Homeowners can’t sue over denial of HAMP application 
Published: April 24, 2013
Tags: breach of contract, fraud, HAMP, Home Affordable Modification Program, mortgage modification
Homeowners could not pursue state-law claims for the alleged wrongful denial of a mortgage modification under the federal Home Affordable Modification Program (HAMP), the 4th U.S. Circuit Court of Appeals has ruled in affirming a dismissal.
Calif. suit filed over alleged attorney-assisted loan scam
Published: January 7, 2013
Tags: consumer law, foreclosure, fraud, Lawyers’ Committee for Civil Rights Under Law, loan modification, loan scam, loans, mortgage modification
A loan modification company, aided by an attorney, has defrauded homeowners in 10 states of thousands of dollars, according to a new lawsuit filed in California state court.
CFPB’s first civil complaint aimed at law firm
Published: August 2, 2012
Tags: Consumer Financial Protection Act, Consumer Financial Protection Bureau, mortgage modification
WASHINGTON – In its first ever civil enforcement action, the Consumer Financial Protection Bureau has charged a law firm with bilking clients who sought help with their mortgage payment plans to avoid losing their homes.
Home borrower can’t sue to enforce HAMP rights
Published: April 24, 2012
Tags: consumer protection, Emergency Economic Stabilization Act of 2008, HAMP, Home Affordable Modification Program, mortgage modification
A home borrower did not have a private right of action to sue his lender for failing to grant him a permanent loan modification under the federal Home Affordable Modification Program (HAMP), the 11th Circuit has ruled in affirming a dismissal.
Bill would allow bankruptcy judges to adjust mortgages
Published: May 4, 2011
Tags: bankruptcy court, cramdown, Home Foreclosure Reduction Act, mortgage modification
WASHINGTON – A bill that would allow certain home mortgages to be modified by bankruptcy judges has been introduced in the House.
FTC issues final mortgage modification services rule
By:
Kimberly Atkins
Published: November 23, 2010
Tags: ABA, attorney exemption, FTC, mortgage modification
WASHINGTON – The Federal Trade Commission has issued new rules banning providers of mortgage foreclosure rescue and loan modification services from collecting fees from homeowners before a written offer from their lender is made and accepted.
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.
