Werts v. Federal National Mortgage Ass'n

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

In the case at bench the debtor objects to the proof of claim filed by the Federal National Mortgage Association (“FNMA”) and requests that the claim be reduced due to FNMA’s alleged violations of the Truth in Lending Act (“the Act”), 15 U.S.C. §§ 1601-1667e. For the reasons stated herein, we will deny the objection.

The facts of the case are as follows:1 FNMA holds a mortgage on the debtor’s realty which was granted on November 21, 1969. Following FNMA’s receipt of the *801debtor’s monthly payment for March of 1981, the debtor ceased servicing the debt.…