Thursday, September 5, 2013

U.S. judge rejects Bank of America mortgage modification class action

http://www.reuters.com/article/2013/09/05/us-bankofamerica-mortgages-lawsuit-idUSBRE9840N020130905

A lawsuit accusing Bank of America Corp (BAC.N) of reneging on promises to help distressed homeowners modify their mortgage loans, and instead driving them into foreclosure, cannot proceed as a class action, a federal judge has ruled.

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