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.
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.
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.
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.
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.
Published: November 15, 2010
Tags: breach of contract, class actions, consumer fraud, foreclosures, HAMP program, Home Affordable Modification Program, loan modification, mortgage modification, Obama