Court Opinion

ID: 5665927
Source: CourtListenerOpinion
Date Created: 2022-01-12 03:54:53.396868+00
Date Added: 2024-06-11T08:39:14.754222
License: Public Domain

RYLAARSDAM, Acting P. J., Concurring.
I concur; plaintiffs stated facts sufficient to constitute causes of action. But I want to emphasize that, to prove they were damaged, plaintiffs must show more than the fact that, as a result of the negative amortization, their loan balances increased. This does *255not constitute damages. For every dollar by which the loan balances increased, they were able to keep a dollar to be saved or spent as they pleased. To prove the alleged damages plaintiffs will have to present evidence that, because of the structure of the loans, they suffered actual damages beyond their loss of equity.