By the Ballard Spahr LLP Mortgage Banking Group
The law is well settled that borrowers do not have a direct right of action under the Home Affordable Modification Program (HAMP) against a lender that fails to offer a loan modification. A split of...
A recent published decision from the Appellate Division -- Arias v. Elite Mortgage-- resolved a question of first impression in New Jersey that is important as the State continues to dig its way out of the credit crisis. The issue in Arias, [ enhanced...
By Richard D. Vetstein, ESQ
First Reported Mass. Ruling On Home Affordable Modification Program Liability
The fallout from the sub-prime and mortgage crisis continues in
Massachusetts courts, and some judges are reacting in favor of