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Home / Opinion Digests / Economic Loss Rule Bars Foreclosure Fraud Claim (access required)

Economic Loss Rule Bars Foreclosure Fraud Claim (access required)

Plaintiff borrowers who claim defendants, Fannie Mae and a mortgage loan servicer, did not comply with the mortgage modification agreement plaintiffs executed under the Home Affordable Modification Program lose their suit in the Richmond U.S. District Court for fraud and constructive fraud barred by the economic loss rule; defendants win judgment on the pleadings because ...

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