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United States Court of Appeals,Ninth Circuit. Phillip R. CORVELLO, Plaintiff-Appellant, v. wells fargo bank, NA, DBA America’s Servicing Company, dba Wells Fargo Home Mortgage, Inc., Defendant-Appellee. Karen Lucia; Jeffrey Lucia, on behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v.

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Class Action HAMP. On August 8, the U.S. Court of Appeals for the Ninth Circuit held that hamp trial period plans (TPPs) create a contractual obligation that the servicer offer a permanent modification to borrowers who complete the TPP. Corvello v. Wells Fargo Bank, N.A., Nos. 11-16234, 11-16242, 2013 WL 4017279 (9th Cir. Aug. 8, 2013).

CORVELLO V. WELLS FARGO BANK OPINION PER CURIAM: INTRODUCTION The U.S. Department of the Treasury, acting under the direction of Congress, launched the Home Affordable Modification Program ("HAMP") in 2009 to help distressed homeowners with delinquent mortgages, but the program seems to have created more litigation than it has happy homeowners.

MBA assembles task force to revisit single-family GSE reform Plan Calls for Congressionally Re-chartered Entities with Explicit Guarantee on MBS. The paper is derived from the work of MBA’s Task Force for a Future Secondary Mortgage Market. The Task Force considered the benefits and drawbacks of many potential models in developing its recommendation. It concluded by reaffirming an end-state.

The U.S. Court of Appeals for the Seventh Circuit recently held that a borrower may be able to sustain breach-of-contract and related claims against a servicer who fails to comply with a modification agreement under the Home Affordable Modification Program (HAMP). Although the decision in Wigod v.

Citing the Seventh Circuit’s holding in Wigod v. Wells Fargo Bank, N.A., 673 F.3d 547 (7th cir. 2012), the Ninth Circuit held that once the servicer determined that a borrower had complied with.

We therefore must reverse the judgment and remand the case for further proceedings. CONCLUSION The district court s judgment granting Wells Fargo s motion to dismiss is REVERSED and REMANDED. 16 CORVELLO V . WELLS FARGO BANK NOONAN, Circuit Judge, concurring: Read as a whole the TPP between Corvello and Wells Fargo makes no sense.

Bernstein brought this action pro se to enforce his right to rescission on July 15, 2015. 3 He alleged that he exercised his 1635(a) right to rescind on February 22, 2010, by sending Wells Fargo a notice to that effect, and that when Wells Fargo failed to respond, the notice rendered both Wells Fargo’s security interest and the note he executed void by operation of law.