June 2012
The Boston Bar Association (“BBA”)’s Financial Services Section recently published an on-line article authored by Andrew R. Dennington titled “Inertia Is Not An Option”: Massachusetts Superior Court Holds That Borrowers May Sue Loan Servicers For Violations Of HAMP Guidelines. This article discusses when mortgage loan servicers may be held directly liable to borrowers for violating Home Affordable Modification Program (“HAMP”) guidelines. HAMP is the federal government’s primary foreclosure prevention program. Mr. Dennington is a past Co-Chair of the BBA’s Consumer Finance Working Group and its Consumer Finance Committee.