Nicholas Manfre v. Fay Servicing, LLC; US Bank Trust National Association, not in its individual capacity but solely as owner trustee for VRMTG Asset Trust

CourtDistrict Court, E.D. New York
DecidedMarch 23, 2026
Docket1:24-cv-06067
StatusUnknown

This text of Nicholas Manfre v. Fay Servicing, LLC; US Bank Trust National Association, not in its individual capacity but solely as owner trustee for VRMTG Asset Trust (Nicholas Manfre v. Fay Servicing, LLC; US Bank Trust National Association, not in its individual capacity but solely as owner trustee for VRMTG Asset Trust) is published on Counsel Stack Legal Research, covering District Court, E.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Nicholas Manfre v. Fay Servicing, LLC; US Bank Trust National Association, not in its individual capacity but solely as owner trustee for VRMTG Asset Trust, (E.D.N.Y. 2026).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK --------------------------------------------------------------- X : NICHOLAS MANFRE, :

Plaintiff, : MEMORANDUM DECISION AND ORDER :

– against – 24-CV-6067 (AMD) (LKE) :

FAY SERVICING, LLC; and US BANK TRUST : NATIONAL ASSOCIATION, not in its : individual capacity but solely as owner trustee for VRMTG ASSET TRUST, : : Defendants. : --------------------------------------------------------------- X

A NN M. DONNELLY, United States District Judge: The plaintiff brings this action against Fay Ser vicing, LLC and U.S. Bank Trust National Association (“U.S. Bank”),1 alleging violations of the Real Estate Settlement Procedures Act

(“RESPA”), 12 U.S.C. 2601 et seq., the Truth in Lending Act (“TILA”), 15 U.S.C. § 1601 et

seq., and the Fair Debt Collection Practices Act (“FDC PA”), 15 U.S.C. § 1692 et seq. The defendant moves to dismiss the complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). As explained below, the motion to dismiss is granted. BACKGROUND Factual History On July 15, 2003, the plaintiff purchased the home at 14 Florence Place, Staten Island, New York 10309 and executed a note for $200,000, secured by a mortgage on the property in

1 The plaintiff sues U.S. Bank solely as the trustee for the owner of his mortgage loan — VRMTG Asset Trust. (ECF No. 1 ¶ 5.) favor of Mortgage Electronic Registration Systems, Inc. (“MERS”), a nominee for DMAS Financial Services, Inc. (“DMAS”). (ECF No. 1 ¶¶ 16–17.) Between 2003 and 2020, the mortgage was assigned multiple times and the servicer of the mortgage loan changed repeatedly. (Id. ¶¶ 3–13, 18.) The loan was serviced by Bank of America, N.A. (“BANA”) or its

predecessor entities from July 15, 2003 to May 14, 2012, by Nationstar Mortgage LLC d/b/a Mr. Cooper (“Nationstar”) from May 15, 2012 to December 17, 2017, and by Specialized Loan Servicing LLC n/k/a Newrez LLC d/b/a Shellpoint Mortgage Servicing (“SLS”) from December 18, 2017 to March 2, 2020. (Id. ¶¶ 5–12.) Fay Servicing has serviced the loan since March 3, 2020. (Id. ¶ 4.) The current owner of the plaintiff’s mortgage loan is VRMTH Asset Trust; U.S. Bank is the designated trustee. (Id. ¶¶ 5–6.) In 2010, the plaintiff stopped making payments on his mortgage loan. Exhibit D to Complaint, Specialized Loan Servicing LLC v. Nicholas Manfre, Index No. 135923/2014 (N.Y. Sup. Ct. Nov. 20, 2014).2 As a result, the prior servicer — SLS — brought a foreclosure action against the property in 2014. Id. While the proceedings were ongoing, Fay took over for SLS as

the servicer. (Id. ¶¶ 5–12.) On January 18, 2022, the plaintiff and Fay, acting as “attorney in fact” for U.S. Bank, agreed to a loan modification agreement. (ECF No. 1 ¶ 19; see also ECF No. 1-15 (loan modification agreement).) The modification increased the unpaid principal balance from $167,658.63 to $402,701.15, after accrued fees, interest, and other expenses capitalized. (ECF No. 1 at ¶¶ 19–20.) It also required the plaintiff to pay a $199,134.48 “balloon payment” when the loan reaches maturity. (Id. at ¶ 21.) After the parties agreed to the

