Homeowners Receive Class Cert. In Morgan Stanley HAMP Suit

Law360, New York (August 6, 2013, 6:12 PM EDT) -- A California federal judge granted class certification Monday to a group of homeowners who have accused a Morgan Stanley unit of denying new terms to them in a loan modification program, rejecting the company’s assertion that the plaintiffs’ claims weren’t similar enough to each other.

Plaintiff Marie Gaudin claimed Saxon Mortgage Services Inc. delayed processing her loan while urging her to make trial payments as part of its Home Affordable Modification Plan, meant for homeowners who were behind on loan payments. Saxon later yanked the offer...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.