3rd Circuit Reverses, Finds State Fraud, Contract Claims Not Preempted By HAMP

(February 28, 2024, 3:48 PM EST) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on Feb. 27 reversed a lower court’s grant of summary judgment to a bank in mortgage modification suit, finding that the borrower’s state law fraud and breach of contract claims are not preempted by the regulations governing the U.S. Treasury Department’s Home Affordable Modification Program (HAMP)....