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Home / Opinion Digests / Loan Modification Suit Remanded to State Court (access required)

Loan Modification Suit Remanded to State Court (access required)

A Richmond U.S. Court remands to state court a homeowner’s suit alleging state law claims against a lender, a loan servicer and a foreclosure company that require a court to construe the lender’s purported obligations under the federal Home Affordable Modification Program. Under HAMP, the federal government encourages participating servicers to modify struggling homeowners’ mortgage obligations ...