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BofA, JPMorgan Defeat Loan Modification Fraud Class Action

By Andrew Scurria (February 21, 2014, 3:42 PM EST) -- A California judge on Thursday threw out a putative class action accusing Bank of America NA, JPMorgan Chase Bank NA and other mortgage servicers of stonewalling loan modification applications, ruling that the borrower plaintiffs could not blame property foreclosures on modifications for which they did not qualify....

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