Judge Won't Rethink Wells Fargo Loan Modification Suit

Law360, Los Angeles (June 27, 2012, 5:09 PM EDT) -- A California state judge on Wednesday refused to revive a class action accusing Wells Fargo Bank NA of misrepresenting the terms of its loan and mortgage modification programs and unlawfully foreclosing on homeowners’ property, concluding again that the modificiation agreements were unenforceable.

Los Angeles Superior Court Judge John S. Wiley denied lead plaintiff Coby Goodman's motion for reconsideration, rejecting arguments that a Wells Fargo modification trial period agreement is an enforceable contract for a permanent loan modification.

The decision comes after Judge Wiley tossed Goodman's lawsuit...
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