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Borrowers sue over apparent loan mod mishaps 

Published: July 8, 2011

Tags: Bank of America, foreclosure, loan modification, Massachusetts, mortgage, New York

A spate of lawsuits accuse some of the nation’s biggest banks of disregarding what should be binding agreements to reduce the monthly mortgage payments of troubled borrowers.

Two states sue Bank of America over loan modifications 

By: Sylvia Hsieh
Published: December 28, 2010

Tags: Bank of America, deceptive trade practices, foreclosures, loan modification

Arizona and Nevada have sued Bank of America alleging deceptive trade practices in the way they have handled mortgage loan modifications and foreclosures.

Banks face class actions for not modifying mortgage loans 

By: Sylvia Hsieh
Published: November 15, 2010

Tags: breach of contract, class actions, consumer fraud, foreclosures, HAMP program, Home Affordable Modification Program, loan modification, mortgage modification, Obama

Several class actions have been filed against banks around the country for not fulfilling promises to modify borrowers’ mortgage loans under the federal HAMP program.

Top bankruptcy law stories of 2009 

By: Reni Gertner
Published: December 24, 2009

Tags: Bankruptcy Abuse Prevention and Consumer Protection Act, bankruptcy filings, CHAPTER 13, Chrysler bankruptcy, debt relief agency, GM bankruptcy, loan modification, National Association of Consumer Bankruptcy Attorneys, Obama, student loans

It started out as a busy year for bankruptcy attorneys – and it just became busier as filings continued to rise.

From the start of 2009, experts warned novice bankruptcy attorneys to do their homework before jumping into the specialized practice niche.

Loan modification and bankruptcy complicate each other 

By: Sylvia Hsieh
Published: December 4, 2009

Tags: CHAPTER 13, Chapter 7, HAMP, Home Affordable Modification Program, loan modification

While many debtors continue to hope for a loan modification for their home mortgage, the reality of the modification program is complicating life for bankruptcy attorneys.

Obama’s loan modification program reports success 

By: Reni Gertner
Published: October 8, 2009

Tags: foreclosure, loan modification, Obama

The Obama administration’s mortgage relief effort has helped 500,000 homeowners and officials maintain that the program is on track despite its disappointing launch, the administration said Thursday.

Senate bill would limit foreclosure 

By: Reni Gertner
Published: October 2, 2009

Tags: foreclosure, loan modification

Democrats in the Senate introduced a bill this week that would expand federal loan-modification programs and make it harder for lenders to foreclose on homeowners.

Report recommends stricter laws on loan modification fees 

By: Sylvia Hsieh
Published: July 14, 2009

Tags: loan modification

Stricter laws on fees paid by consumers to modify loans and home mortgages are required to stem the tide of loan modification scams, according to a new report released by the National Consumer Law Center in Boston.