Judge Remands Loan Modification Suit For Lack Of Jurisdiction

Judge Remands Loan Modification Suit For Lack Of Jurisdiction

CAMDEN, N.J. - A federal judge in New Jersey on Oct. 21 issued a sua sponte ruling remanding a lawsuit brought by 98 borrowers claiming that their lenders and/or loan servicers acted negligently when processing their requests for home loan modifications, finding that the plaintiffs' claims did not raise a federal question because neither the Troubled Asset Relief Program (TARP) or Home Affordable Modification Program (HAMP) offer private causes of action to citizens (John Brecker, et al. v. 1st Republic Mortgage Bankers, Inc., et al., No. 13-5646, D. N.J.; 2013 U.S. Dist. LEXIS 151214).

Find full version on lexis Advance®
Access this news story on lexis.com®