Judge Finds Individual Issues Bar Certification Of Loan Modification Classes

Judge Finds Individual Issues Bar Certification Of Loan Modification Classes

LOS ANGELES - A federal judge in California on Oct. 7 denied certification of eight state classes for borrowers who entered into and complied with the terms of Trial Payment Plans (TPPs) with Citimortgage Inc. after April 2009, finding that variations in the deadlines for when the loan servicer was required to either provide a permanent loan modification or a denial of the application present an individual issue that predominates over class-wide questions (In re: Citimortgage Inc. Home Affordable Modification Program (HAMP) Litigation, No. 11-ml-2274, C.D. Calif.).

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