2 The foreclosure action and related filings are state court records, which are a matter of public record of which the Court may take judicial notice. See Krick v. Raytheon Co., 23-CV-8093, 2026 WL 607395, at *7 (E.D.N.Y. Mar. 2, 2026). modification, the foreclosure action was dismissed (ECF No. 37 at 25 n.9), and the plaintiff has since remained current on the modified loan. (Id. at 30 n.12.) On April 10, 2024, the plaintiff sent Fay a request for “an itemization and explanation of all fees and other amounts charged to Plaintiff’s account and/or added to the loan balance since

origination,” among other things. (ECF No. 1 ¶ 24; ECF No 1-16 (qualified written request).) Fay responded on May 13, 2024, and sent documents including the plaintiff’s account history, corporate advance history, fee history, and escrow analyses from March 3, 2020 to April 29, 2024. (ECF No. 1 ¶ 29; see also ECF No. 1-17 (Fay’s response letter).) Fay did not provide everything that the plaintiff requested, describing some of his requests as “overbroad, unduly burdensome, or irrelevant and not directly related to the mortgage loan account.” (ECF No. 1-17 at 2.) Fay did not provide information that pre-dated its involvement with the loan, explaining that “Fay is limited in our ability to provide a full account history breakdown since origination of the loan as Fay has not serviced this loan in its entirety. We encourage you to contact the originator of the loan and/or previous servicer(s) for origination documents.” (Id.) Fay’s

response also listed the phone number and times it could be reached. (Id. at 3.) Procedural History On August 29, 2024, the plaintiff filed the complaint in this action. (ECF No. 1.) Initially, he sued the current owner and servicer of his loan, U.S. Bank and Fay Servicing, as well as the previous servicers, SLS, Nationstar, and BANA. (Id.) The complaint included sixteen claims against various combinations of defendants. (Id.) He brought five claims under RESPA (Id. ¶¶ 72–125), four under TILA (Id. ¶¶ 126–50), two under the FDCPA (Id. ¶¶ 151– 65), and five under New York state law (Id. ¶¶ 166–221). After a December 17, 2024 pre- motion conference (ECF Minute Entry dated Dec. 17, 2024), the plaintiff agreed to dismiss the case against SLS, Nationstar, and BANA, (ECF No. 33), as well as a RESPA claim and the state law claims against the remaining defendants — Fay Servicing and U.S. Bank (ECF No. 32). The following RESPA claims remain: “failure to adequately respond to borrower inquiries” under 12 U.S.C. §§ 2605(e)–(f) and 12 C.F.R. §§ 1024.35–.36 (Count 1), “improper

administration of escrow accounts” under 12 U.S.C. § 2605(g) and 12 C.F.R. §§ 1024.17, 1024.34 (Count II), “failure to provide required notices” under 12 U.S.C. §§ 2605(b)–(c) and 12 C.F.R. § 1024.33 (Count III), and “violation of servicer prohibitions” under 12 U.S.C. § 2605(k) and 12 C.F.R. § 1024.38 (Count IV). (ECF No. 1 ¶¶ 72–118.) The plaintiff also asserts claims under TILA for “failure to comply with post-consummation disclosure requirements” under 15 U.S.C. § 1631 et seq. and 12 C.F.R. § 1026.20 (Count VI), “failure to provide other required disclosures” under 15 U.S.C. § 1631 et seq. and 12 C.F.R.

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