Wells Fargo Hit With Mortgage Class Action

Law360, New York (September 23, 2010, 3:15 PM EDT) -- A couple have accused a Wells Fargo Bank NA unit in a putative breach of contract class action of extracting payments from defaulted residential mortgage customers in California by promising them a chance to keep their homes through a bogus forbearance-to-modification program.

Gustavo Reyes and Maria Teresa Guerrero lodged an amended complaint in the U.S. District Court for the Northern District of California on Wednesday, claiming Wells Fargo Home Mortgageā€™s program was a sham designed to pull in revenue from nonperforming mortgage loans without providing customers...
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Case Information

Case Title

Reyes et al v. Wells Fargo Bank, N.A.

Case Number



California Northern

Nature of Suit

Contract: Other


Joseph C. Spero

Date Filed

April 19, 2010

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