HAMP Participants Have Contract Rights, 7th Circ. Rules

By Keith Goldberg (March 9, 2012, 3:06 PM EST) -- Homeowners who have trial mortgage loan modification agreements with servicers under the federal Home Affordable Modification Program can sue for breach of contract and other state law claims, the Seventh Circuit said Wednesday, reviving a putative class action claiming Wells Fargo & Co. improperly refused to modify loans....

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