a mere lender of money.” (cleaned up)). 15 To the extent that these claims rely on affirmative false statements, the Vaughans have 16 failed to adequately allege falsity. See Cafasso, U.S. ex rel. v. Gen. Dynamics C4 Sys., Inc., 637 17 F.3d 1047, 1055 (9th Cir. 2011) (“To satisfy Rule 9(b), a pleading must identify the who, what, 18 when, where, and how of the misconduct charged, as well as what is false or misleading about the 19 purportedly fraudulent statement, and why it is false.” (cleaned up)). According to the Vaughans, 20 Movement represented that “the Purchase Loan was a ‘conventional’ FNMA condominium loan 21 tied to objective eligibility standards.” Dkt. 84 ¶ 57. But that statement appears true, as that was 22 the type of loan product that the Vaughans allegedly received. The Vaughans allege that 23 Movement falsely stated that it “would obtain and review ‘required condo docs’ and complete 24 condominium-review steps for ‘final approval.’” Id. But there is no plausible allegation that 25 Movement failed to perform its review or obtain final internal approval. The Vaughans are 26 certainly displeased with the thoroughness of Movement’s review, as the review failed to expose 27 obvious defects. But that is insufficient to generate a plausible inference that Movement’s 1 the Vaughans allege that Movement “deliver[ed] the loan into a channel designed for acquisition 2 by Fannie Mae while certifying or implying eligibility compliance consistent with the 3 conventional product Movement marketed and approved.” Id. While that allegation alludes to a 4 potential false certification of compliance by Movement, the allegation fails to identify what that 5 false statement was. Without a false statement, the Vaughans cannot state a fraud claim. 6 The Vaughans’ fraud claims against Movement fail for the additional reason that the 7 Vaughans have not alleged facts sufficient to support an inference that Movement intended to 8 defraud the Vaughans. See Robinson Helicopter Co. v. Dana Corp., 34 Cal. 4th 979, 990 (2004) 9 (explaining that “intent to defraud, i.e., to induce reliance” is a required element of fraud). Indeed, 10 without more facts, it is implausible that a mortgage company would have intentionally—as 11 opposed to negligently—induced a customer into buying a property that the company knew to be 12 defective.

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551 U.S. 89 (Supreme Court, 2007)
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Salahutdin v. Valley of California, Inc.
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Sciarratta v. U.S. Bank National Ass'n
247 Cal. App. 4th 552 (California Court of Appeal, 2016)
Jonathan Capp v. County of San Diego
940 F.3d 1046 (Ninth Circuit, 2019)
Boschma v. Home Loan Center, Inc.
198 Cal. App. 4th 230 (California Court of Appeal, 2011)
Ragland v. U.S. Bank National Ass'n
209 Cal. App. 4th 182 (California Court of Appeal, 2012)
Hovannisian v. First Am. Title Ins. Co.
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Bluebook (online)
Matthew V. Vaughan, et al. v. Federal National Mortgage Association, et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/matthew-v-vaughan-et-al-v-federal-national-mortgage-association-et-al-cand-2026.