Bank of America Loses Bid to Dismiss Homeowner Mortgage Modification Suit

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Bank of America Loses Bid to Dismiss Homeowner Mortgage Modification Suit

Bank of America Loses Bid to Dismiss Homeowner Mortgage Modification Suit

BLOOMBERG-

Bank of America Corp. (BAC) must face claims from homeowners who accuse the biggest U.S. bank of failing to honor agreements for modifying their mortgage loans, a federal judge ruled.

Homeowners who say they met requirements for permanent modifications can proceed with their cases, according a decision filed today by U.S. District Judge Rya Zobel in Boston. Zobel dismissed some claims against the bank.

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