Lawsuits tied to fallout from mortgage mod program
There have been 734,500 homeowners nationwide who have been turned away from the $75 billion federal Home Affordable Modification Program. Many of them are now in worse financial trouble because they took up the offer to seek mortgage relief that pushed them further into debt. Below, read some documents related to problems resulting from the HAMP program.
Class action lawsuit against lender
Davidson Calfee's lawsuit against CitiMortgage alleging that it failed to follow through on promises to make trial mortgage payment plans permanent.
Court ruling favors borrowers
This court ruling from January rules in favor of the plaintiffs in a similar suit against Wells Fargo.
Government report on HAMP problems
This January report by the Office of the Special Inspector General talks about the problems with the Home Affordable Modification Program ("HAMP").