Contract Claims Cut From Wells Fargo Mortgage Action

Law360, New York (January 03, 2011, 8:29 PM ET) -- A federal judge on Monday refused to dismiss a putative class action accusing Wells Fargo Bank NA of tricking delinquent mortgage holders into making payments even as their properties headed into foreclosure, though he did trim breach of contract claims from the suit.

The bank may have violated California consumer protection and debt collection law when it took payments from borrowers who thought they had a shot at saving their failing mortgages, Judge Joseph Spero of the U.S. District Court for the Northern District of California...
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