Mortgage lenders can’t be sued privately for allegedly breaching their agreements under a mortgage-relief program designed to keep homeowners out of foreclosure, a bankruptcy judge says.

The federal Home Affordable Mortgage Program, which allows mortgagees to stay in their homes if they demonstrate an ability to make lower monthly payments, does not create a private right of action, Judge Michael Kaplan ruled in In re O’Biso, 11-21794.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]