SunTrust Can't Shake Homeowner Loan Modification Suit

Law360, New York (March 13, 2014, 4:55 PM EDT) -- A Virginia federal judge on Thursday declined to dismiss a proposed class action accusing SunTrust Mortgage Inc. of breaching a temporary mortgage modification agreement by taking regular monthly payments and then failing to properly credit the plaintiff's account, but limited the claims after finding that the parties didn't have a written contract.

In the opinion, U.S. District Judge John A. Gibney Jr. found that SunTrust had breached its Home Affordable Modification Trial Period Plan agreement with plaintiff Laurie Wilson by deducting the reduced monthly payments from...
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