Homeowners With Wells Fargo Mortgages Can Sue Wells Fargo

Homeowners With Wells Fargo Mortgages Can Sue Wells Fargo If They Were Denied Permanent Loan Modifications

Wells Fargo must face lawsuits by homeowners with Wells Fargo mortgages who claim the largest Wells Fargo refused to offer them permanent mortgage modifications for which they had qualified.
The 9th U.S. Circuit Court of Appeals said Wells Fargo was required under the federal Home Affordable Modification Program to offer homeowners with Wells Fargo mortgages loan modifications who demonstrated their eligibility during a trial period.
As a result, the Appellate Court reversed the dismissals by a San Francisco federal judge of two lawsuits seeking class-action status. 
A federal appeals court in Chicago also reached a similar conclusion last year. 
Wells Fargo said it had $352 million of loans under HAMP in a trial modification period as of June 30.

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