JPMorgan Can't Escape Botched Loan Mod Advice Claims

Law360, New York (November 5, 2012, 5:30 PM EST) -- A Virginia federal judge refused Monday to pare a suit accusing JPMorgan Chase Bank NA of botching a homeowner's loan modification request, saying there's evidence the mortgage servicer flouted contract terms and committed defamation by disseminating bogus information about late payments.

In denying a motion to dismiss several counts, U.S. District Judge Henry E. Hudson rejected JPMorgan's argument that it had no legal duty to provide Michelle Bourdelais with a modification, saying the bank was expected under a deed of trust to deal with her in...
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