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Real Estate/Development

Apr. 19, 2011

Mortgage Program Sparks Suits

The frustration experienced by homeowners facing foreclosure and unable to get help in lowering their monthly mortgage payments is spilling into the courts, with a large number of recent lawsuits against lenders.


By Anna Scott


Daily Journal Staff Writer


The frustration experienced by homeowners facing foreclosure and unable to get help in lowering their monthly mortgage payments is spilling into the courts, with a large number of recent lawsuits accusing lenders of breaching their obligations under a controversial federal loan modification program.


At least four class-action lawsuits accusing large banks of flouting their obligations under the Obama ad...

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