NY Homeowners Say They Were Wrongly Denied Aid

Law360, New York (November 10, 2009, 1:20 PM EST) -- Four New York homeowners have filed a purported class action alleging that Aurora Loan Services LLC improperly denied their applications for modifications of their mortgages under the federal Home Affordable Modification Program.

The complaint, filed Monday in the U.S. District Court for the District of Columbia, also claims that the U.S. Department of the Treasury, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have not put in place adequate protections for homeowners, including a lack of formal review processes for homeowners who say their...
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