Mealey's Banking & Finance - Federal Judge Grants Judgment For Banks, Finds Loan Modification Was Null

Mealey's Banking & Finance - Federal Judge Grants Judgment For Banks, Finds Loan Modification Was Null

WASHINGTON, D.C. - A District of Columbia federal judge on July 30 granted summary judgment in favor of two banks on all claims asserted by a homeowner in relation to the execution of a loan modification, finding that the underlying loan modification agreement was not valid (James T. Covington, et al. v. JP Morgan Chase, et al., No. 9-30, D. D.C.; 2014 U.S. Dist. LEXIS 103561).

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