patrick.net

When a Georgia homeowner was denied a loan modification without any explanation a judge said the lender had a duty to say why -- especially since it got $20 billion in bailout money.

>>>"This court cannot imagine why U.S. Bank will not make known to Mr. Phillips, a taxpayer, how his numbers put him outside the federal guidelines to receive a loan modification," Blackmon continued. "Taking $20 billion of taxpayer money was no problem for U.S. Bank. A cynical judge might believe that this entire motion to dismiss is a desperate attempt to avoid a discovery period, where U.S. Bank would have to tell Mr. Phillips how his financial situation did not qualify him for a modification."

http://www.huffingtonpost.com/2011/11/15/dennis-blackmon-georgia-judge-mocks-us-bank-denied-mortgage-modification_n_1094797.html

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