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Borrowers Have Standing to Challenge Void Assignments of Their Loans

A California Court of Appeal reversed a trial court’s decision and held that a borrower may sue a bank for wrongful foreclosure when an attempted transfer of loan to a securitized trust occurred after the trust’s closing...more

8/26/2013 - Assignments Borrowers Foreclosure Loans Mortgages Securities Standing Trusts Wrongful Foreclosures

U.S. Court of Appeals: The Home Affordable Assistance Program Has Produced More Litigation Than Happy Homeowners

In Corvello v. Wells Fargo Bank NA (--- F.3d ----, C.A.9 (Cal.), August 8, 2013), the Ninth Circuit Court of Appeals held that Wells Fargo Bank was required to offer borrowers permanent loan modifications to their home...more

8/19/2013 - Banks Borrowers HAMP Lenders Loan Modifications Mortgages U.S. Treasury Wells Fargo

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