Categories: Class Action Lawsuit

Bank Of America Mortgage Modification Class Action Lawsuit

The Bank Of America Mortgage Modification Class Action Lawsuit revolves around claims that BOA, according to the lawsuit,  “agreed to take part in the U.S. Treasury Department’s $75 billion Home Affordable Modification Program (HAMP) since it accepted bailout funds from the Troubled Asset Relief Program (TARP), but allegedly had an incentive not to modify loans because doing so might cause it to repurchase more loans, collect lower servicing fees, or assess lower default charges because fewer payments would be deemed late.”

The case was filed on the behalf of homeowners who claim that Bank Of America screwed them over on the modify troubled mortgages agreement.  The case is in the jurisdiction of the U.S. District Court, Western District of Washington.

classaction

Share
Published by
classaction

Recent Posts

www.capitalonetcpaclasssettlement.com – Capital One TCPA Class Settlement

The Capital One TCPA lawsuit revolves around the use of a automatic telephone dialing system…

10 years ago

www.lanebryant.com/careers – Work for Lane Bryant

Lane Bryant is a popular plus size women apparel company and offers jobs at their…

11 years ago

www.protectmyid.com/target – Target Data Breach Issue

Target has provided a free Protect My ID membership in light of the recent data…

11 years ago

www.moneytransfersettlement.com – Money Transfer Class Action Settlement

Many people use Western Union for money transfers and it appears that a significant number…

11 years ago

www.sprintsurchargesettlement.com – Sprint Communications Surcharges Settlement

A class action lawsuit has been filed in the United States District Court for the Middle…

11 years ago

Da Vinci Robot Surgery Class Action Lawsuit

The Da Vinci Surgical System is the focus of the Da Vinci Robot Surgery Class…

11 years ago