Homeowners in the 7th Circuit can Sue Banks over Mortgage Modification Malfeasance
Although the Home Affordable Mortgage Program doesn’t allow for private federal actions against banks over their implementation of the program, a homeowner can bring state law claims, the 7th U.S. Circuit Court of Appeals ruled. The Home Affordable Mortgage Program and its enabling statute do not contain a federal right of action. But, neither do they preempt otherwise viable state-law claims. Permitting suits such as this will not expose mortgage