Borrowers can sue Wells Fargo over mortgage modifications

Wells Fargo bank must face the owner demands of America's largest mortgage lender refused to provide them with their eligible permanent mortgage modification of litigation, a federal appeals court ruled on Thursday. The United States court of appeals for the ninth circuit, said Wells Fargo (Wells Fargo) need according to the family the reconstruction plan of the affordable, to prove its qualifications of borrowers who provide loan modification during the probation period. Astern fired two lawsuits, seeking class-action status San Francisco federal judges, the appeal court dismissed the Wells Fargo bank, Wells Fargo, just send the borrower signed after the modification agreement, become inevitable. Court said, "this will create" unfettered discretion "SAN francisco-based bank refused to modify for any reason at all" - a rise in interest rates, economic deterioration, or the borrower just don't like." Last year, although a federal appeals court in Chicago reached a similar conclusion, for the ninth circuit decision apply to several countries in the western United States - it

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