Opinion
2:22-cv-01942-GMN-VCF
01-25-2023
SFR INVESTMENTS POOL 1, LLC, Plaintiff, v. FEDERAL NATIONAL MORTGAGE ASSOCIATION; NEWREZ LLC DBA SHELLPOINT MORTGAGE SERVICING; DOES I through X; and ROE BUSINESS ENTITIES I through X, inclusive, Defendants.
Akerman LLP Paige L. Magaster ARIEL E. STERN, ESQ. Nevada Bar No. 8276 MELANIE D. MORGAN, ESQ. Nevada Bar No. 8215 PAIGE L. MAGASTER, ESQ. Nevada Bar No. 15557 Las Vegas, Nevada 89134 Attorneys for Federal National Mortgage Association and Newrez LLC dba Shellpoint Mortgage Servicing Hanks Law Group Chantel M. Schimming KAREN L. HANKS, ESQ. Nevada Bar No. 9578 CHANTEL M. SCHIMMING, ESQ. Nevada Bar No. 8886 Attorneys for SFR Investments Pool 1, LLC
Akerman LLP
Paige L. Magaster
ARIEL E. STERN, ESQ.
Nevada Bar No. 8276
MELANIE D. MORGAN, ESQ.
Nevada Bar No. 8215
PAIGE L. MAGASTER, ESQ.
Nevada Bar No. 15557
Las Vegas, Nevada 89134
Attorneys for Federal National Mortgage Association and Newrez LLC dba Shellpoint Mortgage Servicing
Hanks Law Group
Chantel M. Schimming
KAREN L. HANKS, ESQ.
Nevada Bar No. 9578
CHANTEL M. SCHIMMING, ESQ.
Nevada Bar No. 8886
Attorneys for SFR Investments Pool 1, LLC
STIPULATION AND ORDER FOR EXTENSION OF TIME TO RESPOND TO AMENDED COMPLAINT
Cam Ferenbach, United States Magistrate Judge.
Defendants Federal National Mortgage Association (Fannie Mae) and NewRez LLC dba Shellpoint Mortgage Servicing (Shellpoint) (collectively defendants), and plaintiff SFR Investments Pool 1, LLC, hereby stipulate and agree that defendants shall have an additional thirty (30) days, up to and including March 6, 2023, to file their response to SFR's amended complaint. Defendants' responsive pleading is currently due on February 2, 2023.
Good cause exists to grant the requested extension. The parties are currently negotiating settlement in good faith in this case. The parties have resolved six substantially similar cases through settlement. SFR made a settlement offer to defendants on December 22, 2022. Defendants' response to SFR's offer remains pending. Because Fannie Mae, which is under conservatorship with the Federal Finance Housing Agency (FHFA), is a named party in the litigation, settlement negotiations require multiple levels of review and input, including by the FHFA. The parties request additional time so defendants may respond to SFR's settlement offer and the parties can further negotiate settlement without incurring the expense of litigating a motion to dismiss.
This is the parties' fifth stipulation for an extension of time for defendants to respond to SFR's amended complaint. The extension is requested in good faith and is not for purposes of delay or prejudice to any party.
IT IS SO ORDERED.