Reuters-
* Homeowners claim bank misled them about modifications
* Excess fees, unnecessary foreclosures alleged
* Judge dubs some fee justifications “gibberish”
By Jonathan Stempel
NEW YORK, July 30 (Reuters) – A federal judge rejected JPMorgan Chase & Co’s bid to dismiss a lawsuit accusing it of misleading thousands of cash-strapped homeowners nationwide about modifying their mortgages.
U.S. District Judge Richard Stearns in Boston on Friday let homeowners pursue claims that the largest U.S. bank systematically failed to keep its end of the bargain after signing up borrowers hoping to modify their mortgages under the federal Home Affordable Modification Program, or HAMP.
[REUTERS]
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
