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HAMP mortgage case against BofA fails to proceed

A federal judge ruled that a lawsuit accusing Bank of America (BAC) of reneging on promises to help distressed homeowners modify their mortgages cannot proceed as a class action.

Per Reuters:

While saying the borrowers' claims may have merit, U.S. District Judge Rya Zobel in Boston said there are so many individual factual issues that they "cannot sensibly be adjudicated" together on a classwide basis.

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