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Camello v. Countrywide Financial Corp.

January 23, 2009

JOSEPH CAMELLO; RENEE CAMELLO, PLAINTIFFS,
v.
COUNTRYWIDE FINANCIAL CORPORATION, ETC., COUNTRYWIDE HOME LOANS, INC., ETC., ET AL., DEFENDANTS.



The opinion of the court was delivered by: Judge: Hon. Joseph C. Spero

STIPULATION AND [PROPOSED] ORDER TO TAKE MOTION TO DISMISS OFF CALENDAR AND TO EXTEND DEFENDANTS' DEADLINE TO RESPOND TO AMENDED COMPLAINT

Hearing Date: February 6, 2009

Time: 9:30 a.m.

Complaint Filed: September 24, 2008

WHEREAS Countrywide Financial Corp. and Countrywide Home Loans, Inc. ("Countrywide") have filed a motion to dismiss presently set for hearing on February 6, 2009;

WHEREAS plaintiffs Joseph and Renee Camello filed a First Amended Complaint on January 16, 2009; and

WHEREAS the parties have discussed the pending motion, the First Amended Complaint, and whether settlement of this case was feasible and agreed upon the following:

A. It would make sense to take Countrywide's Motion to Dismiss set for hearing on February 6, 2009 off calendar since plaintiffs have amended their complaint;

B. The parties disagree as to whether the First Amended Complaint still states a Federal Question-plaintiff contends it does not, Countrywide contends that the First Amended Complaint still raises questions under the federal Alternative Mortgage Transaction Parity Act;

C. The parties agree that it would be more constructive for both sides to explore the possibility of settlement at this juncture, rather than having either side immediately having to file additional motions; and D. A continuance of approximately 30 days on Countrywide's deadline to respond to the Amended Complaint-from January 29 to March 2-would give the parties a reasonable opportunity to explore settlement without incurring substantial additional costs.

In light of the foregoing, the parties stipulate and request that the Court enter the following Order:

1. The motion to dismiss set for hearing on February 6, 2009 is taken off calendar, without prejudice.

2. Countrywide will have until March 2, 2009, to file its response to the ...


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