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Mealey's Banking & Finance - Judge Finds Man Fails To State Claims Over Denied Loan Modification

BALTIMORE - A federal judge in Maryland on Feb. 7 dismissed a man's lawsuit accusing Bank of America N.A. (BANA) of violating the Home Affordable Modification Program (HAMP) by failing to approve his request for a loan modification, holding that that the program does not provide a private cause of action to borrowers (Vasilios Fotopoulos v. Bank of America N.A., No. 19-cv-02178, D. Md., 2020 U.S. Dist. LEXIS 21499).
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