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Mortgage Loan Modification Actions

Turbeville et al. v. JPMorgan Chase Bank, N.A., 10-1464 (C.D.Cal.) Santa Ana

This class action alleges breach of contract and violation of various sate consumer fraud and deceptive practices laws (Illinois, California, New York, Indiana, etc.) in connection with JP Morgan Chase’s alleged “intentional and systematic program …to avoid offering or failing to offer permanent loan modifications to qualified borrowers.” Plaintiffs allege that JP Morgan Chase received $25 billion in federal bailout (TARP) funds, and agreed to participate in the Home Affordable Modification Program (HAMP), which included entering into temporary loan mod More...

Noble et al. v. JPMorgan Chase Bank, N.A., 3:10-cv-00704 (S.D.Ill.) East St. Louis

Class action alleges breach of contract and unfair business practices in that JPM breached responsibilities under TARP by receiving $25 billion in bailout funds but then refusing to grant loan modifications to HAMP-eligible borrowers; alleges that JPM “knowingly established a system designed to wrongfully deprive its HAMP borrowers of an opportunity to modify their mortgages, pay their loans and save their houses from foreclosure.” More...