BofA Borrowers Denied Class Status In Loan Modification Suit

Bank of America borrowers can’t proceed as a class in a case brought against the bank for allegedly breaching permanent loan modification agreements under the Obama administration’s Home Affordable Modification Program (Esquivel v. Bank of America NA, E.D. Cal., 2:12-cv-02502-GEB-KJN, order issued 1/6/16).

Judge Garland E. Burrell Jr. of the U.S. District Court for the Eastern District of California denied a motion for class certification filed by plaintiffs Antonio and Beatriz Esquivel, who defaulted on their mortgage and received a permanent loan modification under HAMP, administered by the Federal Housing Administration. The plaintiffs alleged Bank of America ...