Legal Alert - Ninth Circuit Opens Door for Protracted HAMP Litigation


by Gregory J. Marshall and Irina Tanurcov

Earlier this month, the Ninth Circuit reversed a lower court’s dismissal of two consolidated class action complaints, holding that mortgage servicers participating in the Home Affordable Modification Program (HAMP) are contractually required to offer borrowers permanent loan modifications if they comply with standardized trial period plans. Corvello v. Wells Fargo Bank, NA and Lucia v. Wells Fargo Bank, NA.

[Read the full alert.]