Barrasso v. Litton Loan Servicing, L.P.

31 Mass. L. Rptr. 46
CourtMassachusetts Superior Court
DecidedFebruary 26, 2013
DocketNo. ESCV201002103
StatusPublished

This text of 31 Mass. L. Rptr. 46 (Barrasso v. Litton Loan Servicing, L.P.) is published on Counsel Stack Legal Research, covering Massachusetts Superior Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Barrasso v. Litton Loan Servicing, L.P., 31 Mass. L. Rptr. 46 (Mass. Ct. App. 2013).

Opinion

Kirpalani, Maynard M., J.

This case was tried in the Essex County Superior Court sitting in Newburyport on May 14, 2012, without jury. The plaintiff called a single witness, himself. The defendants called a single witness, Gina Johnson, a Senior Loan Analyst for Ocwen Loan Servicing, LLC. The parties submitted a total of seven exhibits. Both parties also submitted proposed findings of fact and conclusions of law. The sole claim left after the allowance of motions for sum-maiy judgment is one for a violation of G.L.c. 93A. The essential allegation is that the plaintiff was injured by the defendant’s handling and denial of his application for a modification of his residential first mortgage under the Home Affordable Modification Program.

Based on all of the evidence and the parties’ submissions, I make the following findings of fact and conclusions of law.

FINDINGS OF FACT

The plaintiff, William T. Barrasso, Jr. (“Barrasso”) purchased a new condominium unit at 80 Walnut Street in Peabody, Massachusetts in September of 2005. The original lender was New Century Mortgage Corporation. The original servicer was also New Century. The property was financed by virtue of two loans and mortgages were given by the plaintiff in connection with both. The first mortgage was in the principal amount of $211,200.00 with an initial rate of 6.65%, adjustable in accordance with a predetermined index after two years. In January of 2007 the ownership of his loans was transferred to Bank of America, N.A. and the defendant, Litton Loan Servicing, L.P. (“Litton”) became the servicer. When the initial interest rate adjustment on Barrasso’s adjustable rate first mortgage came up after two years, which required him to pay several hundred dollars more per month, he requested a modification of the terms of the loan. He contacted Litton for that purpose and was told that he could keep the loan at the same interest rate and payment schedule for 22 months. That modification was executed by Barrasso on January 17, 2008, effective December 1, 2007.

In May of 2010, Barrasso made an application to Litton for another modification through his counsel. Litton sent an acknowledgment letter to Barrasso dated May 28, 2010. The letter acknowledged receipt of his request for loan modification, stated that Litton would review the initial documentation package and that if additional documentation was needed, Litton would contact him. Thereafter, by letter dated July 12, 2010, Litton advised Barrasso that he had not submitted all the documentation previously requested. The letter indicated that the following documents were required in order to proceed with his request for modification:

1. Signed and dated IRS form 4506-T (Request for Transcript of Tax Return);
2. Signed copy of his most recently filed federal income tax return with all schedules and forms;
3. A copy of his most recent bank statement;
4. A copy of his two most recent pay stubs showing year-to-date earnings.

[47]*47The letter indicated that Litton would consider his request withdrawn if it had not received the requested documentation by July 27, 2010.1

However, I credit the testimony of Barrasso, buttressed by a letter dated July 14, 2010 sent by his attorney to Litton, that his initial information packet sent to Litton in May 2010 included IRS form 4506-T, copies of his 2008 and 2009 tax returns, his bank statement, and his two most recent pay stubs.

By letter dated August 4, 2010, Litton wrote to Barrasso and stated, “[W]e are unable to offer you a HAMP modification because you did not provide us with the documents we requested. A notice listing the specific documents we needed and the time frame required to provide them was sent to you more than 30 days ago.”2 The August 4 letter went on to state that Barrasso had 30 days from the date of the letter “to contact Litton to discuss the reason for non-approval for a HAMP modification or to discuss alternative loss mitigation options.”3

By letter dated July 14, 2010, Barrasso’s lawyer had written to Litton demanding a settlement pursuant to General Laws c. 93A, claiming that “Litton violated the guidelines for the federal Home Affordable Modification Program (“HAMP”) by wrongfully denying him a loan modification, despite Barrasso qualifying for such a modification, and despite him providing all required documents under HAMP. In particular, the letter pointed out that Litton, by letter of June 10, 2010,4 had indicated that it could not proceed with the request for a HAMP modification and had requested the same documents that Barrasso had previously provided with his application package in May 2010. The letter also asserted that Litton had failed to grant Barrasso the required 30-day period to provide the requested documentation after asserting the deficiency in documentation.

Litton’s letter dated August 4, 2010 denying the HAMP modification made no reply or reference to Barrasso’s contention that he had already submitted the requested documentation, but merely reiterated Litton’s contention that Barrasso has failed to provide the documents requested by Litton.

By letter dated August 16, 2010, Litton’s outside counsel responded to the demand letter dated July 14, 2010. In that response, Litton’s counsel did not address Barrasso’s assertion that Litton had requested documents that had already been provided by Barrasso or the assertion that Litton had not allowed the required time to cure the deficiency. Rather, Litton’s counsel merely asserts that, “Litton’s records reveal that Barrasso failed to provide all of the requested documentation on a timely basis.”

In October 2011, Litton offered Barrasso a loan modification. Barrasso decided not to accept the modification because he found its terms unfavorable and specifically, it added $18,000 to his principal amount. In 2012, Litton offered another modification. This one reduced the principal amount of the first mortgage to $177,000.00 at a lower interest rate and would pay off the second mortgage, originally in the face amount of $60,000.00, for a lump sum payment of $1000.00. Barrasso has not accepted the most recent modification offer because he feels it does not adequately compensate him for the damages he asserts that have been caused by Litton’s failure to modify the loan in 2010.5

CONCLUSIONS OF LAW

“Chapter 93A requires claimants to set out specifically any activities in their demand letter as to which they seek relief. Separate relief on actions not so mentioned is foreclosed as a matter of law.” Clegg v. Butler, 424 Mass. 413, 423 (1997). In this case, the demand letter of July 14, 2010 stated, “Litton violated the guidelines for the federal Home Affordable Modification Program (“HAMP”) by wrongfully denying him a loan modification, despite Barrasso qualifying for such a modification, and despite him providing all required documents under HAMP.” It went on to point out that Barrasso had already provided the documents being requested by Litton’s letter of July 12, 2010 and further that Litton’s letter had not given Barrasso the required 30 days in which to cure the alleged deficiency in his application. In fact, Litton had not denied Barrasso’s application for a loan modification as of the date of this July 14, 2010 demand letter.6

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Related

Squeri v. McCarrick
588 N.E.2d 22 (Massachusetts Appeals Court, 1992)
Clegg v. Butler
424 Mass. 413 (Massachusetts Supreme Judicial Court, 1997)

Cite This Page — Counsel Stack

Bluebook (online)
31 Mass. L. Rptr. 46, Counsel Stack Legal Research, https://law.counselstack.com/opinion/barrasso-v-litton-loan-servicing-lp-masssuperct-2013.