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Home / Opinion Digests / No Private Suit Under HAMP Loan Program (access required)

No Private Suit Under HAMP Loan Program (access required)

Homeowners have no private cause of action under the federal Home Affordable Modification Program for allegations that they accepted defendant Wells Fargo’s solicitations and applied for HAMP loan modification, only to be denied for an allegedly incorrect Net Present Value. Defendants’ Notice of Removal alleges plaintiffs’ claims arise under the Home Affordable Modification Program, a federal ...